Prime Capital Investment Advisors LLC Grows Stock Position in Eaton Corporation, PLC $ETN

Key Points

• Prime Capital Investment Advisors LLC increased its stake in Eaton Corporation, PLC by 80.8%, owning 43,060 shares worth $15.37 million after acquiring an additional 19,250 shares in Q2.
• Eaton reported a quarterly EPS of $2.95, exceeding consensus estimates, and announced a quarterly dividend of $1.04 per share, which represents a yield of 1.1%.
• Various brokerages have raised their price targets for Eaton shares, with Morgan Stanley setting a new target of $425.00 and maintaining an "overweight" rating.

Prime Capital Investment Advisors LLC boosted its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 80.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,060 shares of the industrial products company's stock after purchasing an additional 19,250 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Eaton were worth $15,372,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ETN. GAMMA Investing LLC boosted its holdings in shares of Eaton by 0.7% during the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock worth $3,593,000 after purchasing an additional 96 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Eaton by 41.1% in the 1st quarter. Focus Partners Wealth now owns 81,444 shares of the industrial products company's stock worth $22,140,000 after acquiring an additional 23,736 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in shares of Eaton by 16.0% during the 1st quarter. Jacobi Capital Management LLC now owns 7,633 shares of the industrial products company's stock worth $2,075,000 after acquiring an additional 1,050 shares during the period. Brighton Jones LLC boosted its position in shares of Eaton by 4.9% during the 1st quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after acquiring an additional 164 shares during the last quarter. Finally, SCS Capital Management LLC purchased a new stake in shares of Eaton in the first quarter valued at about $815,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Stock Down 0.8%

Eaton stock opened at $373.69 on Monday. The firm has a market capitalization of $145.48 billion, a P/E ratio of 37.60, a P/E/G ratio of 2.67 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The stock's fifty day simple moving average is $362.76 and its 200-day simple moving average is $333.49.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same period in the previous year, the firm posted $2.73 EPS. Eaton's revenue for the quarter was up 10.7% on a year-over-year basis. 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 analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were issued a $1.04 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.1%. Eaton's dividend payout ratio (DPR) is 41.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ETN. Morgan Stanley lifted their target price on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group lifted their price target on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Daiwa Capital Markets started coverage on Eaton in a research report on Thursday, September 11th. They issued an "outperform" rating and a $390.00 price objective for the company. KeyCorp lifted their target price on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Redburn Atlantic began coverage on Eaton in a report on Wednesday, August 20th. They set a "hold" rating and a $336.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $390.68.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the business'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 transaction of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

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.

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