Davidson Investment Advisors Has $29.60 Million Holdings in Eaton Corporation, PLC $ETN

Key Points

• Davidson Investment Advisors has increased its holdings in Eaton Corporation, PLC by 1.6%, owning 82,922 shares valued at approximately $29.60 million.
• Eaton reported a 10.7% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $2.95, beating estimates by $0.03.
• A quarterly dividend of $1.04 per share was recently announced, translating to an annual yield of 1.1% and reflecting a payout ratio of 41.85%.

Davidson Investment Advisors increased its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 82,922 shares of the industrial products company's stock after purchasing an additional 1,316 shares during the period. Eaton comprises about 1.3% of Davidson Investment Advisors' investment portfolio, making the stock its 22nd biggest holding. Davidson Investment Advisors' holdings in Eaton were worth $29,602,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ETN. IMA Advisory Services Inc. acquired a new stake in Eaton during the 1st quarter worth about $25,000. Creative Financial Designs Inc. ADV lifted its position in shares of Eaton by 102.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in shares of Eaton during the first quarter worth approximately $41,000. Saudi Central Bank purchased a new position in Eaton during the first quarter valued at approximately $42,000. Finally, Horizon Bancorp Inc. IN increased its stake in Eaton by 70.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 165 shares of the industrial products company's stock valued at $45,000 after buying an additional 68 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Trading Down 0.3%

Shares of ETN stock opened at $374.40 on Wednesday. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The company has a market cap of $145.75 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.68 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $361.64 and its two-hundred day moving average is $337.32.

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

Eaton Dividend Announcement

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

Insider Transactions at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the 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 completion of the sale, the insider directly owned 630 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Eaton from $375.00 to $395.00 and gave the company an "equal weight" rating in a research note on Monday, October 6th. Barclays boosted their target price on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Redburn Atlantic initiated coverage on Eaton in a research note on Wednesday, August 20th. They set a "hold" rating and a $336.00 price target for the company. KeyCorp boosted their price target on Eaton from $410.00 to $420.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Daiwa Capital Markets started coverage on shares of Eaton in a research report on Thursday, September 11th. They set an "outperform" rating and a $390.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $393.50.

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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