Eaton Corporation, PLC $ETN Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC reduced its holdings in Eaton Corporation, PLC by 22.4% during the first quarter, now owning 9,281 shares worth approximately $2,523,000.
• Eaton reported a quarterly earnings per share (EPS) of $2.95, exceeding analysts' estimates by $0.03, with revenue rising 10.7% year-over-year to $7.03 billion.
• The company has recently announced a quarterly dividend of $1.04 per share, translating to an annualized dividend of $4.16 and a 1.2% yield.

RWA Wealth Partners LLC trimmed its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 22.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,281 shares of the industrial products company's stock after selling 2,673 shares during the period. RWA Wealth Partners LLC's holdings in Eaton were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Commonwealth Financial Services LLC increased its holdings in shares of Eaton by 2.9% in the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock worth $319,000 after buying an additional 33 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in Eaton by 3.1% during the 1st 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 period. Checchi Capital Advisers LLC lifted its position in Eaton by 0.7% in the first quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock worth $1,378,000 after buying an additional 37 shares during the last quarter. Lantern Wealth Advisors LLC boosted its stake in Eaton by 1.0% during the fourth quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock worth $1,340,000 after buying an additional 38 shares during the period. Finally, AGH Wealth Advisors LLC boosted its stake in shares of Eaton by 2.6% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after purchasing an additional 38 shares during the period. Institutional investors own 82.97% of the company's stock.

Eaton Stock Up 0.6%

Shares of NYSE ETN traded up $1.9770 during trading hours on Friday, hitting $347.3570. 1,964,878 shares of the stock were exchanged, compared to its average volume of 2,630,220. The firm has a fifty day moving average price of $360.36 and a 200-day moving average price of $319.71. The company has a market cap of $135.23 billion, a PE ratio of 34.95, a PEG 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 12 month low of $231.85 and a 12 month 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 the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $2.73 EPS. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. 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 expect that Eaton Corporation, PLC will post 12.02 EPS for the current 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 issued a $1.04 dividend. 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 41.85%.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on Eaton from $336.00 to $356.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wells Fargo & Company raised their price target on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Evercore ISI raised their price objective on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Redburn Atlantic began coverage on Eaton in a report on Wednesday. They issued a "hold" rating and a $336.00 price objective for the company. Finally, KeyCorp increased their target price on shares of Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Eaton has an average rating of "Moderate Buy" and an average target price of $379.10.

Insider Buying and Selling at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by 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.