Eaton Corporation, PLC $ETN is Game Plan Financial Advisors LLC's 9th Largest Position

Key Points

• Game Plan Financial Advisors LLC has reduced its stake in Eaton Corporation, PLC by 4.6%, making it the firm's 9th largest position, with holdings worth $6.61 million.
• Eaton reported $2.95 EPS in its recent quarterly earnings, exceeding estimates and showing a revenue increase of 10.7% year-over-year.
• The company's dividend yield stands at 1.1%, with a recent quarterly dividend of $1.04 per share paid to investors, reflecting a payout ratio of 41.85%.

Game Plan Financial Advisors LLC cut its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,520 shares of the industrial products company's stock after selling 895 shares during the period. Eaton comprises approximately 2.9% of Game Plan Financial Advisors LLC's portfolio, making the stock its 9th largest position. Game Plan Financial Advisors LLC's holdings in Eaton were worth $6,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Eaton by 0.7% during the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock worth $3,593,000 after purchasing an additional 96 shares in the last quarter. Focus Partners Wealth raised its holdings in Eaton by 41.1% during the first quarter. Focus Partners Wealth now owns 81,444 shares of the industrial products company's stock worth $22,140,000 after purchasing an additional 23,736 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in Eaton by 16.0% during the first quarter. Jacobi Capital Management LLC now owns 7,633 shares of the industrial products company's stock worth $2,075,000 after purchasing an additional 1,050 shares in the last quarter. Brighton Jones LLC raised its holdings in Eaton by 4.9% during the first quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock worth $953,000 after purchasing an additional 164 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new position in Eaton during the first quarter worth about $815,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Performance

Shares of ETN opened at $376.73 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The company has a market capitalization of $146.66 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 2.65 and a beta of 1.18. The company's 50 day simple moving average is $361.86 and its 200 day simple moving average is $334.63. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion for 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%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.73 earnings per share. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, sell-side analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently disclosed 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 of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. Eaton's dividend payout ratio is presently 41.85%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley upped their target price 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. Barclays upped their target price 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. Melius Research upgraded shares of Eaton from a "hold" rating to a "buy" rating and upped their target price for the stock from $412.00 to $495.00 in a research report on Monday, September 15th. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 target price on shares of Eaton in a research report on Monday, July 14th. Finally, Redburn Atlantic assumed coverage on shares of Eaton in a research report on Wednesday, August 20th. They set a "hold" rating and a $336.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $392.27.

Insider Activity

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 shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.

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