Integrity Alliance LLC. Takes Position in Eaton Corporation, PLC $ETN

Key Points

• Integrity Alliance LLC. has acquired a new stake in Eaton Corporation, purchasing 2,346 shares valued at approximately $638,000.
• Institutional investors own 82.97% of Eaton's stock, indicating strong institutional interest in the company.
• Eaton reported a $2.95 EPS in its latest quarterly earnings, beating analyst expectations of $2.92, with a revenue increase of 10.7% year-over-year.

Integrity Alliance LLC. acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,346 shares of the industrial products company's stock, valued at approximately $638,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC raised its stake in Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 136 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in Eaton during the 4th quarter valued at $42,839,000. ProShare Advisors LLC raised its stake in Eaton by 11.2% during the 4th quarter. ProShare Advisors LLC now owns 62,317 shares of the industrial products company's stock valued at $20,681,000 after purchasing an additional 6,269 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in Eaton by 9.5% during the 4th quarter. Rafferty Asset Management LLC now owns 37,587 shares of the industrial products company's stock valued at $12,474,000 after purchasing an additional 3,253 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Stock Up 1.7%

ETN stock opened at $366.31 on Friday. 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 52-week low of $231.85 and a 52-week high of $399.56. The company has a 50-day moving average of $362.13 and a two-hundred day moving average of $324.20. The stock has a market capitalization of $142.60 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16.

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 (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $6.93 billion. During the same period in the prior year, the company earned $2.73 earnings per share. The business's quarterly 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, equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

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

Insider Buying and Selling 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 sale, the insider owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ETN shares. Evercore ISI increased their target price on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Rothschild Redb raised shares of Eaton to a "hold" rating in a research report on Wednesday, August 20th. Barclays increased their target price on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Raymond James Financial increased their target price on shares of Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $396.00 target price on shares of Eaton in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Eaton presently has an average rating of "Moderate Buy" and an average price target of $379.59.

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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