Free Trial

Capital Planning Advisors LLC Has $1.64 Million Stock Holdings in Eaton Corporation, PLC (NYSE:ETN)

Eaton logo with Industrials background

Key Points

  • Capital Planning Advisors LLC increased its stake in Eaton Corporation by 65.7%, acquiring an additional 2,385 shares to total 6,016 shares valued at $1.635 million.
  • Eaton recently reported a 10.7% revenue increase year-over-year, with earnings per share of $2.95, exceeding estimates of $2.92.
  • Multiple analysts have raised their price targets for Eaton, with Morgan Stanley setting a new target of $425.00 and maintaining an "overweight" rating.
  • Need better tools to track Eaton? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Capital Planning Advisors LLC boosted its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 65.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,016 shares of the industrial products company's stock after acquiring an additional 2,385 shares during the period. Capital Planning Advisors LLC's holdings in Eaton were worth $1,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETN. IMA Advisory Services Inc. acquired a new position in shares of Eaton in the 1st quarter valued at $25,000. Capital A Wealth Management LLC acquired a new position in shares of Eaton during the 4th quarter valued at $26,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of Eaton during the 4th quarter valued at $33,000. Finally, Abound Wealth Management lifted its holdings in shares of Eaton by 73.8% during the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 62 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eaton

In other Eaton 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 transaction of $5,740,691.02. Following the completion of the transaction, the insider directly owned 630 shares in the company, valued at $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 can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ETN. The Goldman Sachs Group boosted their price objective on shares of Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Citigroup boosted their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. KeyCorp boosted their price objective on shares of Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Evercore ISI upped their target price on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Finally, BNP Paribas Exane assumed coverage on shares of Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $383.63.

Read Our Latest Stock Report on Eaton

Eaton Price Performance

ETN stock traded down $5.98 during trading on Wednesday, hitting $357.32. The company had a trading volume of 2,750,710 shares, compared to its average volume of 2,788,402. The company has a fifty day moving average price of $357.16 and a two-hundred day moving average price of $318.17. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The company has a market cap of $139.10 billion, a P/E ratio of 35.95, a P/E/G ratio of 2.68 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $2.73 earnings per share. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 7th. Eaton's dividend payout ratio is currently 41.85%.

Eaton Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Eaton (NYSE:ETN)

Should You Invest $1,000 in Eaton Right Now?

Before you consider Eaton, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eaton wasn't on the list.

While Eaton currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Overlooked Stocks Riding the AI Data Center Boom
3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines