Fifth Third Bancorp Sells 15,281 Shares of Eaton Corporation, PLC $ETN

Fifth Third Bancorp lessened its holdings in Eaton Corporation, PLC (NYSE:ETN) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 453,581 shares of the industrial products company’s stock after selling 15,281 shares during the period. Fifth Third Bancorp owned about 0.12% of Eaton worth $194,908,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position in shares of Eaton by 87.1% in 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 acquiring an additional 131,624 shares in the last quarter. Sustainable Growth Advisers LP purchased a new stake in shares of Eaton during the 3rd quarter worth $85,752,000. Wedmont Private Capital lifted its stake in shares of Eaton by 69.6% during the 3rd quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company’s stock worth $4,845,000 after purchasing an additional 4,684 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Eaton by 5.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company’s stock valued at $29,529,000 after purchasing an additional 3,638 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Eaton by 48.2% during the third quarter. IFP Advisors Inc now owns 16,026 shares of the industrial products company’s stock valued at $6,887,000 after purchasing an additional 5,212 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 1.8%

Shares of Eaton stock opened at $360.74 on Thursday. The firm’s 50 day simple moving average is $402.71 and its two-hundred day simple moving average is $396.94. The firm has a market capitalization of $140.15 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.23 and a beta of 1.15. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $3.68 EPS for the quarter, topping the consensus estimate of $3.54 by $0.14. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.53 billion. Eaton had a net margin of 12.18% and a return on equity of 25.09%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.07 earnings per share. Analysts predict that Eaton Corporation, PLC will post 13.78 EPS for the current year.

Eaton Announces Dividend

The company 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 $1.10 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Eaton’s dividend payout ratio (DPR) is 43.96%.

Latest Eaton News

Investors following ETN have been watching these news items:

• Positive Sentiment: Potentially large AI-infrastructure investment could support demand for Eaton’s electrical equipment: one report projects hyperscalers’ 2027 capital spending at $1.3 trillion. Hyperscaler capital spending and Eaton
• Positive Sentiment: Recent coverage points to record third-quarter sales and another increase to Eaton’s 2026 outlook. The supplied earnings figures also show revenue and EPS ahead of consensus, supporting the growth case. Record Q3 sales and raised outlook
• Neutral Sentiment: JPMorgan and Jefferies initiated coverage with neutral ratings and $395 price targets. The targets imply potential upside from the quoted share prices, but the ratings signal a measured view. JPMorgan coverage Jefferies coverage

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Mizuho set a $485.00 target price on Eaton in a research note on Wednesday, November 4th. Deutsche Bank increased their price target on shares of Eaton from $493.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. UBS Group upgraded shares of Eaton from a “neutral” rating to a “buy” rating and raised their price target for the company from $450.00 to $515.00 in a report on Monday, September 7th. BNP Paribas Exane lifted their price objective on shares of Eaton from $490.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, HSBC boosted their price objective on shares of Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $476.86.

Eaton Company Profile

Eaton is a global power management company that designs and manufactures products and services intended to help customers manage electrical, hydraulic and mechanical power. Founded in 1911, the company serves customers across a range of industries, including utilities, commercial buildings, data centers, aerospace and transportation. Its offerings include electrical distribution and circuit protection equipment, power quality and backup systems, and power management software and services. Eaton also makes aerospace components and systems, as well as products for vehicle powertrains and related applications.