Eaton Corporation, PLC $ETN Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG lowered its position in Eaton Corporation, PLC (NYSE:ETN) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,231 shares of the industrial products company’s stock after selling 5,402 shares during the period. Eaton makes up approximately 1.2% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 24th biggest holding. Bank Pictet & Cie Europe AG’s holdings in Eaton were worth $64,556,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings 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 buying an additional 1,120,567 shares during the period. National Pension Service lifted its stake in shares of 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. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of 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 acquiring an additional 178,000 shares during the last quarter. Assenagon Asset Management S.A. boosted 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 valued at $121,501,000 after acquiring an additional 131,624 shares during the period. Finally, Bartlett & CO. Wealth Management LLC boosted its holdings in Eaton by 12.1% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock valued at $95,442,000 after acquiring an additional 28,815 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Stock Down 2.9%

Shares of ETN traded down $11.21 during midday trading on Tuesday, reaching $380.30. 1,365,450 shares of the stock were exchanged, compared to its average volume of 2,518,818. The company has a market capitalization of $147.71 billion, a P/E ratio of 38.76, a PEG ratio of 2.27 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. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00. The company’s 50 day moving average is $421.96 and its two-hundred day moving average is $410.95.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, July 31st. The industrial products company reported $3.15 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $8.16 billion. During the same period in the previous year, the company posted $2.95 earnings per share. The firm’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. On average, sell-side analysts anticipate that Eaton Corporation, PLC will post 13.57 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Eaton’s dividend payout ratio (DPR) is 44.76%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BMO Capital Markets upped their price objective on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Raymond James Financial lifted their target price on Eaton from $465.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Citigroup boosted their target price on shares of Eaton from $485.00 to $498.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, BNP Paribas Exane upped their price target on shares of Eaton from $490.00 to $500.00 and gave the stock an “outperform” 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $484.10.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton’s second-quarter electrical backlog rose 43% year over year, while companywide organic sales increased 14%. The backlog highlights continued demand from data centers, grid modernization and broader electrification, although investors will want evidence that orders convert into durable earnings and cash flow without excessive capital spending. Eaton: Will Its Electrical Backlog Translate Into Lasting Earnings Power?
• Positive Sentiment: The company previously exceeded quarterly expectations, reporting $3.15 in earnings per share versus the $3.08 consensus and revenue of $8.53 billion versus expectations of $8.16 billion. Management’s 2026 guidance calls for third-quarter EPS of $3.46–$3.56 and full-year EPS of $13.40–$13.60.
• Neutral Sentiment: Eaton will release third-quarter results on November 3 and hold an investor conference call the same day. The announcement itself provides no change to guidance, but the upcoming report could clarify backlog conversion, margins, cash flow and demand trends. Eaton to announce third-quarter 2026 earnings
• Negative Sentiment: At roughly 39.7 times earnings, Eaton trades above its recent 12-quarter average multiple of 35.9 times. That premium leaves less room for disappointing guidance or slower backlog conversion, particularly after the stock’s weaker performance than the broader market over the past year. What Could Eaton Stock Be Worth In Three Years?
• Negative Sentiment: Analyst comparisons currently favor Forgent over Eaton as a data-center power investment, citing Forgent’s faster projected earnings growth and backlog coverage. This may be encouraging investors to rotate toward higher-growth alternatives. Forgent vs. Eaton: Which Data Center Power Stock Is the Better Buy?

Insider Activity

In other news, insider Heath B. Monesmith sold 18,036 shares of the stock in a transaction that occurred 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. This trade represents a 26.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson acquired 130 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost 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 $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

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.