Neville Rodie & Shaw Inc. Sells 808 Shares of Eaton Corporation, PLC $ETN

Key Points

• Neville Rodie & Shaw Inc. decreased its stake in Eaton Corporation, PLC by 2.0%, selling 808 shares, and now holds 40,136 shares valued at approximately $14.3 million.
• Eaton's recent quarterly earnings exceeded expectations with an EPS of $2.95 versus an estimate of $2.92, and the company reported a revenue increase of 10.7% year-over-year.
• The company's dividend payout is $1.04 per share, yielding 1.1%, with an annual payout totaling $4.16 based on a payout ratio of 41.85%.

Neville Rodie & Shaw Inc. reduced its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,136 shares of the industrial products company's stock after selling 808 shares during the period. Eaton makes up about 1.1% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 25th biggest position. Neville Rodie & Shaw Inc.'s holdings in Eaton were worth $14,328,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Eaton by 0.8% in the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock valued at $10,195,725,000 after buying an additional 289,819 shares during the period. Nuveen LLC acquired a new position in Eaton in the first quarter valued at approximately $1,472,231,000. Goldman Sachs Group Inc. lifted its holdings in Eaton by 12.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock valued at $1,083,442,000 after buying an additional 427,509 shares during the period. Invesco Ltd. lifted its holdings in Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock valued at $1,063,727,000 after buying an additional 533,774 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Eaton by 12.2% in the first quarter. Alliancebernstein L.P. now owns 3,659,851 shares of the industrial products company's stock valued at $994,857,000 after buying an additional 397,114 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Up 1.7%

Shares of ETN stock opened at $366.31 on Friday. The firm has a fifty day moving average of $362.13 and a 200-day moving average of $324.20. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The company has a market capitalization of $142.60 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm earned $2.73 earnings per share. The firm's 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 predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

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

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction on 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 sale, the insider owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ETN shares. Evercore ISI increased their price objective 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. 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 report on Thursday, August 7th. Citigroup increased their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Rothschild & Co Redburn assumed coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Eaton presently has an average rating of "Moderate Buy" and an average target price 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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