Oppenheimer & Co. Inc. Sells 1,971 Shares of Eaton Corporation, PLC $ETN

Oppenheimer & Co. Inc. cut its stake in Eaton Corporation, PLC (NYSE:ETN) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,178 shares of the industrial products company’s stock after selling 1,971 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Eaton were worth $34,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ETN. Wellington Management Group LLP raised its position in Eaton by 19.6% in the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock worth $2,909,235,000 after purchasing an additional 1,120,567 shares during the period. National Pension Service lifted its stake in Eaton by 3.5% in the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock worth $368,479,000 after purchasing an additional 29,436 shares during the last quarter. AMF Tjanstepension AB boosted its position in shares of Eaton by 1.4% during the third quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company’s stock valued at $156,764,000 after buying an additional 5,168 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Eaton by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock valued at $121,501,000 after buying an additional 131,624 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Eaton by 112.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after buying an additional 178,000 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Higher earnings expectations: Zacks Research raised its EPS forecast for Eaton, reinforcing confidence in the company’s earnings outlook. Eaton’s latest reported quarter also showed revenue growth and earnings above consensus, while management’s 2026 guidance remains constructive. Eaton Stock Gets Increased EPS Forecast from Zacks Research
• Positive Sentiment: AI and data-center demand remains a key catalyst: Investment commentary highlighted Eaton’s power-management products as a way to participate in the growing electricity and infrastructure requirements of data centers. This supports the long-term growth narrative for the stock and complements broader AI-infrastructure opportunities. How Eaton’s Data Center Business Complements Amphenol’s AI Infrastructure Opportunity
• Positive Sentiment: Positive market momentum: A Zacks market recap reported that Eaton outperformed the broader market in the most recent session, helping explain the stock’s increase. Eaton Outpaces Stock Market Gains
• Neutral Sentiment: Broader infrastructure theme: Articles discussing a proposed U.S. copper investment and AI-driven grid expansion could benefit electrical-equipment suppliers such as Eaton over time, but they do not represent a direct contract or financial update for the company. This $6 Billion Investment Could Open a Relief Valve for America’s AI and Power-Grid Boom

Eaton Stock Performance

Shares of ETN stock opened at $371.28 on Tuesday. The firm has a market cap of $144.20 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 2.12 and a beta of 1.13. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $416.47 and its 200 day moving average is $394.69.

Eaton (NYSE:ETN) last posted its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. Eaton had a return on equity of 24.58% and a net margin of 12.75%. Eaton’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the completion of the sale, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This represents a 26.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the transaction, the director owned 1,829 shares of the company’s stock, valued at $833,841.10. This represents a 7.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ETN shares. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. BNP Paribas Exane boosted their price objective on Eaton from $490.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Evercore upped their price objective on Eaton from $502.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $534.00 price objective (up from $509.00) on shares of Eaton in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada increased their target price on Eaton from $512.00 to $526.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and a consensus target price of $484.10.

About Eaton

Eaton Corporation plc is a global intelligent power management company that helps businesses, utilities, data centers, manufacturers and other organizations manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its solutions support applications ranging from power distribution and backup systems to industrial automation, building infrastructure and transportation.

The company’s Electrical segment provides products and systems such as circuit breakers, switchgear, power distribution equipment, surge protection, energy management software and data center power solutions.