16,302 Eaton Corporation, PLC $ETN Shares Acquired by Victory Financial Group LLC

Victory Financial Group LLC grew its holdings in Eaton Corporation, PLC (NYSE:ETN) by 1,171.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 17,694 shares of the industrial products company’s stock after buying an additional 16,302 shares during the quarter. Eaton comprises approximately 0.7% of Victory Financial Group LLC’s holdings, making the stock its 25th largest holding. Victory Financial Group LLC’s holdings in Eaton were worth $7,603,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 1,120,567 shares in the last quarter. National Pension Service increased its holdings in Eaton by 3.5% during the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock valued at $368,479,000 after buying an additional 29,436 shares during the period. AMF Tjanstepension AB increased its holdings in Eaton by 1.4% during the third 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 raised its stake in Eaton by 112.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock worth $120,199,000 after buying an additional 178,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Eaton by 87.1% in the third 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 in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, insider Adam A. Wadecki sold 525 shares of Eaton stock in a transaction that occurred 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 directly owned 1,054 shares in the company, valued at $464,329.16. This trade represents a 33.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heath B. Monesmith sold 18,036 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Positive earnings expectations: Zacks says Eaton has factors supporting a likely earnings beat in next week’s report. Analysts expect earnings growth, building on the company’s latest quarter, when revenue rose 21.4% year over year and EPS exceeded consensus estimates. Eaton Earnings Expected to Grow
• Positive Sentiment: Analysts raise long-term estimates: Zacks Research increased its Q3 2027 EPS estimate to $4.35 from $4.25 and its Q3 2028 estimate to $4.70 from $4.58. Higher forecasts suggest improving confidence in Eaton’s growth outlook. Eaton Stock Gets Increased EPS Forecast
• Positive Sentiment: Dividend maintained: Eaton declared a quarterly dividend of $1.10 per ordinary share, payable November 27 to shareholders of record November 10. The company has paid annual dividends since 1923, reinforcing its shareholder-return profile. Eaton Declares Quarterly Dividend
• Positive Sentiment: AI and data-center exposure: Investor commentary highlights Eaton’s data-center business as a beneficiary of expanding AI infrastructure investment, supporting the broader growth narrative around intelligent power management. Eaton Data Center Business and AI Infrastructure
• Neutral Sentiment: Eaton recently outperformed the broader market, indicating favorable near-term momentum, although the report provided no new company-specific fundamental information. Eaton Outpaces Stock Market Gains

Eaton Trading Up 3.2%

Shares of ETN stock opened at $383.78 on Wednesday. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The business’s fifty day simple moving average is $413.39 and its 200-day simple moving average is $395.18. The company has a market cap of $149.06 billion, a PE ratio of 39.04 and a beta of 1.13.

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 business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.16 billion. During the same period in the prior year, the company earned $2.95 earnings per share. The company’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, equities analysts forecast that Eaton Corporation, PLC will post 13.59 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s payout ratio is presently 44.76%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Eaton from $512.00 to $526.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. UBS Group upgraded Eaton from a “neutral” rating to a “buy” rating and lifted their price target for the company from $450.00 to $515.00 in a report on Monday, September 7th. Robert W. Baird set a $500.00 price target on Eaton and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Rothschild & Co Redburn upped their price objective on Eaton from $386.00 to $403.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 30th. Finally, Raymond James Financial raised their price objective on Eaton from $465.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.10.

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.