Callahan Advisors LLC Raises Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• Callahan Advisors LLC increased its holdings in Eaton Corporation by 15.1%, acquiring an additional 3,111 shares, bringing its total to 23,668 shares valued at approximately $8.45 million.
• The company reported a quarterly EPS of $2.95, exceeding analysts' expectations of $2.92, and a revenue of $7.03 billion, which was 10.7% higher year-over-year.
• Eaton's dividend payout is set at $4.16 annually, representing a yield of 1.1%, with a payout ratio of 41.85%.

Callahan Advisors LLC boosted its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 15.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,668 shares of the industrial products company's stock after purchasing an additional 3,111 shares during the quarter. Callahan Advisors LLC's holdings in Eaton were worth $8,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Financial Services LLC increased its stake in Eaton by 2.9% during the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock worth $319,000 after buying an additional 33 shares in the last quarter. E Fund Management Co. Ltd. increased its stake in Eaton by 3.1% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock worth $297,000 after buying an additional 33 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in Eaton by 2.6% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,307 shares of the industrial products company's stock worth $467,000 after buying an additional 33 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company's stock worth $49,000 after buying an additional 36 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in Eaton by 0.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock worth $1,378,000 after buying an additional 37 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Trading Up 2.0%

Shares of Eaton stock opened at $381.83 on Thursday. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The stock has a market cap of $148.65 billion, a P/E ratio of 38.41, a P/E/G ratio of 2.67 and a beta of 1.18. The stock's 50 day simple moving average is $362.09 and its 200-day simple moving average is $337.63. 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 (NYSE:ETN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.93 billion. During the same period in the prior year, the firm posted $2.73 earnings per share. The firm's quarterly revenue 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. Analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were issued a $1.04 dividend. 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%.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction that occurred 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 represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ETN. The Goldman Sachs Group boosted their price objective on Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Morgan Stanley boosted their price objective on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Eaton in a research note on Wednesday, October 8th. Redburn Atlantic started coverage on Eaton in a report on Wednesday, August 20th. They set a "hold" rating and a $336.00 target price on the stock. Finally, Barclays boosted their target price on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.64.

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.

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