Eaton Corporation, PLC $ETN Stock Position Raised by KLCM Advisors Inc.

Key Points

• KLCM Advisors Inc. increased its stake in Eaton Corporation by 41.6%, owning 9,871 shares valued at approximately $2.68 million.
• Brokerage firm Morgan Stanley raised Eaton's target price from $375 to $425, reflecting strong sentiment with a consensus rating of "Moderate Buy" among analysts.
• Eaton recently announced a quarterly dividend of $1.04 per share, with a 41.85% payout ratio and an annual yield of 1.2% for shareholders of record.

KLCM Advisors Inc. increased its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 41.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,871 shares of the industrial products company's stock after acquiring an additional 2,900 shares during the quarter. KLCM Advisors Inc.'s holdings in Eaton were worth $2,683,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in Eaton by 0.8% in the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock valued at $10,195,725,000 after buying an additional 289,819 shares during the last quarter. Nuveen LLC bought a new stake in Eaton in the first quarter valued at about $1,472,231,000. Nuveen Asset Management LLC increased its holdings in Eaton by 4.3% in the fourth quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock valued at $1,550,226,000 after buying an additional 192,482 shares during the last quarter. Northern Trust Corp increased its holdings in Eaton by 8.8% in the fourth quarter. Northern Trust Corp now owns 4,574,704 shares of the industrial products company's stock valued at $1,518,207,000 after buying an additional 368,241 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Eaton by 12.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock valued at $1,083,442,000 after buying an additional 427,509 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Stock Performance

ETN stock traded down $5.5980 on Tuesday, reaching $347.9020. The company's stock had a trading volume of 671,387 shares, compared to its average volume of 3,030,428. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56. The company has a market capitalization of $135.44 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18. The firm has a fifty day moving average of $358.67 and a two-hundred day moving average of $318.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business had revenue of $7.03 billion during 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 business's revenue for the quarter 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. As a group, analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th will be paid 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 dividend payout ratio (DPR) is presently 41.85%.

Analyst Upgrades and Downgrades

ETN has been the subject of several research analyst reports. BNP Paribas initiated coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective for the company. Evercore ISI boosted their price objective on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. The Goldman Sachs Group upped their target price on Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Barclays upped their target price on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Raymond James Financial upped their target price on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $383.63.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction on Thursday, August 7th. The stock was 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 directly owned 630 shares of the company's stock, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company's stock.

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.