Thurston Springer Miller Herd & Titak Inc. Sells 1,249 Shares of Eaton Corporation, PLC $ETN

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 55.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 992 shares of the industrial products company’s stock after selling 1,249 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Eaton were worth $426,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in Eaton by 19.6% during the 2nd 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 buying an additional 1,120,567 shares in the last quarter. National Pension Service raised its stake in Eaton by 3.5% during the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock valued at $368,479,000 after buying 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 acquiring an additional 178,000 shares in 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 acquiring an additional 28,815 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. grew its stake in shares of Eaton by 0.5% in the first quarter. Bowen Hanes & Co. Inc. now owns 204,380 shares of the industrial products company’s stock worth $73,101,000 after acquiring an additional 1,025 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Royal Bank of Canada raised its price target for Eaton from $512 to $526 and initiated an “outperform” rating, citing meaningful potential upside. Royal Bank of Canada raises Eaton price target
• Positive Sentiment: Deutsche Bank also increased its Eaton price target, from $493 to $521, reinforcing the favorable sell-side outlook. Deutsche Bank raises Eaton price target
• Positive Sentiment: Analysts remain constructive on Eaton’s backlog, expected margin recovery and exposure to the AI data-center buildout. These factors support expectations for continued earnings growth. Eaton strong backlog and margin recovery
• Positive Sentiment: Erste Group modestly lifted its FY2026 EPS forecast to $13.57 and FY2027 estimate to $16.12, broadly confirming expectations for further profit growth.
• Neutral Sentiment: Eaton is viewed as a leading industrial beneficiary of AI data-center investment, but the timing and scale of customer spending remain uncertain across the sector. AI data center race
• Negative Sentiment: At roughly 43 times earnings, Eaton trades at a premium to industrial peers such as Emerson Electric and Parker Hannifin. While revenue growth is strong, its operating-margin conversion trails many competitors, creating concern that the valuation already discounts substantial future growth. Eaton valuation versus competitors

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Argus raised their price target on Eaton from $475.00 to $528.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Morgan Stanley lifted their target price on Eaton from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. UBS Group raised Eaton from a “neutral” rating to a “buy” rating and upped their price target for the company from $450.00 to $515.00 in a report on Monday, September 7th. Wells Fargo & Company assumed coverage on Eaton in a research report on Thursday, September 24th. They set an “overweight” rating and a $503.00 price objective on the stock. Finally, Evercore lifted their price objective on Eaton from $502.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $481.41.

Insider Buying and Selling at Eaton

In other Eaton news, Director Gerald Johnson acquired 130 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price 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 in the company, valued at $833,841.10. This represents a 7.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam A. Wadecki sold 525 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the sale, the insider owned 1,054 shares of the company’s stock, valued at $464,329.16. This trade represents a 33.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Eaton Stock Performance

ETN traded down $18.43 during mid-day trading on Wednesday, reaching $409.88. 1,810,762 shares of the company traded hands, compared to its average volume of 2,500,408. The stock has a market capitalization of $159.20 billion, a P/E ratio of 41.75, a P/E/G ratio of 2.48 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $425.90 and its 200-day moving average price is $409.70. Eaton Corporation, PLC has a 52-week low of $311.92 and a 52-week high of $478.00.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. Eaton had a return on equity of 24.58% and a net margin of 12.75%. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period last year, the business posted $2.95 EPS. The company’s revenue for the quarter 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, sell-side analysts expect that Eaton Corporation, PLC will post 13.57 EPS for the current year.

Eaton Dividend Announcement

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

Eaton 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.