Eaton Corporation, PLC $ETN Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in Eaton Corporation, PLC (NYSE:ETN) by 13.9% during the second quarter, Holdings Channel.com reports. The firm owned 63,262 shares of the industrial products company’s stock after purchasing an additional 7,709 shares during the period. NEOS Investment Management LLC’s holdings in Eaton were worth $26,957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hilton Head Capital Partners LLC acquired a new position in Eaton in the fourth quarter valued at about $26,000. Sfam LLC purchased a new stake in shares of Eaton in the 4th quarter valued at approximately $27,000. Manning & Napier Advisors LLC acquired a new position in shares of Eaton in the 2nd quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Eaton in the 4th quarter worth approximately $28,000. Finally, Boreal Capital Management LLC purchased a new position in shares of Eaton during the 1st quarter worth approximately $33,000. 82.97% of the stock is owned by institutional investors and hedge funds.

More Eaton News

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Eaton plans to invest more than $242 million in a 1-million-square-foot facility in North Little Rock, Arkansas. The plant is expected to double Fibrebond’s U.S. capacity for customized electrical enclosures and create approximately 1,200 jobs, helping address supply constraints tied to data centers, utilities and broader electrification. Eaton to Boost U.S. Power Capacity With $242M Arkansas Plant
• Positive Sentiment: Analyst valuation work raised Eaton’s estimated fair value to $475.57 from $464.59, citing AI-related data-center demand, a strong project backlog and improved visibility into electrical-sector growth. Several published price targets are above the revised valuation. Eaton Stock Gets Fair Value Bump As Analysts Back AI Data Center Growth
• Positive Sentiment: Recent results showed continued operating momentum: Eaton beat quarterly earnings expectations, reported revenue growth of 21.4% year over year and issued third-quarter and full-year 2026 earnings guidance that supports the bullish growth narrative.
• Neutral Sentiment: CEO Paulo Ruiz will discuss Eaton’s growth strategy, portfolio transformation and demand across data centers, utilities and aerospace at Morgan Stanley’s Laguna Conference on September 16. The event could provide additional guidance on orders and execution. Eaton to Participate in the Morgan Stanley Laguna Conference
• Neutral Sentiment: High trading volume in Eaton put options indicates some investors are hedging or positioning for weakness, but options activity alone does not establish a clear directional signal. Investors Buy High Volume of Eaton Put Options
• Negative Sentiment: Commentary warns that Eaton’s strong secular growth story is already reflected in a relatively demanding valuation, potentially limiting further gains. Separately, Vertiv’s acquisition of UtilityInnovation Group highlights increasing competition to solve data-center power bottlenecks. Eaton Strong Secular Growth, But Valuation Limits Upside

Analysts Set New Price Targets

A number of brokerages have issued reports on ETN. Weiss Ratings raised Eaton from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 28th. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a research report on Monday, August 3rd. Morgan Stanley boosted their price objective on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Robert W. Baird set a $500.00 target price on Eaton and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Eaton has a consensus rating of “Buy” and a consensus target price of $442.00.

Insider Activity

In other news, Director Gerald Johnson acquired 130 shares of Eaton stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the acquisition, the director owned 1,829 shares of the company’s stock, valued at $833,841.10. This trade represents a 7.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam Wadecki sold 525 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider owned 1,054 shares of the company’s stock, valued at approximately $464,329.16. The trade was a 33.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Eaton Trading Up 3.5%

NYSE:ETN opened at $411.08 on Friday. Eaton Corporation, PLC has a 12-month low of $311.92 and a 12-month high of $478.00. The firm has a market cap of $159.66 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.51 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. The stock has a fifty day moving average price of $415.42 and a 200 day moving average price of $398.19.

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

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a $1.10 dividend. 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 dividend payout ratio is currently 44.76%.

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.