Focus Partners Wealth Purchases 23,736 Shares of Eaton Corporation, PLC $ETN

Key Points

• Focus Partners Wealth increased its stake in Eaton Corporation by 41.1%, owning 81,444 shares valued at approximately $22.14 million after acquiring additional shares in the first quarter.
• Eaton Corporation reported a 10.7% year-over-year revenue increase to $7.03 billion in its latest earnings report, exceeding analysts' expectations.
• The company declared a $1.04 quarterly dividend with a yield of 1.2%, marking a 41.85% payout ratio based on earnings.

Focus Partners Wealth increased its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 41.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,444 shares of the industrial products company's stock after buying an additional 23,736 shares during the period. Focus Partners Wealth's holdings in Eaton were worth $22,140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Commonwealth Financial Services LLC lifted 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 worth $319,000 after buying an additional 33 shares in the last quarter. E Fund Management Co. Ltd. lifted 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 lifted 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 lifted its position 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 valued at $1,340,000 after purchasing an additional 38 shares during the period. Finally, AGH Wealth Advisors LLC lifted its position 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 valued at $412,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Insiders Place Their Bets

In other Eaton 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 owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by company insiders.

Eaton Stock Up 2.8%

NYSE ETN traded up $10.09 during trading hours on Monday, reaching $375.99. 3,030,475 shares of the company's stock were exchanged, compared to its average volume of 2,943,101. The company's 50-day moving average is $362.13 and its two-hundred day moving average is $324.63. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The company has a market capitalization of $146.37 billion, a price-to-earnings ratio of 37.83, a price-to-earnings-growth ratio of 2.61 and a beta of 1.17.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm posted $2.73 EPS. The business's revenue was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given a dividend of $1.04 per share. The ex-dividend date of this dividend 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 is 41.85%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of Eaton in a research report on Thursday. They set an "outperform" rating and a $390.00 target price on the stock. Evercore ISI upped their target price on shares of Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Rothschild Redb upgraded shares of Eaton to a "hold" rating in a research report on Wednesday, August 20th. Wall Street Zen cut Eaton from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Morgan Stanley upped their price target on Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $390.68.

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.