Eaton Corporation, PLC $ETN Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Eaton Corporation by 2.8%, owning 127,619 shares valued at approximately $34.73 million after buying an additional 3,427 shares.
• Analysts have set a consensus target price of $379.10 for Eaton shares, with multiple firms issuing "buy" ratings.
• Eaton recently reported strong quarterly earnings, with an EPS of $2.95, exceeding estimates, and a revenue of $7.03 billion for the quarter.

CW Advisors LLC increased its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,619 shares of the industrial products company's stock after purchasing an additional 3,427 shares during the period. CW Advisors LLC's holdings in Eaton were worth $34,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Eaton by 0.7% during the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock valued at $3,593,000 after acquiring an additional 96 shares during the period. Bearing Point Capital LLC acquired a new stake in Eaton during the 4th quarter valued at approximately $2,713,000. Brighton Jones LLC lifted its stake in Eaton by 4.9% during the 1st quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after acquiring an additional 164 shares during the period. Kennebec Savings Bank lifted its stake in Eaton by 5.4% during the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock valued at $738,000 after acquiring an additional 139 shares during the period. Finally, American National Bank & Trust lifted its stake in Eaton by 5.4% during the 1st quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock valued at $855,000 after acquiring an additional 162 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on ETN shares. BNP Paribas Exane started coverage on shares of Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price objective for the company. Citigroup lifted their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Evercore ISI lifted their price objective on shares of Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Rothschild & Co Redburn began coverage on shares of Eaton in a report on Wednesday. They set a "neutral" rating and a $336.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $379.10.

Eaton Price Performance

Shares of NYSE ETN opened at $346.3080 on Thursday. The firm has a market cap of $134.82 billion, a PE ratio of 34.84, a PEG ratio of 2.57 and a beta of 1.18. The firm has a fifty day moving average of $359.57 and a 200 day moving average of $319.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56.

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

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, August 7th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 7th. Eaton's payout ratio is presently 41.85%.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction on Thursday, August 7th. The shares were 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 owned 630 shares of the company's stock, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.