Ethic Inc. Purchases 1,273 Shares of Eaton Corporation, PLC $ETN

Key Points

• Ethic Inc. increased its stake in Eaton Corporation, PLC by 3.5% in the first quarter, holding a total of 37,809 shares valued at approximately $10.46 million.
• Eaton reported $2.95 earnings per share for the quarter, exceeding estimates, and recorded a 10.7% year-over-year revenue growth with earnings also surpassing last year's EPS of $2.73.
• The company has declared a quarterly dividend of $1.04 per share, with a payout ratio of 41.85%, emphasizing its commitment to returning value to shareholders.

Ethic Inc. lifted its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 37,809 shares of the industrial products company's stock after purchasing an additional 1,273 shares during the quarter. Ethic Inc.'s holdings in Eaton were worth $10,462,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Eaton by 19.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,445 shares of the industrial products company's stock worth $665,000 after acquiring an additional 390 shares during the last quarter. Element Capital Management LLC acquired a new position in Eaton in the first quarter valued at approximately $2,596,000. Aberdeen Group plc increased its position in Eaton by 128.4% in the first quarter. Aberdeen Group plc now owns 444,390 shares of the industrial products company's stock worth $119,659,000 after buying an additional 249,788 shares during the period. Dimensional Fund Advisors LP increased its position in Eaton by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,408,680 shares of the industrial products company's stock worth $382,897,000 after buying an additional 60,820 shares during the period. Finally, Providence Capital Advisors LLC boosted its position in shares of Eaton by 1.7% during the first quarter. Providence Capital Advisors LLC now owns 19,539 shares of the industrial products company's stock worth $5,311,000 after buying an additional 333 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Down 1.4%

Shares of NYSE:ETN traded down $4.9280 during midday trading on Tuesday, reaching $348.5720. The company had a trading volume of 1,868,122 shares, compared to its average volume of 3,038,684. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The business's 50 day moving average price is $358.67 and its 200 day moving average price is $318.89. The stock has a market cap of $135.70 billion, a PE ratio of 35.07, a P/E/G ratio of 2.59 and a beta of 1.18. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the business earned $2.73 earnings per share. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Research analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th will be paid a $1.04 dividend. The ex-dividend date is Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. Eaton's dividend payout ratio (DPR) is currently 41.85%.

Analyst Ratings Changes

A number of research firms have weighed in on ETN. Wells Fargo & Company upped their target price on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Morgan Stanley increased their price objective on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Citigroup increased their price objective on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen lowered Eaton from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, BNP Paribas Exane began coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective on the stock. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $383.63.

Insider Activity at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction dated 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 owned 630 shares in the company, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.