Scientech Research LLC Acquires 1,552 Shares of Eaton Corporation, PLC $ETN

Key Points

• Scientech Research LLC increased its stake in Eaton Corporation by 45.2% in the first quarter, holding nearly 5,000 shares valued at $1.36 million.
• Research firms have raised their target prices for Eaton, with Evercore ISI adjusting its target from $326 to $349, indicating a consensus rating of "Moderate Buy" for the stock.
• Eaton recently announced a quarterly dividend of $1.04 per share, with a yield of 1.2% and a payout ratio of 41.85%.

Scientech Research LLC boosted its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 45.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,987 shares of the industrial products company's stock after buying an additional 1,552 shares during the period. Scientech Research LLC's holdings in Eaton were worth $1,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ETN. Brighton Jones LLC raised its holdings in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock worth $1,109,000 after buying an additional 45 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 136 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in shares of Eaton in the 4th quarter valued at about $42,839,000. Clark Capital Management Group Inc. increased its holdings in shares of Eaton by 10.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 3,076 shares of the industrial products company's stock valued at $1,021,000 after purchasing an additional 291 shares during the period. Finally, Ensign Peak Advisors Inc increased its holdings in shares of Eaton by 11.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 61,627 shares of the industrial products company's stock valued at $20,452,000 after purchasing an additional 6,553 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Stock Performance

Shares of NYSE ETN traded down $1.55 during trading hours on Tuesday, reaching $347.94. The stock had a trading volume of 1,759,315 shares, compared to its average volume of 1,818,921. The business's fifty day moving average is $361.99 and its two-hundred day moving average is $322.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The company has a market cap of $135.45 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.50 and a beta of 1.16. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating 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 business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $2.73 earnings per share. Eaton'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. As a group, research analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 1.2%. Eaton's dividend payout ratio (DPR) is 41.85%.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the business'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 value of $5,740,691.02. Following the transaction, the insider directly owned 630 shares of the company's stock, valued at $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 is available through the SEC website. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ETN shares. Wall Street Zen upgraded Eaton from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Rothschild Redb upgraded Eaton to a "hold" rating in a report on Wednesday, August 20th. Rothschild & Co Redburn started coverage on Eaton in a report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 target price on the stock. BNP Paribas started coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price on the stock. Finally, KeyCorp upped their target price on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Eaton currently has a consensus rating of "Moderate Buy" and a consensus target price of $379.10.

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.