Rhumbline Advisers Sells 45,306 Shares of Eaton Corporation, PLC $ETN

Rhumbline Advisers cut its stake in Eaton Corporation, PLC (NYSE:ETN) by 6.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 644,606 shares of the industrial products company’s stock after selling 45,306 shares during the period. Rhumbline Advisers owned about 0.17% of Eaton worth $241,244,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ETN. Mediolanum International Funds Ltd lifted its holdings in Eaton by 93.4% during the 2nd quarter. Mediolanum International Funds Ltd now owns 106,114 shares of the industrial products company’s stock valued at $37,483,000 after purchasing an additional 51,255 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Eaton by 8.8% in the second quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock valued at $132,276,000 after acquiring an additional 29,900 shares during the last quarter. Resolute Capital Asset Partners LLC bought a new stake in Eaton during the 2nd quarter worth approximately $8,032,000. SG Americas Securities LLC increased its holdings in Eaton by 12.5% during the 2nd quarter. SG Americas Securities LLC now owns 183,204 shares of the industrial products company’s stock valued at $65,402,000 after purchasing an additional 20,409 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its position in Eaton by 9.8% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 218,072 shares of the industrial products company’s stock valued at $81,613,000 after purchasing an additional 19,505 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Price Performance

Shares of ETN stock opened at $377.70 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.32 and a debt-to-equity ratio of 0.45. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The firm has a fifty day moving average of $336.77 and a 200-day moving average of $354.11. The firm has a market capitalization of $146.70 billion, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 2.60 and a beta of 1.20.

Eaton (NYSE:ETN) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $3.33 earnings per share for the quarter, hitting the consensus estimate of $3.33. Eaton had a return on equity of 25.00% and a net margin of 14.89%.The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.15 billion. During the same period in the previous year, the company posted $2.83 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Eaton has set its Q1 2026 guidance at 2.650-2.850 EPS and its FY 2026 guidance at 13.000-13.500 EPS. On average, equities research analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ETN shares. Mizuho raised their target price on Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. UBS Group restated a “neutral” rating and issued a $360.00 price objective (down previously from $440.00) on shares of Eaton in a research report on Sunday, January 4th. JPMorgan Chase & Co. reduced their target price on shares of Eaton from $440.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. HSBC raised shares of Eaton from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a report on Friday, January 16th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $389.89.

Insider Buying and Selling at Eaton

In related news, Director Gerald Johnson acquired 200 shares of the stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $339.89 per share, with a total value of $67,978.00. Following the completion of the transaction, the director directly owned 400 shares of the company’s stock, valued at approximately $135,956. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

About Eaton

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.