69,707 Shares of Eaton Corporation, PLC $ETN Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 69,707 shares of the industrial products company’s stock, valued at approximately $30,202,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Security National Bank of SO Dak bought a new position in shares of Eaton in the second quarter worth approximately $26,000. Manning & Napier Advisors LLC purchased a new stake in Eaton in the second quarter valued at approximately $27,000. Curry Webb Wealth Management LLC purchased a new stake in Eaton in the third quarter valued at approximately $29,000. CKW Financial Group lifted its position in Eaton by 1,825.0% during the third quarter. CKW Financial Group now owns 77 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 73 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new stake in Eaton during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

Shares of NYSE:ETN opened at $391.68 on Wednesday. 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 stock has a market cap of $152.13 billion, a PE ratio of 39.85, a PEG ratio of 2.12 and a beta of 1.15. The company’s fifty day moving average is $409.63 and its 200 day moving average is $396.56. Eaton Corporation, PLC has a 52 week low of $311.92 and a 52 week high of $478.00.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.54 by $0.14. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The business had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same period in the prior year, the business posted $3.07 earnings per share. The company’s revenue was up 28.0% on a year-over-year basis. Research analysts anticipate that Eaton Corporation, PLC will post 13.59 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Tuesday, November 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th. Eaton’s payout ratio is 44.76%.

Insider Transactions at Eaton

In related news, Director Gerald Johnson bought 130 shares of the company’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 acquisition, the director directly owned 1,829 shares of the company’s stock, valued at $833,841.10. The trade was a 7.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heath Monesmith sold 18,036 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 50,368 shares in the company, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Key Stories Impacting Eaton

Here are the key news stories impacting Eaton this week:

• Positive Sentiment: Adjusted third-quarter earnings of $3.68 per share topped the $3.54 consensus, while revenue rose 28% year over year to a record $8.95 billion. Organic sales increased 19%. Eaton Q3 Earnings Top Estimates on Strong Organic Sales, View Up
• Positive Sentiment: Orders reached records across all three segments, and Electrical backlog expanded 46%. Eaton raised its organic-growth guidance, citing accelerating demand that includes data-center infrastructure. Eaton Reports Record Third Quarter 2026 Results
• Positive Sentiment: A Bernstein research call argued that political risks to U.S. data-center construction were overstated, helping lift Eaton and other power-infrastructure shares. This could ease a concern that had weighed on the AI-infrastructure trade. Data-center fears called overblown
• Negative Sentiment: GAAP EPS was $2.77, below adjusted EPS of $3.68; amortization and acquisition-related charges contributed to the gap. Higher interest costs tied to acquisitions and cash conversion remain execution points for investors. Eaton Sales Up 28%; GAAP EPS Rises Just 7%
• Negative Sentiment: Despite the earnings beat, recent weakness across AI-power stocks reflects lingering concerns about data-center spending and the sustainability of AI-related investment. Eaton Earnings Are Rock Solid. It Won’t Be Enough to Ease AI Concerns.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ETN shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Eaton from $493.00 to $521.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $534.00 price objective (up from $509.00) on shares of Eaton in a report on Monday, August 3rd. BMO Capital Markets upped their target price on shares of Eaton from $477.00 to $487.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley increased their target price on Eaton from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $484.14.

Eaton Company Profile

Eaton Corporation plc is a global intelligent power management company that helps businesses, utilities, data centers, manufacturers and other organizations manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its solutions support applications ranging from power distribution and backup systems to industrial automation, building infrastructure and transportation.

The company’s Electrical segment provides products and systems such as circuit breakers, switchgear, power distribution equipment, surge protection, energy management software and data center power solutions.