TD Waterhouse Canada Inc. Increases Stock Holdings in Eaton Corporation, PLC $ETN

TD Waterhouse Canada Inc. boosted its stake in Eaton Corporation, PLC (NYSE:ETN) by 6.7% during the second quarter, Holdings Channel.com reports. The fund owned 188,970 shares of the industrial products company’s stock after purchasing an additional 11,804 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Eaton were worth $77,973,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ETN. Hilton Head Capital Partners LLC purchased a new position in Eaton during the fourth quarter valued at $26,000. Manning & Napier Advisors LLC purchased a new stake in shares of Eaton during the second quarter worth about $27,000. Sfam LLC acquired a new position in shares of Eaton during the 4th quarter worth about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Eaton during the 4th quarter worth about $28,000. Finally, Boreal Capital Management LLC purchased a new position in Eaton in the 1st quarter valued at about $33,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Up 1.4%

NYSE ETN opened at $396.47 on Friday. The business’s fifty day simple moving average is $415.27 and its 200-day simple moving average is $398.10. 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 firm has a market cap of $153.99 billion, a PE ratio of 40.33, a P/E/G ratio of 2.47 and a beta of 1.17. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm had revenue of $8.53 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. Eaton’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, equities analysts anticipate that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 44.76%.

Analysts Set New Price Targets

Several research firms have commented on ETN. Sanford C. Bernstein reiterated an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. Royal Bank Of Canada raised their target price on Eaton from $484.00 to $512.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Wall Street Zen lowered Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. BMO Capital Markets increased their price objective on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Eaton presently has an average rating of “Buy” and a consensus target price of $442.00.

Key Headlines Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton plans to invest more than $242 million in a new North Little Rock, Arkansas, manufacturing facility for modular electrical enclosures. The project is intended to expand U.S. capacity and serve growing demand from data centers, utilities and other critical-infrastructure customers, reinforcing Eaton’s long-term growth outlook. Eaton expands manufacturing for modular electrical enclosures
• Positive Sentiment: Zacks Research issued a favorable forecast for Eaton’s third-quarter earnings. The view aligns with the company’s recent revenue growth, earnings beat and strong demand across electrical, aerospace and data-center markets. Zacks Research Has Positive Forecast for Eaton Q3 Earnings
• Positive Sentiment: Eaton’s supplier-recognition program, including awards to Formerra and Advanced Technology Services, highlights the company’s extensive supply-chain relationships and efforts to support execution as production expands. The announcements are strategically positive but have limited direct earnings impact. Formerra Receives 2026 Eaton Supplier Excellence Award
• Neutral Sentiment: CEO Paulo Ruiz will discuss Eaton’s growth strategy, portfolio transformation and demand trends at Morgan Stanley’s Laguna Conference on September 16. Investors may look for additional guidance, but no new financial targets were announced. Eaton to participate in the Morgan Stanley Laguna Conference
• Negative Sentiment: Analysts continue to caution that Eaton’s strong secular growth is already reflected in its valuation, with a price-to-earnings ratio above 40. This could limit upside and increase sensitivity to any execution or earnings disappointment. Eaton: Strong Secular Growth, But Valuation Limits Upside
• Negative Sentiment: Reports of unusually high trading volume in Eaton put options indicate some investors are positioning for downside or hedging existing holdings. Options activity is not definitive, but it adds a cautious signal around the stock. Investors Buy High Volume of Eaton Put Options

Insider Transactions at Eaton

In other Eaton news, insider Heath B. Monesmith sold 18,036 shares of the firm’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 completion of the sale, the insider owned 50,368 shares of the company’s stock, valued at $23,070,558.72. This trade represents a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total value of $231,283.50. Following the completion of the sale, the insider owned 1,054 shares in the company, valued at $464,329.16. This represents a 33.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

About Eaton

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.