Arete Wealth Advisors LLC Takes $237,000 Position in Eaton Corporation, PLC $ETN

Key Points

• Arete Wealth Advisors LLC acquired 873 shares of Eaton Corporation, PLC, valued at approximately $237,000, indicating strong institutional interest in the stock.
• Eaton's Q2 earnings showed an EPS of $2.95, beating analyst estimates, with revenue reaching $7.03 billion.
• The company announced a quarterly dividend of $1.04 per share, representing an annualized yield of 1.2%.

Arete Wealth Advisors LLC acquired a new stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 873 shares of the industrial products company's stock, valued at approximately $237,000.

Several other hedge funds also recently modified their holdings of ETN. Vanguard Group Inc. lifted its stake in Eaton by 0.8% in the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock valued at $10,195,725,000 after buying an additional 289,819 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Eaton in the first quarter valued at approximately $1,472,231,000. Goldman Sachs Group Inc. raised its holdings in shares of Eaton by 12.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock valued at $1,083,442,000 after purchasing an additional 427,509 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock valued at $1,063,727,000 after purchasing an additional 533,774 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Eaton by 12.2% in the first quarter. Alliancebernstein L.P. now owns 3,659,851 shares of the industrial products company's stock valued at $994,857,000 after purchasing an additional 397,114 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ETN. Daiwa Capital Markets began coverage on shares of Eaton in a report on Thursday. They set an "outperform" rating and a $390.00 target price on the stock. Morgan Stanley boosted their target price on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Rothschild & Co Redburn began coverage on Eaton in a research note on Wednesday, August 20th. They set a "neutral" rating and a $336.00 target price for the company. Wall Street Zen downgraded Eaton from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Melius raised Eaton from a "hold" rating to a "buy" rating and set a $495.00 target price for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $390.68.

Insider Activity

In related news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the transaction, the insider directly owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Eaton Trading Up 2.8%

Shares of Eaton stock traded up $10.09 on Monday, reaching $375.99. 3,030,475 shares of the company's stock were exchanged, compared to its average volume of 2,943,101. The company has a market capitalization of $146.37 billion, a P/E ratio of 37.83, a price-to-earnings-growth ratio of 2.61 and a beta of 1.17. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56. The firm's 50-day moving average is $362.13 and its two-hundred day moving average is $324.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. The firm had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.73 EPS. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Sell-side analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 7th. Eaton's dividend payout ratio (DPR) is currently 41.85%.

Eaton Profile

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.