Eaton Corporation, PLC $ETN Stock Position Raised by Logan Capital Management Inc.

Key Points

• Logan Capital Management Inc. increased its stake in Eaton Corporation by 27.1%, acquiring an additional 6,660 shares, bringing its total holdings to 31,196 shares valued at $8,480,000.
• Analysts have positive outlooks for Eaton, with targets set between $336.00 and $425.00, resulting in an average consensus rating of "Moderate Buy".
• Eaton Corporation recently declared a quarterly dividend of $1.04 per share, culminating in an annualized dividend yield of 1.2%.

Logan Capital Management Inc. lifted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 27.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 31,196 shares of the industrial products company's stock after acquiring an additional 6,660 shares during the period. Logan Capital Management Inc.'s holdings in Eaton were worth $8,480,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ETN. Capital A Wealth Management LLC purchased a new stake in Eaton in the fourth quarter valued at approximately $26,000. IMA Advisory Services Inc. acquired a new position in shares of Eaton in the 1st quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new position in shares of Eaton during the 4th quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV lifted its holdings in Eaton by 102.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 51 shares in the last quarter. Finally, Abound Wealth Management increased its stake in shares of Eaton by 73.8% in the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the company'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 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Eaton Stock Up 1.7%

Shares of NYSE:ETN traded up $6.23 during midday trading on Friday, reaching $366.31. The company had a trading volume of 3,108,319 shares, compared to its average volume of 2,942,599. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The stock's fifty day moving average price is $362.04 and its 200-day moving average price is $323.66. The stock has a market capitalization of $142.60 billion, a P/E ratio of 36.85, a PEG ratio of 2.59 and a beta of 1.16. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.03. The company had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.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 business posted $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. Equities research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given 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 presently 41.85%.

Analyst Ratings Changes

ETN has been the subject of a number of recent analyst reports. Raymond James Financial raised their price objective on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Wells Fargo & Company lifted their target price on Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Daiwa Capital Markets began coverage on shares of Eaton in a report on Thursday. They set an "outperform" rating and a $390.00 price objective on the stock. Finally, KeyCorp boosted their target price on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $379.59.

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.