Eaton Corporation, PLC $ETN Shares Bought by Hartline Investment Corp

Key Points

• Hartline Investment Corp increased its stake in Eaton Corporation by 414.6%, owning 13,185 shares valued at $4.7 million after acquiring 10,623 additional shares in the second quarter.
• Eaton reported a quarterly EPS of $2.95, surpassing expectations, with a revenue of $7.03 billion, a 10.7% year-over-year increase.
• The company declared a quarterly dividend of $1.04 per share, resulting in an annualized yield of 1.1%, with a payout ratio of 41.85%.

Hartline Investment Corp raised its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 414.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,185 shares of the industrial products company's stock after acquiring an additional 10,623 shares during the period. Hartline Investment Corp's holdings in Eaton were worth $4,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Commonwealth Financial Services LLC raised its holdings in shares of Eaton by 2.9% during the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock valued at $319,000 after buying an additional 33 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of Eaton by 3.1% during 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 buying an additional 33 shares during the last quarter. Beaumont Financial Advisors LLC raised its holdings in shares of Eaton by 2.6% during the second quarter. Beaumont Financial Advisors LLC now owns 1,307 shares of the industrial products company's stock valued at $467,000 after buying an additional 33 shares during the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of Eaton by 36.0% during the second quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company's stock valued at $49,000 after buying an additional 36 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Eaton by 0.7% during the first quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock valued at $1,378,000 after buying an additional 37 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ETN. Redburn Atlantic began coverage on Eaton in a report on Wednesday, August 20th. They set a "hold" rating and a $336.00 price target on the stock. Daiwa Capital Markets began coverage on Eaton in a report on Thursday, September 11th. They set an "outperform" rating and a $390.00 price target on the stock. Rothschild Redb raised Eaton to a "hold" rating in a report on Wednesday, August 20th. The Goldman Sachs Group boosted their target price on Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Barclays boosted their target price on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Eaton has a consensus rating of "Moderate Buy" and an average target price of $398.45.

Insider Activity

In other Eaton 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 value of $5,740,691.02. Following the transaction, the insider owned 630 shares of the company's stock, valued at approximately $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Eaton Price Performance

Shares of NYSE:ETN opened at $373.60 on Friday. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The stock has a market cap of $145.44 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.68 and a beta of 1.18. The stock's 50 day moving average price is $362.63 and its 200 day moving average price is $339.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly 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%.The firm's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities research 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. Shareholders of record on Thursday, August 7th were issued a $1.04 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. Eaton's dividend payout ratio is currently 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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