Mirae Asset Global Investments Co. Ltd. Purchases 98,446 Shares of Eaton Corporation, PLC $ETN

Mirae Asset Global Investments Co. Ltd. acquired a new position in Eaton Corporation, PLC (NYSE:ETN) in the third quarter, HoldingsChannel.com reports. The fund acquired 98,446 shares of the industrial products company’s stock, valued at approximately $42,303,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of Eaton by 19.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock worth $2,909,235,000 after purchasing an additional 1,120,567 shares during the last quarter. National Pension Service lifted its holdings 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 buying an additional 29,436 shares in the last quarter. AMF Tjanstepension AB boosted its stake in shares of Eaton by 1.4% in the 3rd quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company’s stock valued at $156,764,000 after buying an additional 5,168 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Eaton by 112.6% in the 1st 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. Finally, Assenagon Asset Management S.A. lifted 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 buying an additional 131,624 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on ETN shares. HSBC increased their price target on shares of Eaton from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Argus raised their price objective on Eaton from $475.00 to $528.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. BNP Paribas Exane boosted their price objective on Eaton from $490.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada upped their target price on shares of Eaton from $512.00 to $526.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and a consensus target price of $484.10.

Eaton Stock Performance

Shares of ETN opened at $369.20 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00. The company has a 50-day simple moving average of $411.07 and a 200-day simple moving average of $396.09. The company has a market capitalization of $143.40 billion, a PE ratio of 37.56, a P/E/G ratio of 2.14 and a beta of 1.15.

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, topping analysts’ consensus estimates of $3.08 by $0.07. The company had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.95 earnings per share. Equities research analysts predict that Eaton Corporation, PLC will post 13.59 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced 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 44.76%.

Insider Buying and Selling

In related news, Director Gerald Johnson purchased 130 shares of the firm’s stock in a transaction 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 acquisition, the director directly owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was 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 of the company’s stock, valued at approximately $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

More Eaton News

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?

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.