True North Advisors 13F: New $599K Stake in Eaton (ETN)

True North Advisors opened a new position in Eaton Corporation plc NYSE:ETN, acquiring 1,393 shares valued at about $598,586. The investment was revealed in a Form 13F filing with the Securities and Exchange Commission on October 22, 2026. The stock closed at $368.99 on the filing date.

ETN Eaton Corporation plc

$368.74 ▲ +13.60% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in True North Advisors's Eaton Corporation plc Position

The firm initiated a brand-new stake in the power management company, picking up 1,393 shares with a total reported value of $598,586. Because this is a newly established holding, there was no prior share count or percentage change to report.

Other Institutional Activity in Eaton Corporation plc

Other large investors also shifted their holdings around the same time. Fideuram - Intesa Sanpaolo Private Banking S.P.A. grew its stake by 37.2% to 64,283 shares worth $27,623,057. AMF Tjanstepension raised its position by 1.4% to end with 364,814 shares valued at $156,764,224. Silvercrest Asset Management Group lifted its holdings by 10.3% to 342,929 shares worth $146,128,903. Waverly Advisors added 1,967 shares for a total of 38,154 shares valued at $16,258,182. Meanwhile, Vaughan Nelson Investment Management, L.P. trimmed its holdings by 1.2% to 363,880 shares worth $155,056,544.

Eaton Corporation plc Stock Down 3.5%

Eaton recently traded around $368.73 as of October 23, 2026, sitting below its 50-day moving average of $420.01 and its 200-day moving average of $395.16. The stock has traded between a 52-week low of $311.92 and a 52-week high of $478.00.

Recent Earnings

Eaton posted trailing twelve month revenue of $30.03 billion and earnings of $9.83 per share. The company reported a net profit margin of 12.8% and a return on equity of 19.7%. Investors look toward the next earnings release scheduled for November 3, 2026.

Dividend

The company pays an annual dividend of $4.40 per share, yielding 1.12% with a payout ratio of 43.5%.

Insider Buying and Selling at Eaton Corporation plc

Company insiders completed several transactions prior to the filing. Director Dorothy C. Thompson sold 167 shares on May 22, 2026, at an average price of $385.00 for a total value of $64,295. Officer Adam A. Wadecki disposed of 525 shares on August 4, 2026, at $440.54 per share totaling $231,285. Officer Heath B. Monesmith sold 18,036 shares on August 11, 2026, at $458.04 per share for $8,261,224. Additionally, Director Gerald Johnson bought 200 shares on August 13, 2026, valued at $92,162.

Analysts Set New Price Targets

Wall Street firms have actively updated their views on the stock. On August 28, 2026, Morgan Stanley maintained an overweight rating and raised its target to $520.00. UBS upgraded the stock to a buy rating on September 8, 2026, lifting its target to $515.00. Wells Fargo initiated coverage with an overweight rating and a $503.00 target on September 25, 2026. Citigroup maintained a buy rating on October 12, 2026, adjusting its target to $498.00. RBC Capital kept an outperform rating with a $526.00 target on October 14, 2026. Wall Street maintains an overall buy consensus on the stock with a mean price target of $485.47.

About Eaton Corporation plc

Eaton Corporation plc operates as a power management company across electrical, aerospace, vehicle, and eMobility markets, providing solutions that help customers manage electrical, mechanical, and hydraulic power efficiently.

Bottom Line

True North Advisors's new position highlights ongoing institutional interest in the industrial machinery sector. Investors will monitor upcoming earnings results on November 3, 2026, for further updates on financial performance.