Eaton Corporation, PLC $ETN Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its stake in Eaton Corporation, PLC (NYSE:ETN) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,634 shares of the industrial products company’s stock after buying an additional 9,233 shares during the period. Cullen Frost Bankers Inc.’s holdings in Eaton were worth $60,866,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ETN. Bartlett & CO. Wealth Management LLC lifted its position in Eaton by 457.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 198,567 shares of the industrial products company’s stock worth $70,887,000 after acquiring an additional 162,958 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Eaton by 93.4% during the second quarter. Mediolanum International Funds Ltd now owns 106,114 shares of the industrial products company’s stock worth $37,483,000 after purchasing an additional 51,255 shares in the last quarter. Baird Financial Group Inc. boosted 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 purchasing an additional 29,900 shares during the period. Resolute Capital Asset Partners LLC acquired a new stake in Eaton during the 2nd quarter valued at $8,032,000. Finally, SG Americas Securities LLC increased its stake 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 worth $65,402,000 after buying an additional 20,409 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gerald Johnson bought 200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the completion of the purchase, the director directly owned 400 shares in the company, valued at approximately $135,956. The trade was a 100.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 500 shares of company stock valued at $174,389 in the last three months. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

ETN has been the subject of a number of analyst reports. Sanford C. Bernstein set a $295.00 price objective on shares of Eaton in a research report on Friday, December 19th. Citigroup lowered their price objective on Eaton from $442.00 to $435.00 and set a “buy” rating for the company in a research note on Monday, January 12th. UBS Group reaffirmed a “neutral” rating and issued a $360.00 target price (down from $440.00) on shares of Eaton in a research report on Sunday, January 4th. Mizuho increased 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Eaton from $440.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $384.30.

Eaton Stock Performance

Eaton stock opened at $331.26 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.28 and a quick ratio of 0.79. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The company has a fifty day moving average price of $332.00 and a two-hundred day moving average price of $355.34. The company has a market cap of $128.66 billion, a PE ratio of 33.13, a P/E/G ratio of 2.18 and a beta of 1.20.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.01. Eaton had a net margin of 14.74% and a return on equity of 24.36%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. Research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

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.