Greenup Street Wealth Management LLC Sells 2,908 Shares of Eaton Corporation, PLC $ETN

Greenup Street Wealth Management LLC decreased its stake in Eaton Corporation, PLC (NYSE:ETN) by 43.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,788 shares of the industrial products company’s stock after selling 2,908 shares during the period. Greenup Street Wealth Management LLC’s holdings in Eaton were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Eaton by 19.6% in the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock worth $2,909,235,000 after acquiring an additional 1,120,567 shares during the period. National Pension Service increased 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 valued at $368,479,000 after purchasing an additional 29,436 shares during the period. AMF Tjanstepension AB raised its holdings in 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 purchasing an additional 5,168 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Eaton by 112.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after purchasing an additional 178,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in 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 purchasing an additional 131,624 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Down 6.2%

ETN stock opened at $369.20 on Friday. The stock has a market cap of $143.40 billion, a P/E ratio of 37.56, a P/E/G ratio of 2.28 and a beta of 1.13. 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 fifty day simple moving average is $411.07 and its two-hundred day simple moving average is $396.09. Eaton Corporation, PLC has a 1-year low of $311.92 and a 1-year high of $478.00.

Eaton (NYSE:ETN) last announced its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.07. The firm 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%. The business’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted $2.95 EPS. Analysts expect that Eaton Corporation, PLC will post 13.59 EPS for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Tuesday, November 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.40 annualized dividend and a yield of 1.2%. Eaton’s dividend payout ratio is presently 44.76%.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of recent analyst reports. Raymond James Financial boosted their price target on shares of Eaton from $465.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Eaton from $512.00 to $526.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. Wells Fargo & Company initiated coverage on shares of Eaton in a research note on Thursday, September 24th. They set an “overweight” rating and a $503.00 target price for the company. Morgan Stanley boosted their target price on shares of Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, Weiss Ratings downgraded Eaton from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. One equities research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $484.10.

Trending Headlines about Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Unusually heavy options activity points to bullish positioning, with investors purchasing 23,934 call options—roughly 225% above average call volume. However, options activity is speculative and does not guarantee further gains.
• Positive Sentiment: Eaton’s aerospace business provides an additional growth avenue beyond electrical equipment. The segment represented 15.5% of 2025 sales and benefits from aviation demand and recurring aftermarket revenue. Eaton’s Aerospace Business Broadens Growth Beyond Electrical
• Positive Sentiment: Strong data-center and grid investment remains the central bullish thesis. Robust results and rising deferred revenue at peer Vertiv suggest that demand for data-center power and cooling infrastructure remains strong rather than slowing. Plugging In: Vertiv Cashes In On AI Demand
• Neutral Sentiment: Analysts are focused on Eaton’s third-quarter revenue, earnings and operating metrics, with expectations shaped by data-center demand and recent acquisitions. The earnings report and management guidance will determine whether the company can meet the high bar set by its prior quarter’s adjusted EPS beat. Ahead of Eaton Q3 Earnings
• Negative Sentiment: Eaton trades at a premium valuation, increasing the risk that even solid results may not satisfy investors. Comparisons with nVent highlight concerns over relative share performance, tariffs and execution, while the stock’s recent decline reflects rising caution ahead of earnings. Eaton vs. nVent: Which Electrical Equipment Stock Has an Edge?

Insider Activity at Eaton

In related news, Director Gerald Johnson acquired 130 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Wadecki sold 525 shares of Eaton stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the completion of the sale, the insider directly owned 1,054 shares in the company, valued at approximately $464,329.16. This represents a 33.25% decrease in their position. 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.