Advisors Asset Management Inc. Has $11.05 Million Stake in Eaton Corporation, PLC $ETN

Key Points

• Advisors Asset Management Inc. increased its stake in Eaton Corporation, PLC by 4.9%, owning a total of 40,642 shares worth approximately $11 million as of the latest SEC filing.
• A significant number of institutional investors have bolstered their positions in Eaton, with Nuveen LLC acquiring a stake worth about $1.47 billion and GAMMA Investing LLC increasing its holdings by 27,281.9%.
• Eaton's stock received an average rating of "Moderate Buy" from analysts, with a target price set at approximately $379.10, following upgrades from several firms, including Wells Fargo.

Advisors Asset Management Inc. increased its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,642 shares of the industrial products company's stock after purchasing an additional 1,890 shares during the quarter. Advisors Asset Management Inc.'s holdings in Eaton were worth $11,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commonwealth Financial Services LLC raised its position 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 worth $319,000 after acquiring an additional 33 shares in the last quarter. E Fund Management Co. Ltd. raised its position in Eaton by 3.1% in the first quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock worth $297,000 after acquiring an additional 33 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Eaton by 0.7% in the first quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock worth $1,378,000 after acquiring an additional 37 shares in the last quarter. Lantern Wealth Advisors LLC raised its holdings in Eaton by 1.0% during the 4th quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock worth $1,340,000 after buying an additional 38 shares during the period. Finally, AGH Wealth Advisors LLC raised its holdings in Eaton by 2.6% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after buying an additional 38 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the company'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 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. The trade was a 96.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ETN has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Barclays upped their target price on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Raymond James Financial upped their target price on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Rothschild & Co Redburn initiated coverage on Eaton in a report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 target price on the stock. Finally, BNP Paribas Exane initiated coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Eaton Stock Performance

Eaton stock traded up $0.82 during trading hours on Friday, reaching $349.04. 2,120,724 shares of the company were exchanged, compared to its average volume of 1,880,771. The firm has a market cap of $135.88 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.57 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $362.31 and a 200 day moving average of $322.26. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. The firm had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

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

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.