Neville Rodie & Shaw Inc. Reduces Stock Position in 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. lowered its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,136 shares of the industrial products company's stock after selling 808 shares during the period. Eaton comprises about 1.1% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 25th largest position. Neville Rodie & Shaw Inc.'s holdings in Eaton were worth $14,328,000 at the end of the most recent reporting period.

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

Eaton Price Performance

NYSE ETN traded up $9.06 during mid-day trading on Thursday, hitting $372.41. The stock had a trading volume of 1,008,363 shares, compared to its average volume of 2,930,901. The firm's 50 day moving average is $362.84 and its 200 day moving average is $325.80. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. 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 has a market capitalization of $144.98 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.65 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last issued its 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 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 firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.73 EPS. 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 forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given a $1.04 dividend. The ex-dividend date of this dividend 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 currently 41.85%.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction that occurred on 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 sale, the insider 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on ETN shares. Citigroup increased their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. KeyCorp lifted their price target on shares of Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Melius raised shares of Eaton from a "hold" rating to a "buy" rating and set a $495.00 target price for the company in a report on Monday. Raymond James Financial lifted their price objective on shares of Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Redburn Atlantic initiated coverage on Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $390.68.

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.