Aptus Capital Advisors LLC Acquires 2,861 Shares of Eaton Corporation, PLC $ETN

Key Points

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Aptus Capital Advisors LLC boosted its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,965 shares of the industrial products company's stock after acquiring an additional 2,861 shares during the period. Aptus Capital Advisors LLC's holdings in Eaton were worth $11,679,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Eaton by 0.7% in the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock valued at $3,593,000 after acquiring an additional 96 shares during the last quarter. Bearing Point Capital LLC bought a new position in Eaton in the fourth quarter valued at about $2,713,000. Brighton Jones LLC boosted its holdings in Eaton by 4.9% in the first quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after acquiring an additional 164 shares during the last quarter. Kennebec Savings Bank boosted its holdings in Eaton by 5.4% during the first quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock worth $738,000 after buying an additional 139 shares during the last quarter. Finally, American National Bank & Trust boosted its holdings in Eaton by 5.4% during the first quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock worth $855,000 after buying an additional 162 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Eaton Stock Up 0.6%

Eaton stock traded up $1.9770 during midday trading on Friday, reaching $347.3570. The stock had a trading volume of 1,964,878 shares, compared to its average volume of 2,630,220. The firm's fifty day simple moving average is $360.36 and its 200-day simple moving average is $319.71. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The stock has a market capitalization of $135.23 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24.

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 analysts' consensus estimates of $2.92 by $0.03. The business 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 revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm 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, analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

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

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm'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 completion of the transaction, the insider directly owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ETN has been the topic of a number of recent analyst reports. Wall Street Zen cut Eaton from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised their target price on Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price target on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Redburn Atlantic started coverage on Eaton in a research report on Wednesday. They set a "hold" rating and a $336.00 price target on the stock. Finally, Morgan Stanley raised their price target on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and an average price target of $379.10.

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.