Altrius Cuts Eaton Stake by 20.3% as Analysts Adjust Price Targets
Altrius Capital cut its Eaton position 20.3% to 23,336 shares worth $8.734 million, representing 2% of its portfolio and its 15th-largest holding. Mizuho raised its Eaton price target from $385 to $425 and JPMorgan lowered theirs from $440 to $406, driving the consensus target to $387.20.
1. Altrius Capital Reduces ETN Stake by 20.3%
In the third quarter, Altrius Capital Management Inc. trimmed its position in Eaton Corporation, PLC by 20.3%, selling 5,961 shares and ending the period with 23,336 shares. This reduction brought the holding’s value to $8.73 million, making Eaton the firm’s 15th largest position and representing roughly 2.0% of its total portfolio. The move follows a strategic rebalancing as Altrius adjusts exposure to industrial products amid evolving market dynamics.
2. Other Institutional Investors Modify Positions
Several hedge funds and asset managers also altered their stakes in Eaton during the same period. WFA of San Diego LLC initiated a new position valued at approximately $36,000, while Grey Fox Wealth Advisors LLC and Cloud Capital Management LLC each added new stakes worth around $70,000 and $72,000 respectively. Salomon & Ludwin LLC expanded its holding by 142.3%, acquiring an additional 101 shares for a total of 172 shares, and SOA Wealth Advisors LLC boosted its position by 47.1%, ending with 200 shares valued at $75,000. Overall, institutional investors now control 82.97% of Eaton’s outstanding shares.
3. Analysts Adjust Ratings and Price Targets
In recent weeks, a range of equity research firms have updated their views on Eaton. Mizuho lifted its price objective from $385 to $425 and maintained an outperform rating. Morgan Stanley reiterated its overweight stance with a $425 target, while Sanford C. Bernstein reaffirmed its outperform rating. Conversely, JPMorgan Chase & Co. lowered its target from $440 to $406 but kept an overweight rating, and Weiss Ratings sustained its buy (b-) recommendation. Of the 23 analysts covering the stock, two carry a Strong Buy rating, fourteen recommend Buy and seven assign a Hold, resulting in an average consensus of Moderate Buy and an average price target of $387.20.
4. Q4 2025 Earnings Meet Expectations; 2026 Guidance Provided
Eaton reported fourth-quarter revenue of $7.06 billion, up 13.1% year-over-year, and delivered earnings per share of $3.33, matching consensus estimates. Net margin stood at 14.9% and return on equity at 25.0%. For the first quarter of fiscal 2026, management guided EPS between $2.65 and $2.85, and full-year EPS between $13.00 and $13.50. Analysts currently forecast full-year EPS of approximately $12.02. The company’s strong backlog, particularly in data center and aerospace segments, underpins its outlook and supports expectations for continued margin expansion.