8,593 Eaton Corporation, PLC $ETN Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its stake in Eaton Corporation, PLC (NYSE:ETN) by 7.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,649 shares of the industrial products company’s stock after selling 8,593 shares during the quarter. Eaton comprises about 0.9% of Sterling Capital Management LLC’s holdings, making the stock its 16th biggest holding. Sterling Capital Management LLC’s holdings in Eaton were worth $44,969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ETN. Security National Bank of SO Dak bought a new stake in shares of Eaton during the 2nd quarter valued at about $26,000. Manning & Napier Advisors LLC bought a new position in Eaton in the second quarter worth about $27,000. Curry Webb Wealth Management LLC purchased a new stake in Eaton in the third quarter worth about $29,000. Boreal Capital Management LLC purchased a new stake in Eaton in the first quarter worth about $33,000. Finally, North Point Portfolio Managers Corp OH bought a new stake in Eaton during the 3rd quarter valued at approximately $34,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Gerald Johnson purchased 130 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. This trade represents a 7.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heath Monesmith sold 18,036 shares of the stock in a transaction dated 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 sale, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Weiss Ratings cut shares of Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Raymond James Financial increased their price target on shares of Eaton from $465.00 to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. UBS Group raised shares of Eaton from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $515.00 in a research report on Monday, September 7th. Sanford C. Bernstein reissued an “outperform” rating and set a $534.00 price objective (up from $509.00) on shares of Eaton in a research note on Monday, August 3rd. Finally, HSBC upped their price objective on shares of Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Eaton has a consensus rating of “Moderate Buy” and an average target price of $484.10.

Eaton News Summary

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Analysts continue to raise their earnings outlook. Zacks lifted its fourth-quarter 2026 EPS estimate to $4.04 from $4.03, while Erste Group raised its fiscal 2026 estimate to $13.59 and fiscal 2027 forecast to $16.32. These revisions suggest expectations for continued growth in Eaton’s higher-margin electrical and data-center businesses. Eaton earnings estimate revisions
• Positive Sentiment: Eaton was highlighted for its energy-efficient electrical products and recognized by IBD as one of the Most Sustainable Companies for a second consecutive year. Its focus on efficient power infrastructure may benefit from expanding electricity and data-center demand. Eaton sustainable profits
• Neutral Sentiment: Eaton has scheduled its next results for November 3. Investors will look for confirmation of its current fiscal 2026 EPS guidance of $13.40–$13.60 and indications that demand from data centers and electrical infrastructure remains strong. Eaton schedules November 3 results
• Negative Sentiment: Baird lowered its price target for ETN to $485 from $500. Although the revised target remains well above recent trading levels, the cut can weigh on sentiment, particularly with the stock trading below its 50-day and 200-day moving averages. Baird cuts Eaton price target
• Negative Sentiment: The shares recently fell 6.33% in one session, indicating broad near-term selling pressure. With quarterly results approaching and valuation still elevated at roughly 37 times earnings, investors may be locking in gains or reducing exposure until Eaton reports. Eaton shares decline more than the market

Eaton Stock Down 0.8%

Eaton stock traded down $2.87 during mid-day trading on Friday, hitting $366.12. The company had a trading volume of 2,266,099 shares, compared to its average volume of 2,322,556. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average price is $415.65 and its two-hundred day moving average price is $411.02. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $478.00. The company has a market capitalization of $142.20 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.14 and a beta of 1.13.

Eaton (NYSE:ETN) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.16 billion. During the same period in the prior year, the firm posted $2.95 earnings per share. The company’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. As a group, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.59 earnings per share for the current fiscal year.

Eaton Company Profile

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.