Dimensional Fund Advisors LP Purchases 60,820 Shares of Eaton Corporation, PLC $ETN

Key Points

• Dimensional Fund Advisors LP increased its holdings in Eaton Corporation by 4.5%, owning 1,408,680 shares valued at approximately $382.9 million after purchasing an additional 60,820 shares.
• Several analysts have raised their price targets on Eaton, with Citigroup boosting their target from $420 to $425 and Morgan Stanley from $375 to $425, reflecting a strong market sentiment with a consensus rating of "Moderate Buy."
• Eaton announced a quarterly dividend of $1.04 per share, yielding around 1.2%, with a payout ratio of 41.85%, highlighting the firm's financial stability.

Dimensional Fund Advisors LP grew its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,408,680 shares of the industrial products company's stock after purchasing an additional 60,820 shares during the period. Dimensional Fund Advisors LP owned about 0.36% of Eaton worth $382,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in shares of Eaton during the 1st quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of Eaton during the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV grew its position 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 worth $27,000 after purchasing an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of Eaton during the 4th quarter worth approximately $33,000. Finally, Abound Wealth Management grew its position 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 worth $40,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Morgan Stanley increased their price target on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. BNP Paribas Exane assumed coverage on shares of Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target on the stock. BNP Paribas assumed coverage on shares of Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target on the stock. Finally, Barclays increased their price target on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $383.63.

Eaton Trading Down 1.4%

NYSE ETN traded down $4.9280 on Tuesday, reaching $348.5720. The company had a trading volume of 1,868,562 shares, compared to its average volume of 3,038,781. The firm has a market cap of $135.70 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 2.59 and a beta of 1.18. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The business has a 50 day moving average of $358.67 and a two-hundred day moving average of $318.89. 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 posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share 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 business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the business posted $2.73 earnings per share. Eaton'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 forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

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

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider directly owned 630 shares in the company, valued at approximately $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company's stock.

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.