Peterson Wealth Management Acquires Shares of 1,335 Eaton Corporation, PLC $ETN

Key Points

• Peterson Wealth Management acquired 1,335 shares of Eaton Corporation, PLC, valued at approximately $363,000, during the first quarter.
• Eaton's stock is currently down by 0.5%, with a recent trading price of $360.51 and a market capitalization of $140.35 billion.
• The company reported a 10.7% growth in quarterly revenue year-over-year, with earnings per share of $2.95, surpassing analysts' estimates.

Peterson Wealth Management acquired a new stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,335 shares of the industrial products company's stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETN. IMA Advisory Services Inc. acquired a new stake in Eaton in the 1st quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in Eaton in the 4th quarter valued at about $26,000. Creative Financial Designs Inc. ADV increased its position 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 acquiring an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in Eaton in the 4th quarter valued at about $33,000. Finally, Abound Wealth Management increased its position in Eaton by 73.8% in the 1st 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 and hedge funds own 82.97% of the company's stock.

Eaton Stock Down 0.5%

Eaton stock opened at $360.51 on Friday. The company's 50 day simple moving average is $362.04 and its 200 day simple moving average is $323.66. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The firm has a market capitalization of $140.35 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 2.59 and a beta of 1.16. 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 (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share 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 business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the firm earned $2.73 EPS. Eaton'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, sell-side analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were paid 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 yield of 1.2%. Eaton's dividend payout ratio (DPR) is presently 41.85%.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction that occurred 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 transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. The Goldman Sachs Group lifted their price target on shares of Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Raymond James Financial lifted their price target 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. BNP Paribas Exane assumed coverage on shares of Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target for the company. Finally, Barclays lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Eaton currently 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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