Harbor Investment Advisory LLC Has $1.87 Million Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• Harbor Investment Advisory LLC increased its stake in Eaton Corporation by 16.2% during Q2, owning 5,249 shares worth $1.87 million.
• Several analysts have raised their price targets for Eaton, with Citigroup increasing its target from $420 to $425, while the average price target is currently $379.59.
• Eaton has declared a quarterly dividend of $1.04 per share, resulting in an annualized yield of 1.1% and a dividend payout ratio of 41.85%.

Harbor Investment Advisory LLC lifted its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 16.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,249 shares of the industrial products company's stock after acquiring an additional 730 shares during the quarter. Harbor Investment Advisory LLC's holdings in Eaton were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock worth $1,109,000 after buying an additional 45 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock worth $303,000 after buying an additional 136 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Eaton during the fourth quarter worth $42,839,000. ProShare Advisors LLC increased its position in Eaton by 11.2% during the fourth quarter. ProShare Advisors LLC now owns 62,317 shares of the industrial products company's stock worth $20,681,000 after buying an additional 6,269 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its position in Eaton by 9.5% during the fourth quarter. Rafferty Asset Management LLC now owns 37,587 shares of the industrial products company's stock worth $12,474,000 after buying an additional 3,253 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup increased their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Evercore ISI upped their price target on shares of Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. KeyCorp upped their price target on shares of Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Wells Fargo & Company upped their price target on shares of Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Finally, Barclays upped their price target on shares of Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Eaton presently has a consensus rating of "Moderate Buy" and an average price target of $379.59.

Eaton Stock Up 1.7%

NYSE ETN opened at $366.31 on Friday. 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 firm has a 50-day simple moving average of $362.13 and a 200 day simple moving average of $324.20. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The stock has a market cap of $142.60 billion, a PE ratio of 36.85, a PEG ratio of 2.57 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share 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 business had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter last year, the company earned $2.73 earnings per share. The firm's revenue 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, research analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

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

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were 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 $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 is available at this link. 0.30% of the stock is currently owned by corporate insiders.

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.

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