Rhumbline Advisers Has $241.24 Million Stock Position in Eaton Corporation, PLC $ETN

Rhumbline Advisers reduced its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 6.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 644,606 shares of the industrial products company’s stock after selling 45,306 shares during the period. Rhumbline Advisers’ holdings in Eaton were worth $241,244,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mediolanum International Funds Ltd lifted its position 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 worth $37,483,000 after buying an additional 51,255 shares in the last quarter. Baird Financial Group Inc. increased its position 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 second quarter worth about $8,032,000. SG Americas Securities LLC boosted its position in Eaton by 12.5% during the second 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 during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its stake in Eaton by 9.8% in the third 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 in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

ETN has been the subject of several recent analyst reports. Barclays cut their price objective on Eaton from $362.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company lifted their price objective on shares of Eaton from $340.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a $360.00 target price (down from $440.00) on shares of Eaton in a report on Sunday, January 4th. Finally, KeyCorp raised their target price on shares of Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and a consensus price target of $389.89.

Insider Activity at Eaton

In other Eaton news, Director Gerald Johnson purchased 200 shares of the company’s stock in a transaction dated 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 transaction, the director owned 400 shares in the company, valued at approximately $135,956. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

Eaton Stock Performance

NYSE:ETN opened at $377.70 on Wednesday. The stock has a 50 day simple moving average of $336.77 and a 200 day simple moving average of $354.11. The stock has a market cap of $146.70 billion, a P/E ratio of 36.11, a PEG ratio of 2.60 and a beta of 1.20. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The company has a current ratio of 1.32, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

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 analysts’ consensus estimates of $3.33. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.15 billion. Eaton had a return on equity of 25.00% and a net margin of 14.89%.The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.83 earnings per share. Eaton has set its Q1 2026 guidance at 2.650-2.850 EPS and its FY 2026 guidance at 13.000-13.500 EPS. Research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton 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.