Argent Capital Management LLC Buys 5,201 Shares of Eaton Corporation, PLC $ETN

Key Points

• Argent Capital Management LLC increased its holdings in Eaton Corporation by 4.3%, acquiring an additional 5,201 shares during the second quarter, bringing its total ownership to 126,456 shares valued at approximately $45.1 million.
• Several other institutional investors, including Brighton Jones LLC and GTS Securities LLC, also increased their stakes in Eaton, with 82.97% of the stock now held by institutional investors.
• Eaton recently reported a Q2 earnings per share (EPS) of $2.95, surpassing analyst expectations, alongside a quarterly dividend of $1.04 per share, representing an annual yield of 1.1%.

Argent Capital Management LLC raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,456 shares of the industrial products company's stock after purchasing an additional 5,201 shares during the period. Eaton accounts for approximately 1.3% of Argent Capital Management LLC's holdings, making the stock its 29th biggest position. Argent Capital Management LLC's holdings in Eaton were worth $45,143,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after buying an additional 45 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings 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 purchasing an additional 136 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Eaton in the fourth quarter worth $42,839,000. Voloridge Investment Management LLC raised its stake in Eaton by 65.2% during the fourth quarter. Voloridge Investment Management LLC now owns 6,153 shares of the industrial products company's stock valued at $2,042,000 after purchasing an additional 2,429 shares in the last quarter. Finally, GTS Securities LLC lifted its position in Eaton by 319.1% during the fourth quarter. GTS Securities LLC now owns 2,213 shares of the industrial products company's stock valued at $734,000 after purchasing an additional 1,685 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton 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 approximately $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Eaton Stock Performance

ETN stock opened at $379.00 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The business has a 50-day moving average price of $363.78 and a 200 day moving average price of $328.38. The company has a market capitalization of $147.55 billion, a P/E ratio of 38.13, a PEG ratio of 2.68 and a beta of 1.17.

Eaton (NYSE:ETN - Get Free Report) last posted its 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 net margin of 15.11% and a return on equity of 23.91%. The business had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm posted $2.73 EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. As a group, equities research analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ETN. Daiwa Capital Markets began coverage on shares of Eaton in a research report on Thursday, September 11th. They set an "outperform" rating and a $390.00 target price on the stock. Melius upgraded Eaton from a "hold" rating to a "buy" rating and set a $495.00 price objective on the stock in a research report on Monday, September 15th. KeyCorp lifted their target price on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group increased their price target on Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Rothschild Redb upgraded Eaton to a "hold" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $390.68.

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.

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