First Financial Bankshares Inc Has $58.49 Million Stock Position in Eaton Corporation, PLC $ETN

Key Points

• First Financial Bankshares Inc increased its stake in Eaton Corporation, PLC (NYSE:ETN) by 1.2%, owning approximately 0.05% of the company valued at $58.49 million.
• Several institutional investors, including Vanguard and Goldman Sachs, have also increased their positions in Eaton, collectively owning over 82.97% of the stock.
• Eaton has reported strong financial results, with $2.95 earnings per share for the latest quarter, surpassing consensus estimates, and a year-over-year revenue increase of 10.7%.

First Financial Bankshares Inc grew its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 215,159 shares of the industrial products company's stock after purchasing an additional 2,507 shares during the period. First Financial Bankshares Inc owned about 0.05% of Eaton worth $58,487,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. IMA Advisory Services Inc. acquired a new stake in shares of Eaton in the 1st quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in shares of Eaton during the 4th quarter valued at $26,000. Creative Financial Designs Inc. ADV grew its holdings in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after buying an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Eaton during the 4th quarter valued at about $33,000. Finally, Abound Wealth Management lifted its position in Eaton by 73.8% in the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after buying an additional 62 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ETN shares. Evercore ISI increased their target price on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. The Goldman Sachs Group upped their price target on Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Citigroup upped their price target on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their target price on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, KeyCorp increased their price target on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the sale, the insider owned 630 shares of the company's stock, valued at approximately $225,785.70. This represents a 96.22% decrease in their ownership of the stock. 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 insiders.

Eaton Stock Performance

NYSE:ETN traded up $0.82 on Friday, reaching $349.04. 2,120,722 shares of the company's stock were exchanged, compared to its average volume of 2,957,226. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56. The firm has a market cap of $135.88 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The stock has a fifty day simple moving average of $362.40 and a 200-day simple moving average of $321.93.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results 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 net margin of 15.11% and a return on equity of 23.91%. The company had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter in the previous year, the business posted $2.73 EPS. Eaton's revenue 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, sell-side analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's payout ratio is currently 41.85%.

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.