Eaton Corporation, PLC $ETN Shares Acquired by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp increased its stake in Eaton Corporation by 32.4%, acquiring an additional 862 shares, making their total holdings valued at approximately $1.257 million.
• Eaton's recent quarterly earnings report showed an EPS of $2.95, exceeding expectations, with revenues of $7.03 billion, a 10.7% year-over-year increase.
• The company recently announced a quarterly dividend of $1.04 per share, representing an annualized yield of 1.1% and a payout ratio of 41.85%.

Boston Trust Walden Corp lifted its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,521 shares of the industrial products company's stock after purchasing an additional 862 shares during the period. Boston Trust Walden Corp's holdings in Eaton were worth $1,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ETN. Commonwealth Financial Services LLC lifted 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 valued at $319,000 after purchasing an additional 33 shares during the period. E Fund Management Co. Ltd. lifted 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 valued at $297,000 after purchasing an additional 33 shares during the period. Beaumont Financial Advisors LLC lifted its position in Eaton by 2.6% in the second quarter. Beaumont Financial Advisors LLC now owns 1,307 shares of the industrial products company's stock valued at $467,000 after purchasing an additional 33 shares during the period. SOA Wealth Advisors LLC. increased its holdings in shares of Eaton by 36.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 36 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in shares of Eaton by 0.7% in 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 purchasing an additional 37 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction 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 owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

Eaton Stock Up 2.0%

ETN opened at $381.83 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The stock has a market capitalization of $148.65 billion, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The business has a 50-day moving average of $362.09 and a two-hundred day moving average of $337.63. 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 posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.92 by $0.03. The company 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 firm's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Redburn Atlantic assumed coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price target for the company. KeyCorp increased their price target on shares of Eaton from $410.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group increased their price target on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. 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, Melius raised Eaton from a "hold" rating to a "buy" rating and set a $495.00 target price on the stock in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $396.64.

About Eaton

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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