Eaton Corporation, PLC $ETN Shares Bought by Haverford Trust Co

Key Points

• Haverford Trust Co increased its holdings in Eaton Corporation by 4.2%, now owning 397,732 shares valued at approximately $108.1 million.
• The company reported earnings of $2.95 per share, exceeding estimates, along with a revenue of $7.03 billion for the quarter, up 10.7% year-over-year.
• Hedge funds and institutional investors hold 82.97% of Eaton's stock, with multiple firms recently acquiring or raising stakes in the company.

Haverford Trust Co grew its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 397,732 shares of the industrial products company's stock after purchasing an additional 15,916 shares during the period. Haverford Trust Co owned 0.10% of Eaton worth $108,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ETN. IMA Advisory Services Inc. acquired a new stake in shares of Eaton during the first quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Eaton during the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Eaton by 102.0% during the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after purchasing an additional 51 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of Eaton during the fourth quarter worth $33,000. Finally, Abound Wealth Management raised its holdings in shares of Eaton by 73.8% during the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after purchasing an additional 62 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were 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 in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.30% of the company's stock.

Eaton Stock Performance

Shares of ETN opened at $347.3570 on Friday. The firm has a 50-day moving average price of $360.36 and a 200 day moving average price of $319.71. The firm has a market capitalization of $135.23 billion, a PE ratio of 34.95, a P/E/G ratio of 2.55 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56.

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 analysts' consensus estimates of $2.92 by $0.03. The firm 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%. Eaton's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, sell-side analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. Eaton's dividend payout ratio (DPR) is 41.85%.

Analysts Set New Price Targets

ETN has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Rothschild Redb raised shares of Eaton to a "hold" rating in a report on Wednesday. KeyCorp increased their price objective on shares of Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $396.00 price objective on shares of Eaton in a report on Monday, July 14th. Finally, Royal Bank Of Canada increased their price objective on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $379.10.

About Eaton

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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