1,528 Eaton Corporation, PLC $ETN Shares Purchased by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lifted its stake in Eaton Corporation, PLC (NYSE:ETN) by 37.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,569 shares of the industrial products company’s stock after acquiring an additional 1,528 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Eaton were worth $2,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings 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 during the last quarter. National Pension Service boosted its holdings in Eaton by 3.5% in the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock worth $368,479,000 after purchasing an additional 29,436 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings 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 purchasing an additional 178,000 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in Eaton by 12.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company’s stock worth $95,442,000 after purchasing an additional 28,815 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. grew its position in Eaton by 0.5% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 204,380 shares of the industrial products company’s stock worth $73,101,000 after purchasing an additional 1,025 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Trending Headlines about Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to $526 from $512 and maintained an “outperform” rating, implying substantial upside from recent trading levels. Royal Bank of Canada raises Eaton price target
• Positive Sentiment: Deutsche Bank increased its Eaton price target to $521 from $493, reinforcing analyst confidence in the company’s growth prospects. Deutsche Bank raises Eaton price target
• Positive Sentiment: Erste Group lifted its FY2027 EPS forecast to $16.12 from $16.00 and its FY2026 estimate to $13.57 from $13.55, reflecting modestly improved earnings expectations. Erste Group raises Eaton earnings estimates
• Positive Sentiment: A favorable investment case highlights Eaton’s strong backlog, margin-recovery potential and participation in the AI data-center buildout, which could support future revenue and earnings growth. Eaton strong backlog and margin recovery support buy case
• Neutral Sentiment: Eaton trades at roughly 43 times earnings, a premium to peers such as Emerson Electric and Parker Hannifin. The premium reflects faster sales growth, but Eaton’s operating-margin conversion is weaker than that of many competitors. Is Eaton stock worth more than its competitors?

Eaton Stock Performance

ETN opened at $408.05 on Thursday. The company’s 50 day moving average is $425.12 and its 200 day moving average is $410.06. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.91. The company has a market cap of $158.49 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 2.49 and a beta of 1.13. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00.

Eaton (NYSE:ETN) last announced its earnings results on Friday, July 31st. The industrial products company reported $3.15 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 business had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. During the same period in the prior year, the company earned $2.95 earnings per share. The firm’s 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 research analysts predict that Eaton Corporation, PLC will post 13.57 EPS for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders 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 dividend yield of 1.1%. Eaton’s payout ratio is presently 44.76%.

Insider Transactions at Eaton

In other news, insider Heath Monesmith sold 18,036 shares of the company’s stock in a transaction 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 sale, the insider directly owned 50,368 shares in the company, valued at $23,070,558.72. This represents a 26.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gerald Johnson bought 130 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was bought 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 in the company, valued at $833,841.10. This trade represents a 7.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ETN has been the subject of a number of research reports. Rothschild & Co Redburn boosted their target price on shares of Eaton from $386.00 to $403.00 and gave the company a “neutral” rating in a research note on Wednesday, September 30th. HSBC raised their price target on Eaton from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Raymond James Financial lifted their price objective on Eaton from $465.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Eaton from $512.00 to $526.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $534.00 target price (up from $509.00) on shares of Eaton in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $481.41.

Eaton Company Profile

Eaton Corporation plc (NYSE: ETN) is a global power management company that helps customers manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its products and systems serve commercial, industrial, utility, data center, residential, aerospace, vehicle and mobility applications.

The company’s electrical businesses provide circuit protection and control equipment, power distribution systems, connectivity solutions, backup power and other technologies used to support critical infrastructure and improve energy efficiency.