Eaton Q4 Revenue Rises 13.1%, Sets FY2026 EPS Forecast of $13.00–$13.50
Eaton reported Q4 EPS of $3.33 on $7.06B revenue, up 13.1% year-over-year, matching consensus, and set Q1 EPS guidance of $2.65–2.85 and FY2026 EPS guidance of $13.00–$13.50. Mizuho raised its price target to $425, JPMorgan cut to $406, and analysts maintain a $387.20 average target and overweight or outperform ratings.
1. Altrius Capital Management Reduces Stake Significantly
In its latest SEC filing for the third quarter, Altrius Capital Management Inc trimmed its position in Eaton Corporation by 20.3%, disposing of 5,961 shares and ending the period with 23,336 shares. This reduction positions Eaton as the fund’s 15th largest holding, representing 2.0% of its total portfolio. At quarter-end, the stake was valued at approximately $8.73 million, reflecting Altrius’s strategic reallocation within its industrial product exposure.
2. Other Institutional Investors Adjust Positions
Several smaller asset managers adjusted their Eaton positions during the same period. WFA of San Diego LLC initiated a stake valued at about $36,000, while Grey Fox Wealth Advisors LLC and Cloud Capital Management LLC each added new positions worth approximately $70,000 and $72,000 respectively. Salomon & Ludwin LLC increased its holdings by 142.3%, acquiring 101 additional shares for a total stake valued at $62,000. SOA Wealth Advisors LLC boosted its stake by 47.1% to 200 shares, now valued at $75,000. Overall, institutional investors collectively control 82.97% of Eaton’s outstanding shares.
3. Analyst Ratings and Price Objective Revisions
Equity research firms have maintained a broadly positive outlook on Eaton. Mizuho raised its price target from $385 to $425 and reiterated its outperform rating. Sanford C. Bernstein upheld its outperform stance, while Morgan Stanley maintained an overweight recommendation with a $425 target. Conversely, JPMorgan Chase lowered its target from $440 to $406 yet kept an overweight rating. Weiss Ratings reaffirmed a buy (b–) view. Among 23 covering analysts, two rate the shares as strong buy, fourteen as buy and seven as hold, yielding an average consensus rating of Moderate Buy and an average price objective of $387.20.
4. Recent Operating Results and Guidance
In its fourth-quarter release, Eaton reported adjusted EPS of $3.33, matching consensus estimates, and revenue of $7.06 billion, up 13.1% year-over-year but below the $7.15 billion forecast. The company achieved a net margin of 14.9% and a return on equity of 25.0%. For Q1 fiscal 2026, Eaton set guidance of $2.65–2.85 EPS and full-year targets of $13.00–13.50 EPS. Analysts currently project full-year EPS of $12.02, reflecting confidence in continued top-line growth from its electrical distribution, hydraulics and aerospace end markets.