Game Plan Financial Advisors LLC Buys 5,790 Shares of Eaton Corporation, PLC $ETN

Key Points

• Game Plan Financial Advisors LLC increased its stake in Eaton Corporation by 42.5%, owning 19,415 shares valued at approximately $5.28 million.
• Eaton reported a Q2 EPS of $2.95, exceeding analysts' expectations, with quarterly revenue surpassing estimates at $7.03 billion.
• The company recently declared a quarterly dividend of $1.04 per share, resulting in an annualized dividend yield of 1.2%.

Game Plan Financial Advisors LLC grew its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 42.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,415 shares of the industrial products company's stock after purchasing an additional 5,790 shares during the period. Eaton comprises approximately 2.6% of Game Plan Financial Advisors LLC's holdings, making the stock its 13th biggest holding. Game Plan Financial Advisors LLC's holdings in Eaton were worth $5,278,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ETN. Commonwealth Financial Services LLC lifted its stake in shares of 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 during the period. E Fund Management Co. Ltd. increased its holdings 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 purchasing an additional 33 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings 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 purchasing an additional 37 shares in the last quarter. Lantern Wealth Advisors LLC increased its holdings in Eaton by 1.0% in the fourth quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock worth $1,340,000 after purchasing an additional 38 shares in the last quarter. Finally, AGH Wealth Advisors LLC increased its holdings in Eaton by 2.6% in the first quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction 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 transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

Eaton Stock Up 1.7%

Shares of NYSE:ETN traded up $6.23 during mid-day trading on Friday, hitting $366.31. 3,108,319 shares of the company traded hands, compared to its average volume of 2,942,599. The stock has a market cap of $142.60 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.59 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. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The stock has a 50-day moving average price of $362.04 and a two-hundred day moving average price of $323.66.

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, beating the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities research analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's dividend payout ratio is currently 41.85%.

Analyst Ratings Changes

A number of brokerages have weighed in on ETN. Daiwa America upgraded Eaton to a "strong-buy" rating in a report on Thursday. Wells Fargo & Company lifted their target price on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Redburn Atlantic began coverage on Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 target price for the company. Wall Street Zen upgraded Eaton from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Daiwa Capital Markets assumed coverage on Eaton in a report on Thursday. They issued an "outperform" rating and a $390.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $379.59.

Eaton 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.