Waterloo Capital L.P. Grows Stock Position in Eaton Corporation, PLC $ETN

Waterloo Capital L.P. increased its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 25.9% in the 3rd quarter, Holdings Channel reports. The firm owned 7,073 shares of the industrial products company’s stock after purchasing an additional 1,454 shares during the period. Waterloo Capital L.P.’s holdings in Eaton were worth $2,647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Optimize Financial Inc purchased a new stake in shares of Eaton during the third quarter worth $341,000. Cornerstone Planning Group LLC grew its stake in Eaton by 9.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 328 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 28 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Eaton by 9.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 45,998 shares of the industrial products company’s stock valued at $16,830,000 after acquiring an additional 4,156 shares during the last quarter. FDx Advisors Inc. purchased a new position in Eaton in the 3rd quarter worth approximately $228,000. Finally, Mediolanum International Funds Ltd boosted its holdings in shares of Eaton by 14.2% during the 3rd quarter. Mediolanum International Funds Ltd now owns 121,162 shares of the industrial products company’s stock worth $44,485,000 after purchasing an additional 15,048 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

ETN has been the topic of a number of analyst reports. Citigroup reduced their price objective on Eaton from $442.00 to $435.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of Eaton from $440.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Wolfe Research upgraded shares of Eaton from a “peer perform” rating to an “outperform” rating and set a $413.00 target price on the stock in a report on Tuesday, December 9th. Finally, HSBC raised shares of Eaton from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.20.

Eaton Stock Performance

Shares of ETN stock opened at $354.59 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 1.32. The firm has a market cap of $137.72 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.44 and a beta of 1.20. The firm’s 50 day moving average price is $334.58 and its 200-day moving average price is $354.58. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $3.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.33. Eaton had a return on equity of 25.00% and a net margin of 14.89%.The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.15 billion. During the same quarter in the previous year, the company earned $2.83 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Eaton has set its Q1 2026 guidance at 2.650-2.850 EPS and its FY 2026 guidance at 13.000-13.500 EPS. As a group, equities research analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Insider Buying and Selling

In other Eaton news, Director Gerald Johnson purchased 200 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the completion of the purchase, the director directly owned 400 shares of the company’s stock, valued at approximately $135,956. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

Eaton Profile

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.