Eaton Corporation, PLC $ETN Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors cut its holdings in Eaton Corporation, PLC (NYSE:ETN) by 57.3% in the third quarter, HoldingsChannel reports. The firm owned 1,131 shares of the industrial products company’s stock after selling 1,516 shares during the period. Kelleher Financial Advisors’ holdings in Eaton were worth $486,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Eaton by 19.6% during the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock valued at $2,909,235,000 after buying an additional 1,120,567 shares in the last quarter. Sustainable Growth Advisers LP bought a new stake in shares of Eaton during the 3rd quarter worth about $85,752,000. Clal Insurance Enterprises Holdings Ltd boosted 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 in the last quarter. Munich Reinsurance Co Stock Corp in Munich boosted its stake in shares of Eaton by 24,986.3% during the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 154,281 shares of the industrial products company’s stock worth $55,182,000 after acquiring an additional 153,666 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Eaton during the 2nd quarter valued at about $64,858,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Eaton

In other Eaton news, Director Gerald Johnson bought 130 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director directly owned 1,829 shares of the company’s stock, valued at $833,841.10. This represents a 7.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Heath Monesmith sold 18,036 shares of Eaton stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $458.04, for a total value of $8,261,209.44. Following the completion of the transaction, the insider directly owned 50,368 shares in the company, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Eaton News Summary

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton reported record third-quarter sales of $8.95 billion, up 28% year over year, and adjusted EPS of $3.68, topping the $3.54 consensus. Organic sales rose 19%, orders reached records, and the company raised its 2026 organic-growth outlook. Eaton Q3 results
• Positive Sentiment: Management pointed to stronger 2027 demand, a record electrical backlog and growing Boyd Thermal revenue, which benefits from demand for chip cooling. RBC raised its 2026 and 2027 EPS estimates and increased its price target to $539, maintaining an “outperform” rating. Eaton earnings call outlook
• Neutral Sentiment: Analyst price-target moves were mixed: HSBC raised its target to $505, while Jefferies and Wells Fargo lowered theirs to $500 and $485, respectively. HSBC price-target update
• Negative Sentiment: The immediate pressure appears tied to a broad post-election pullback in industrial and AI-related stocks, with investors questioning whether political uncertainty could weigh on data-center construction and AI spending. Eaton’s after-hours drop followed that weakness, despite its strong results. Industrial stocks and election concerns
• Negative Sentiment: There are also questions about how much of the strong sales growth will translate into bottom-line gains: one earnings analysis noted GAAP EPS rose more slowly than sales, with acquisition-related costs and higher interest expense weighing on profits. Eaton earnings analysis

Analyst Ratings Changes

ETN has been the topic of a number of recent analyst reports. UBS Group raised Eaton from a “neutral” rating to a “buy” rating and raised their price objective for the company from $450.00 to $515.00 in a research note on Monday, September 7th. Wells Fargo & Company reduced their target price on Eaton from $503.00 to $485.00 and set an “overweight” rating for the company in a report on Wednesday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $534.00 target price (up from $509.00) on shares of Eaton in a research report on Monday, August 3rd. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Rothschild & Co Redburn lifted their price target on shares of Eaton from $386.00 to $403.00 and gave the company a “neutral” rating in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $483.91.

Eaton Stock Down 10.0%

Eaton stock opened at $352.38 on Thursday. The firm has a market cap of $136.86 billion, a price-to-earnings ratio of 35.20, a P/E/G ratio of 2.27 and a beta of 1.15. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 0.79. Eaton Corporation, PLC has a fifty-two week low of $311.92 and a fifty-two week high of $478.00. The firm has a fifty day moving average price of $408.50 and a two-hundred day moving average price of $396.65.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.54 by $0.14. The company had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.07 earnings per share. As a group, analysts forecast that Eaton Corporation, PLC will post 13.59 earnings per share for the current 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 paid 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%.

Eaton 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.