12,655 Shares of Eaton Corporation, PLC $ETN Bought by NBT Bank N.A.

NBT Bank N.A. acquired a new position in shares of Eaton Corporation, PLC (NYSE:ETN) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 12,655 shares of the industrial products company’s stock, valued at approximately $5,438,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its stake 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 valued at $2,909,235,000 after acquiring an additional 1,120,567 shares in the last quarter. National Pension Service boosted its position in Eaton by 3.5% during the 2nd quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock worth $368,479,000 after acquiring an additional 29,436 shares during the last quarter. AMF Tjanstepension AB grew its stake in shares of Eaton by 1.4% during the 3rd quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company’s stock worth $156,764,000 after acquiring an additional 5,168 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Eaton by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock worth $121,501,000 after acquiring an additional 131,624 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Eaton by 112.6% in 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 purchasing an additional 178,000 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Down 6.4%

ETN stock opened at $368.62 on Friday. 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 business has a 50 day moving average price of $417.37 and a two-hundred day moving average price of $411.34. The company has a market cap of $143.17 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 2.28 and a beta of 1.13. Eaton Corporation, PLC has a twelve month low of $311.92 and a twelve month high of $478.00.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The firm had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the previous year, the firm earned $2.95 EPS. The business’s quarterly revenue was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Analysts anticipate that Eaton Corporation, PLC will post 13.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ETN has been the topic of a number of research reports. Evercore boosted their price objective on shares of Eaton from $502.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Morgan Stanley raised their target price on shares of Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. BMO Capital Markets lifted their price target on shares of Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Eaton from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $484.10.

Insider Activity at Eaton

In related news, insider Heath Monesmith sold 18,036 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Wadecki sold 525 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the sale, the insider directly owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

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.