Greatmark Investment Partners Inc. Acquires Shares of 873 Eaton Corporation, PLC $ETN

Key Points

• Greatmark Investment Partners Inc. acquired 873 shares of Eaton Corporation, representing a stake valued at approximately $312,000, during the second quarter of the year.
• Several analysts have recently updated their price targets for Eaton, with Goldman Sachs setting a new target of $382.00 and JPMorgan Chase & Co. raising theirs to $429.00.
• Eaton's recent quarterly earnings results showed earnings of $2.95 per share, surpassing expectations and marking a 10.7% revenue increase year-over-year.

Greatmark Investment Partners Inc. acquired a new stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 873 shares of the industrial products company's stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in shares of Eaton during the 1st quarter worth about $25,000. Creative Financial Designs Inc. ADV raised its holdings 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 purchasing an additional 51 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company's stock worth $49,000 after buying an additional 36 shares during the last quarter. Graybill Wealth Management LTD. acquired a new position in shares of Eaton in the 1st quarter valued at $41,000. Finally, Saudi Central Bank acquired a new stake in Eaton during the 1st quarter worth $42,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on Eaton from $380.00 to $429.00 and gave the company an "overweight" rating in a report on Wednesday, October 15th. Wall Street Zen downgraded Eaton from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Melius Research upgraded shares of Eaton from a "hold" rating to a "buy" rating and upped their price objective for the stock from $412.00 to $495.00 in a research report on Monday, September 15th. Finally, Rothschild & Co Redburn began coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $398.45.

Insider Buying and Selling

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 value of $5,740,691.02. Following the completion of the sale, the insider owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company's stock.

Eaton Stock Down 1.1%

ETN stock opened at $373.63 on Wednesday. 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 Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The firm has a market capitalization of $145.45 billion, a PE ratio of 37.59, a P/E/G ratio of 2.70 and a beta of 1.18. The company's 50 day simple moving average is $363.19 and its 200-day simple moving average is $341.08.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the business posted $2.73 earnings per share. 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. Equities analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Thursday, November 6th will be given a $1.04 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. Eaton's payout ratio is currently 41.85%.

Eaton 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.

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