Eaton Corporation, PLC $ETN Shares Acquired by Cullen Investment Group LTD.

Key Points

• Cullen Investment Group LTD has increased its stake in Eaton Corporation by 2.0%, now owning 73,260 shares valued at approximately $26.15 million, making it their 6th largest holding.
• Wall Street analysts are optimistic about Eaton's performance, with increased price targets ranging from $344.00 to $425.00 and a consensus rating of "Moderate Buy".
• Eaton recently declared a quarterly dividend of $1.04, translating to an annual yield of 1.1%, with a dividend payout ratio of 41.85%.

Cullen Investment Group LTD. raised its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 2.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 73,260 shares of the industrial products company's stock after purchasing an additional 1,468 shares during the quarter. Eaton makes up approximately 3.7% of Cullen Investment Group LTD.'s investment portfolio, making the stock its 6th largest holding. Cullen Investment Group LTD.'s holdings in Eaton were worth $26,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Financial Services LLC increased its position in Eaton by 2.9% during the 1st 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. increased its position in 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 purchasing an additional 33 shares during the period. Checchi Capital Advisers LLC increased its position in 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 purchasing an additional 37 shares during the period. Lantern Wealth Advisors LLC boosted 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 worth $1,340,000 after buying an additional 38 shares in the last quarter. Finally, AGH Wealth Advisors LLC boosted 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 worth $412,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 price target on shares of Eaton in a report on Monday, July 14th. Citigroup increased their price target on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Raymond James Financial increased their price target on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Barclays increased their price target on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $379.59.

Insider Buying and Selling

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

Eaton Price Performance

Shares of ETN opened at $366.31 on Friday. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The business's fifty day moving average is $362.13 and its 200 day moving average is $324.20. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $142.60 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last issued 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 company had revenue of $7.03 billion for 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%.Eaton's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last 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. Sell-side analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

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

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