DRW Securities LLC Has $4.95 Million Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• DRW Securities LLC increased its stake in Eaton Corporation, PLC by 51.2% in the first quarter, owning a total of 18,207 shares valued at approximately $4.95 million.
• Large investors including Vanguard Group and Goldman Sachs also raised their stakes in Eaton, indicating strong institutional interest in the company's stock.
• Eaton recently declared a quarterly dividend of $1.04, contributing to an annualized dividend yield of 1.2% and reflecting a dividend payout ratio of 41.85%.

DRW Securities LLC raised its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 51.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,207 shares of the industrial products company's stock after acquiring an additional 6,164 shares during the quarter. DRW Securities LLC's holdings in Eaton were worth $4,949,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Financial Services LLC lifted its stake in Eaton by 2.9% in the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 33 shares during the last quarter. E Fund Management Co. Ltd. increased its holdings in shares of 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 valued at $297,000 after acquiring an additional 33 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Eaton by 0.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock valued at $1,378,000 after acquiring an additional 37 shares during the last quarter. Lantern Wealth Advisors LLC increased its holdings in shares of Eaton by 1.0% during the 4th quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock valued at $1,340,000 after acquiring an additional 38 shares during the last quarter. Finally, AGH Wealth Advisors LLC increased its holdings in shares of Eaton by 2.6% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 38 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ETN shares. Barclays increased their price objective on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Wall Street Zen raised Eaton from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Raymond James Financial increased their target price on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Evercore ISI increased their target price on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Finally, KeyCorp increased their target price on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $379.10.

Eaton Stock Performance

Eaton stock traded up $5.16 during trading hours on Thursday, hitting $348.15. The stock had a trading volume of 1,181,677 shares, compared to its average volume of 2,957,241. 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 $135.53 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16. The company has a 50-day moving average of $362.41 and a two-hundred day moving average of $321.66. The company has a quick ratio of 0.76, a current ratio of 1.24 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 for the quarter, beating 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 company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $2.73 EPS. The company's revenue was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

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

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the business'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 of the company's stock, valued at $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by insiders.

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.