Ameritas Advisory Services LLC Acquires 6,572 Shares of Eaton Corporation, PLC $ETN

Key Points

• Ameritas Advisory Services increased its Eaton stake by 667.9% in the second quarter, acquiring 6,572 shares for a total holding of 7,556 shares valued at approximately $3.22 million. Institutional investors collectively own 82.97% of Eaton’s stock.
• Analyst sentiment remains broadly positive: UBS and Evercore upgraded Eaton, while Morgan Stanley raised its price target to $520. The stock has an overall “Buy” consensus rating and an average target of $450.61.
• Eaton exceeded quarterly expectations with adjusted EPS of $3.15 and revenue of $8.53 billion, up 21.4% year over year. The company also declared a quarterly dividend of $1.10, equivalent to a 1.0% annualized yield.

Ameritas Advisory Services LLC raised its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 667.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,556 shares of the industrial products company's stock after acquiring an additional 6,572 shares during the period. Ameritas Advisory Services LLC's holdings in Eaton were worth $3,220,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Eaton by 19.6% in the 2nd quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company's stock worth $2,909,235,000 after acquiring an additional 1,120,567 shares during the last quarter. Williams Jones Wealth Management LLC. increased its holdings in Eaton by 3.3% in the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company's stock worth $192,958,000 after buying an additional 16,422 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Eaton by 112.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company's stock worth $120,199,000 after buying an additional 178,000 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in Eaton by 23.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company's stock valued at $99,012,000 after acquiring an additional 58,281 shares during the period. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in Eaton by 12.1% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 266,845 shares of the industrial products company's stock valued at $95,442,000 after acquiring an additional 28,815 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ETN. UBS Group upgraded shares of Eaton from a "neutral" rating to a "buy" rating and increased their price objective for the company from $450.00 to $515.00 in a research report on Monday. Wall Street Zen cut Eaton from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Robert W. Baird set a $500.00 price target on Eaton and gave the stock an "outperform" rating in a research note on Thursday, August 20th. Morgan Stanley lifted their price objective on Eaton from $500.00 to $520.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. Finally, Evercore upgraded Eaton from an "in-line" rating to an "outperform" rating and set a $502.00 price objective for the company in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $450.61.

Insider Buying and Selling

In other Eaton news, Director Gerald Johnson bought 130 shares of Eaton stock in a transaction dated Thursday, August 13th. The shares were purchased at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the acquisition, the director directly owned 1,829 shares in the company, valued at approximately $833,841.10. This represents a 7.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Adam A. Wadecki sold 525 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $440.54, for a total transaction of $231,283.50. Following the sale, the insider owned 1,054 shares in the company, valued at $464,329.16. This represents a 33.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by company insiders.

Eaton Trading Up 2.8%

Shares of ETN opened at $422.28 on Wednesday. The firm has a market cap of $164.01 billion, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.17. The company has a 50 day simple moving average of $415.39 and a two-hundred day simple moving average of $398.69. Eaton Corporation, PLC has a 1 year low of $311.92 and a 1 year high of $478.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 0.79.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $0.07. Eaton had a net margin of 12.75% and a return on equity of 24.58%. The company had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same period in the previous year, the firm posted $2.95 EPS. Eaton's revenue for the quarter was up 21.4% compared to the same quarter last year. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, equities analysts expect that Eaton Corporation, PLC will post 13.56 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.0%. Eaton's dividend payout ratio (DPR) is 44.76%.

Eaton Company Profile

Eaton plc is a power management company that helps businesses, utilities, data centers, industrial facilities and other customers manage electrical, hydraulic and mechanical power more safely and efficiently. Its products and systems support power distribution, circuit protection, power quality, backup power, industrial automation and energy management.

The company also supplies aerospace systems, including hydraulic, fuel, motion-control and air-management equipment, as well as components and systems for commercial and military aircraft.

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