Eaton Corporation, PLC $ETN Shares Purchased by Dorsey & Whitney Trust CO LLC

Key Points

• Dorsey & Whitney Trust CO LLC has increased its stake in Eaton Corporation by 16.1%, owning 7,068 shares valued at approximately $1.92 million by the end of the last quarter.
• Eaton's latest quarterly earnings report showed $2.95 earnings per share and a revenue of $7.03 billion, exceeding expectations and representing a 10.7% increase year-over-year.
• The company recently declared a quarterly dividend of $1.04 per share, which translates to an annual yield of 1.2% and a payout ratio of 41.85%.

Dorsey & Whitney Trust CO LLC increased its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 16.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,068 shares of the industrial products company's stock after acquiring an additional 979 shares during the period. Dorsey & Whitney Trust CO LLC's holdings in Eaton were worth $1,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Eaton by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock worth $10,195,725,000 after purchasing an additional 289,819 shares during the period. Nuveen LLC acquired a new position in Eaton in the first quarter valued at about $1,472,231,000. Nuveen Asset Management LLC boosted its stake in Eaton by 4.3% during the fourth quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock worth $1,550,226,000 after buying an additional 192,482 shares during the period. Northern Trust Corp increased its position in shares of Eaton by 8.8% during the fourth quarter. Northern Trust Corp now owns 4,574,704 shares of the industrial products company's stock valued at $1,518,207,000 after acquiring an additional 368,241 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Eaton by 12.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock valued at $1,083,442,000 after acquiring an additional 427,509 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Stock Down 0.8%

Shares of NYSE ETN opened at $346.3080 on Thursday. The stock has a market cap of $134.82 billion, a P/E ratio of 34.84, a PEG ratio of 2.57 and a beta of 1.18. The business's fifty day simple moving average is $359.57 and its 200-day simple moving average is $319.28. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.

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

Eaton Announces Dividend

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

Analysts Set New Price Targets

ETN has been the subject of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Citigroup raised their price target on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their price objective on Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Wall Street Zen lowered Eaton from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, BNP Paribas Exane started coverage on Eaton in a report on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price for the company. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $379.10.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.30% of the stock is owned by company insiders.

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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