Farther Finance Advisors LLC Buys 2,483 Shares of Eaton Corporation, PLC $ETN

Key Points

• Farther Finance Advisors LLC increased its stake in Eaton Corporation, PLC by 24.4% during Q2, owning shares valued at $4.52 million.
• Several analysts have upgraded Eaton's stock, with Melius raising their price target from $412 to $495, indicating growing confidence in its performance.
• Eaton recently declared a dividend of $1.04 per share, representing an annualized yield of 1.1%, with a payout ratio of 41.85%.

Farther Finance Advisors LLC increased its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 24.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,659 shares of the industrial products company's stock after purchasing an additional 2,483 shares during the period. Farther Finance Advisors LLC's holdings in Eaton were worth $4,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ETN. Nuveen LLC bought a new stake in shares of Eaton in the 1st quarter worth $1,472,231,000. GAMMA Investing LLC boosted its stake in shares of Eaton by 27,281.9% in the first quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company's stock worth $976,772,000 after acquiring an additional 3,580,198 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Eaton by 85.4% during the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company's stock worth $986,966,000 after purchasing an additional 1,672,175 shares in the last quarter. Fayez Sarofim & Co raised its stake in shares of Eaton by 606.3% during the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company's stock worth $282,262,000 after buying an additional 880,656 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock valued at $1,063,727,000 after acquiring an additional 533,774 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Transactions at Eaton

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 corporate insiders.

Eaton Trading Up 1.0%

ETN traded up $3.68 during trading on Friday, reaching $374.95. The company had a trading volume of 3,482,977 shares, compared to its average volume of 2,157,626. The firm's 50-day simple moving average is $363.40 and its 200 day simple moving average is $327.73. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. 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 company has a market cap of $145.97 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 2.68 and a beta of 1.17.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 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%.The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business 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. Equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.1%. Eaton's dividend payout ratio (DPR) is currently 41.85%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ETN. Morgan Stanley raised their price objective on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Sanford C. Bernstein reiterated an "outperform" rating and set a $396.00 price objective on shares of Eaton in a report on Monday, July 14th. KeyCorp increased their target price on shares of Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Citigroup raised their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $390.68.

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.