Boston Family Office LLC Grows Holdings in Eaton Corporation, PLC $ETN

Key Points

• Boston Family Office LLC increased its holdings in Eaton Corporation by 7.9%, owning 41,601 shares worth approximately $11.3 million by the end of the most recent quarter.
• Wall Street analysts are optimistic about Eaton's future, with fourteen analysts giving it a buy rating and a consensus price target of $383.63.
• Eaton recently announced a quarterly dividend of $1.04 per share, reflecting a 1.2% annualized dividend yield, and had a notable earnings report exceeding analyst expectations.

Boston Family Office LLC increased its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,601 shares of the industrial products company's stock after buying an additional 3,032 shares during the period. Boston Family Office LLC's holdings in Eaton were worth $11,308,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Eaton by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock worth $10,195,725,000 after buying an additional 289,819 shares during the period. Nuveen LLC bought a new position in Eaton in the 1st quarter worth approximately $1,472,231,000. Nuveen Asset Management LLC boosted its holdings in Eaton by 4.3% in the 4th quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock worth $1,550,226,000 after buying an additional 192,482 shares during the period. Northern Trust Corp boosted its holdings in Eaton by 8.8% in the 4th quarter. Northern Trust Corp now owns 4,574,704 shares of the industrial products company's stock worth $1,518,207,000 after buying an additional 368,241 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Eaton by 12.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock worth $1,083,442,000 after buying an additional 427,509 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Price Performance

Eaton stock traded down $4.9280 during mid-day trading on Tuesday, hitting $348.5720. 1,868,562 shares of the company traded hands, compared to its average volume of 2,632,172. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The stock has a market cap of $135.70 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 2.61 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. The stock has a fifty day moving average price of $358.67 and a 200-day moving average price of $318.89.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. The firm had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business 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. On average, equities analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 7th. Eaton's payout ratio is presently 41.85%.

Analysts Set New Price Targets

Several research analysts recently commented on ETN shares. BNP Paribas started coverage on shares of Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective for the company. Citigroup boosted their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted their price objective on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. BNP Paribas Exane started coverage on shares of Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $383.63.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the business'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 transaction, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

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.