Advisors Capital Management LLC Acquires 9,052 Shares of Eaton Corporation, PLC $ETN

Key Points

• Advisors Capital Management LLC has increased its stake in Eaton Corporation, PLC by 9.9%, now holding over 100,000 shares valued at approximately $27.34 million.
• Eaton reported a 10.7% year-over-year increase in quarterly revenue, achieving $7.03 billion and earnings per share of $2.95, surpassing estimates.
• The company recently declared a quarterly dividend of **$1.04 per share**, representing an annual yield of **1.1%**, with a dividend payout ratio of **41.85%**.

Advisors Capital Management LLC grew its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,585 shares of the industrial products company's stock after purchasing an additional 9,052 shares during the quarter. Advisors Capital Management LLC's holdings in Eaton were worth $27,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ETN. Brighton Jones LLC grew its position in shares of Eaton by 1.4% in the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 45 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Eaton by 17.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after buying an additional 136 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in shares of Eaton in the fourth quarter valued at approximately $42,839,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Eaton by 17.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 17,101 shares of the industrial products company's stock valued at $5,675,000 after buying an additional 2,529 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Eaton by 4.3% in the fourth quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock valued at $1,550,226,000 after buying an additional 192,482 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ETN. Barclays boosted their price target on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Evercore ISI boosted their price target on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Redburn Atlantic assumed coverage on Eaton in a research note on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price target for the company. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 target price on shares of Eaton in a research note on Monday, July 14th. Finally, Morgan Stanley upped 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $379.59.

Eaton Price Performance

Shares of ETN traded up $6.23 during trading hours on Friday, reaching $366.31. The stock had a trading volume of 3,108,319 shares, compared to its average volume of 1,837,146. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The stock has a market capitalization of $142.60 billion, a PE ratio of 36.85, a PEG ratio of 2.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The company's 50-day moving average is $362.13 and its two-hundred day moving average is $324.39.

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

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were paid 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 is presently 41.85%.

Insider Activity at Eaton

In other 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 completion of the transaction, the insider directly owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

Eaton Company 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.