Howe & Rusling Inc. Invests $236,000 in Eaton Corporation, PLC $ETN

Key Points

• Howe & Rusling Inc. has invested approximately $236,000 in Eaton Corporation, acquiring 868 shares during the first quarter.
• Eaton recently reported a quarterly earnings per share (EPS) of $2.95, exceeding the consensus estimate by $0.03 and showing a revenue increase of 10.7% year-over-year.
• The company has announced a quarterly dividend of $1.04, representing an annualized yield of 1.1%, with a payout ratio currently at 41.85%.

Howe & Rusling Inc. bought a new position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 868 shares of the industrial products company's stock, valued at approximately $236,000.

Several other institutional investors have also recently added to or reduced their stakes in ETN. IMA Advisory Services Inc. acquired a new stake in Eaton in the first quarter valued at $25,000. Capital A Wealth Management LLC acquired a new stake in Eaton in the fourth quarter valued at $26,000. Creative Financial Designs Inc. ADV raised its holdings in Eaton by 102.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in Eaton in the fourth quarter valued at $33,000. Finally, Abound Wealth Management raised its holdings in Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 62 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on ETN. Redburn Atlantic began coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a "hold" rating and a $336.00 target price for the company. Rothschild Redb upgraded shares of Eaton to a "hold" rating in a research note on Wednesday, August 20th. Raymond James Financial boosted their target price on shares of Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wells Fargo & Company boosted their target price on shares of Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen lowered shares of Eaton from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $379.59.

Eaton Stock Up 1.7%

Eaton stock opened at $366.31 on Friday. The company has a 50-day simple moving average of $362.13 and a 200-day simple moving average of $324.20. The firm has a market capitalization of $142.60 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. 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 released its quarterly 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 business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, equities analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, August 7th. Eaton's dividend payout ratio is currently 41.85%.

Insider Transactions at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction dated 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 owned 630 shares in the company, valued at $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.30% of the stock is 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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