Eaton Corporation, PLC $ETN Shares Sold by Bank of Hawaii

Key Points

• Bank of Hawaii has reduced its stake in Eaton Corporation by 21.7%, owning 4,654 shares worth approximately $1.27 million after selling 1,287 shares.
• Eaton recently reported $2.95 earnings per share for the latest quarter, exceeding estimates, and had a 10.7% year-over-year revenue increase to $7.03 billion.
• The company announced a quarterly dividend of $1.04 per share, which reflects a 1.2% dividend yield and a payout ratio of 41.85%.

Bank of Hawaii reduced its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 21.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,654 shares of the industrial products company's stock after selling 1,287 shares during the period. Bank of Hawaii's holdings in Eaton were worth $1,265,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in Eaton in the 4th quarter valued at $26,000. IMA Advisory Services Inc. acquired a new position in Eaton in the first quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new position in Eaton during the fourth quarter worth about $33,000. Creative Financial Designs Inc. ADV boosted its stake in Eaton by 102.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after buying an additional 51 shares during the last quarter. Finally, Abound Wealth Management grew its holdings in Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction dated 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 sale, the insider owned 630 shares in the company, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

Eaton Stock Performance

Shares of ETN opened at $347.3570 on Monday. The firm has a market capitalization of $135.23 billion, a PE ratio of 34.95, a P/E/G ratio of 2.56 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. The firm has a 50-day moving average price of $360.36 and a 200 day moving average price of $319.77. 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 for the quarter, beating the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion during 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 company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, sell-side analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's dividend payout ratio is currently 41.85%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ETN. Rothschild & Co Redburn assumed coverage on Eaton in a research report on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price target for the company. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $396.00 price target on shares of Eaton in a report on Monday, July 14th. BNP Paribas Exane began coverage on Eaton in a report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price objective on the stock. Royal Bank Of Canada increased their price target on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Rothschild Redb upgraded Eaton to a "hold" rating in a research report on Wednesday, August 20th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $379.10.

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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