NewEdge Advisors LLC Lowers Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• NewEdge Advisors LLC reduced its holdings in Eaton Corporation by 3.6%, now owning 97,940 shares worth approximately $26.62 million.
• Research analysts have increased their target prices for Eaton shares, with estimates ranging from $336.00 to $425.00, reflecting a strong buy rating from most analysts.
• Eaton recently reported quarterly earnings of $2.95 EPS, exceeding estimates, with a 10.7% revenue increase compared to the same quarter last year.

NewEdge Advisors LLC trimmed its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,940 shares of the industrial products company's stock after selling 3,607 shares during the period. NewEdge Advisors LLC's holdings in Eaton were worth $26,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in Eaton during the fourth quarter valued at $26,000. IMA Advisory Services Inc. bought a new position in Eaton during the first quarter valued at $25,000. Vermillion Wealth Management Inc. bought a new position in Eaton during the fourth quarter valued at $33,000. Creative Financial Designs Inc. ADV grew its holdings in 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 during the period. Finally, Abound Wealth Management lifted its position in shares of Eaton by 73.8% during the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after acquiring an additional 62 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of the business's 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 completion of the transaction, the insider directly owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

Eaton Trading Down 0.4%

Shares of NYSE:ETN traded down $1.55 on Tuesday, reaching $347.94. 1,759,315 shares of the company traded hands, compared to its average volume of 1,818,921. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $135.45 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56. The business's 50-day simple moving average is $362.14 and its 200 day simple moving average is $322.72.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) 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 analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, equities analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm 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 was Thursday, August 7th. Eaton's dividend payout ratio (DPR) is presently 41.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup increased their target price 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 increased their price objective 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 initiated coverage on Eaton in a research report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price objective on the stock. Wall Street Zen upgraded Eaton from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Barclays increased their price objective on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Eaton 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.