TD Waterhouse Canada Inc. Grows Stake in Eaton Corporation, PLC $ETN

TD Waterhouse Canada Inc. grew its position in Eaton Corporation, PLC (NYSE:ETN) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,970 shares of the industrial products company’s stock after buying an additional 11,804 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Eaton were worth $77,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC raised its stake in Eaton by 17.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after buying an additional 136 shares in the last quarter. Empowered Funds LLC lifted its holdings in Eaton by 5.6% during the first quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock worth $2,556,000 after buying an additional 496 shares during the period. Vista Capital Partners Inc. purchased a new position in shares of Eaton in the 2nd quarter valued at $259,000. Finally, Tandem Wealth Advisors LLC raised its position in shares of Eaton by 70.1% in the 2nd quarter. Tandem Wealth Advisors LLC now owns 2,216 shares of the industrial products company’s stock worth $791,000 after acquiring an additional 913 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Evercore upgraded Eaton from an “in-line” rating to an “outperform” rating and set a $502.00 target price on the stock in a research note on Monday, August 3rd. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research note on Monday, August 3rd. BMO Capital Markets increased their price objective on Eaton from $477.00 to $487.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada boosted their target price on Eaton from $484.00 to $512.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Eaton currently has an average rating of “Buy” and an average price target of $442.00.

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson purchased 130 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $455.90 per share, with a total value of $59,267.00. Following the completion of the acquisition, the director owned 1,829 shares of the company’s stock, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heath B. Monesmith sold 18,036 shares of the firm’s stock in a transaction 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 sale, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. This represents a 26.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Eaton Stock Performance

Shares of NYSE ETN opened at $396.47 on Friday. The company has a 50 day simple moving average of $415.27 and a two-hundred day simple moving average of $398.10. The stock has a market cap of $153.99 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.47 and a beta of 1.17. 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 12 month low of $311.92 and a 12 month high of $478.00.

Eaton (NYSE:ETN) last issued its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.07. The firm had revenue of $8.53 billion during the quarter, compared to analysts’ expectations of $8.16 billion. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.95 earnings per share. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. As a group, analysts predict that Eaton Corporation, PLC will post 13.56 earnings per share for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 7th. Eaton’s dividend payout ratio (DPR) is currently 44.76%.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton plans to invest more than $242 million in a new North Little Rock, Arkansas, manufacturing facility for modular electrical enclosures. The project is intended to expand U.S. capacity and serve growing demand from data centers, utilities and other critical-infrastructure customers, reinforcing Eaton’s long-term growth outlook. Eaton expands manufacturing for modular electrical enclosures
• Positive Sentiment: Zacks Research issued a favorable forecast for Eaton’s third-quarter earnings. The view aligns with the company’s recent revenue growth, earnings beat and strong demand across electrical, aerospace and data-center markets. Zacks Research Has Positive Forecast for Eaton Q3 Earnings
• Positive Sentiment: Eaton’s supplier-recognition program, including awards to Formerra and Advanced Technology Services, highlights the company’s extensive supply-chain relationships and efforts to support execution as production expands. The announcements are strategically positive but have limited direct earnings impact. Formerra Receives 2026 Eaton Supplier Excellence Award
• Neutral Sentiment: CEO Paulo Ruiz will discuss Eaton’s growth strategy, portfolio transformation and demand trends at Morgan Stanley’s Laguna Conference on September 16. Investors may look for additional guidance, but no new financial targets were announced. Eaton to participate in the Morgan Stanley Laguna Conference
• Negative Sentiment: Analysts continue to caution that Eaton’s strong secular growth is already reflected in its valuation, with a price-to-earnings ratio above 40. This could limit upside and increase sensitivity to any execution or earnings disappointment. Eaton: Strong Secular Growth, But Valuation Limits Upside
• Negative Sentiment: Reports of unusually high trading volume in Eaton put options indicate some investors are positioning for downside or hedging existing holdings. Options activity is not definitive, but it adds a cautious signal around the stock. Investors Buy High Volume of Eaton Put Options

Eaton Company Profile

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.