Kestra Advisory Services LLC Increases Position in Eaton Corporation, PLC $ETN

Key Points

• Kestra Advisory Services LLC increased its stakes in Eaton Corporation, PLC by 9.0%, owning over 141,120 shares now valued at approximately $38.36 million.
• Multiple analysts have raised their price targets for Eaton, with Raymond James increasing it to $415.00 and others giving an overall average target of $379.10, indicating a Moderate Buy rating.
• Eaton recently reported quarterly earnings of $2.95 per share, exceeding estimates, and declared a quarterly dividend of $1.04 per share, reflecting a 1.2% yield.

Kestra Advisory Services LLC grew its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,120 shares of the industrial products company's stock after purchasing an additional 11,600 shares during the period. Kestra Advisory Services LLC's holdings in Eaton were worth $38,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ETN. IMA Advisory Services Inc. bought a new position in Eaton in the first quarter worth about $25,000. Capital A Wealth Management LLC purchased a new stake in Eaton in the fourth quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV increased its stake in shares of Eaton by 102.0% in 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 period. Vermillion Wealth Management Inc. acquired a new stake in Eaton during the 4th quarter worth about $33,000. Finally, Abound Wealth Management raised its position in Eaton by 73.8% during 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. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

ETN has been the topic of several research analyst reports. Raymond James Financial raised their price objective on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Evercore ISI increased their price target on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Wells Fargo & Company raised their price target on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. The Goldman Sachs Group increased their target price on shares of Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Redburn Atlantic started coverage on Eaton in a research report on Wednesday. They issued a "hold" rating and a $336.00 target price for the company. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Eaton currently has an average rating of "Moderate Buy" and an average price target of $379.10.

Eaton Price Performance

Shares of NYSE ETN opened at $345.3330 on Friday. The company's fifty day moving average is $359.87 and its two-hundred day moving average is $319.49. The firm has a market capitalization of $134.44 billion, a P/E ratio of 34.74, a PEG ratio of 2.55 and a beta of 1.18. 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 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. The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. 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. Analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 7th. Eaton's payout ratio is currently 41.85%.

Insider Activity

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm's 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 transaction, the insider directly owned 630 shares of the company's stock, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

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.

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