7,754 Eaton Corporation, PLC $ETN Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. decreased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 39.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,115 shares of the industrial products company’s stock after selling 7,754 shares during the period. Confluence Wealth Services Inc.’s holdings in Eaton were worth $5,206,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ETN. Assenagon Asset Management S.A. raised its holdings in shares of Eaton by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock worth $121,501,000 after buying an additional 131,624 shares during the last quarter. Sustainable Growth Advisers LP acquired a new stake in shares of Eaton during the third quarter worth $85,752,000. Wedmont Private Capital grew its holdings in shares of Eaton by 69.6% during the third quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company’s stock valued at $4,845,000 after buying an additional 4,684 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Eaton by 5.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company’s stock valued at $29,529,000 after buying an additional 3,638 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Eaton by 48.2% during the third quarter. IFP Advisors Inc now owns 16,026 shares of the industrial products company’s stock valued at $6,887,000 after buying an additional 5,212 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Eaton from $493.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Mizuho set a $485.00 price target on Eaton in a research report on Wednesday, November 4th. Morgan Stanley boosted their price target on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Robert W. Baird started coverage on Eaton in a report on Thursday, August 20th. They issued an “outperform” rating and a $500.00 price objective on the stock. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $534.00 price objective (up from $509.00) on shares of Eaton in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $482.09.

Insiders Place Their Bets

In related news, Director Gerald Johnson acquired 130 shares of Eaton stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Recent coverage says record third-quarter sales led Eaton to raise its 2026 outlook again. The supplied results also show earnings and revenue ahead of consensus, reinforcing the company’s operating momentum. Eaton stock: Record Q3 sales lift 2026 outlook again
• Positive Sentiment: Hyperscalers are projected to spend $1.3 trillion on capital investment in 2027. Eaton could benefit from demand for the electrical infrastructure needed to build and power data centers, although the projection does not guarantee specific orders for Eaton. Hyperscalers Are Projected to Spend $1.3 Trillion on Capex in 2027
• Positive Sentiment: RBC reportedly sees 58% upside, offering a bullish counterpoint to recent weakness. Eaton was selected to supply hydraulic and fuel-system technologies for Dassault Aviation’s Falcon 10X, adding an aerospace program win, though financial terms were not reported. RBC Sees 58% Upside From Here Eaton selected for Dassault Falcon 10X
• Negative Sentiment: Eaton has fallen sharply over the past month as concerns about Meta’s spending plans and political developments weighed on AI power-equipment stocks broadly. That sector-wide pressure may be offsetting Eaton’s strong results and longer-term data-center opportunity. Eaton Lost 23% in a Month
• Negative Sentiment: Raymond James lowered its price target to $485 from $525. The cut signals a more cautious view, even though the revised target remains above the share price referenced in the supplied background. Raymond James Adjusts Price Target on Eaton

Eaton Stock Down 1.4%

ETN stock opened at $354.34 on Wednesday. The company has a market capitalization of $137.66 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $478.00. The firm’s fifty day simple moving average is $403.30 and its 200-day simple moving average is $396.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 0.78.

Eaton (NYSE:ETN) last issued its earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.54 by $0.14. The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The firm’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.07 earnings per share. As a group, equities research analysts forecast that Eaton Corporation, PLC will post 13.78 earnings per share for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Tuesday, November 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 10th. Eaton’s dividend payout ratio (DPR) is currently 43.96%.

Eaton Profile

Eaton is a global power management company that designs and manufactures products and services intended to help customers manage electrical, hydraulic and mechanical power. Founded in 1911, the company serves customers across a range of industries, including utilities, commercial buildings, data centers, aerospace and transportation. Its offerings include electrical distribution and circuit protection equipment, power quality and backup systems, and power management software and services. Eaton also makes aerospace components and systems, as well as products for vehicle powertrains and related applications.