Focus Partners Advisor Solutions LLC Has $6.75 Million Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in Eaton Corporation by 8.4% in the first quarter, bringing its total to 24,831 shares valued at approximately $6.75 million.
• Institutional investors own 82.97% of Eaton's stock, with several hedge funds modifying their positions recently.
• Eaton reported earnings per share of $2.95 for the last quarter, exceeding analysts' expectations and marking a year-over-year revenue increase of 10.7%.

Focus Partners Advisor Solutions LLC lifted its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,831 shares of the industrial products company's stock after acquiring an additional 1,918 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Eaton were worth $6,750,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new stake in shares of Eaton in the first quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in Eaton during the fourth quarter worth approximately $26,000. Creative Financial Designs Inc. ADV increased its stake in Eaton by 102.0% during the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in Eaton during the fourth quarter worth about $33,000. Finally, Abound Wealth Management boosted its position in shares of Eaton by 73.8% in the first 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 period. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

ETN has been the topic of several recent analyst reports. BNP Paribas began coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target on the stock. Barclays lifted their price target on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Rothschild & Co Redburn assumed coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price objective on the stock. Morgan Stanley raised 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. Finally, Citigroup raised their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Insider Activity

In related 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 value of $5,740,691.02. Following the completion of the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Eaton Stock Performance

Eaton stock traded up $0.82 on Friday, hitting $349.04. The company's stock had a trading volume of 2,120,722 shares, compared to its average volume of 2,957,226. The firm has a market cap of $135.88 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16. 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 company has a fifty day moving average price of $362.40 and a 200-day moving average price of $321.93. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56.

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, beating the consensus estimate of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the firm posted $2.73 EPS. The business'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. On average, equities analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

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

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.