Baird Financial Group Inc. Trims Stake in Eaton Corporation, PLC $ETN

Key Points

• Baird Financial Group Inc. has reduced its stake in Eaton Corporation, PLC by 19.6% during the 1st quarter, now holding approximately 0.09% of the company's shares valued at $92.6 million.
• Analysts maintain a consensus rating of "Moderate Buy" on Eaton, with fourteen declaring a Buy rating and nine a Hold rating, alongside an average price target of $379.10.
• Eaton recently declared a quarterly dividend of $1.04, reflecting an annualized yield of 1.2%, with a payout ratio of 41.85%.

Baird Financial Group Inc. trimmed its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 340,631 shares of the industrial products company's stock after selling 82,909 shares during the period. Baird Financial Group Inc. owned 0.09% of Eaton worth $92,594,000 at the end of the most recent reporting period.

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

Eaton Trading Down 1.6%

Shares of NYSE:ETN traded down $5.67 during trading on Tuesday, hitting $343.48. The company had a trading volume of 2,462,028 shares, compared to its average volume of 2,977,522. The stock has a market cap of $133.71 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.17. 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 fifty day simple moving average of $362.42 and a two-hundred day simple moving average of $321.36. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly 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 company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.Eaton's quarterly 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. As a group, equities analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

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

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction dated 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 $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of research reports. Rothschild Redb upgraded Eaton to a "hold" rating in a research note on Wednesday, August 20th. Evercore ISI increased their price objective on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. increased their target price on Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Redburn Atlantic assumed coverage on Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.