Private Trust Co. NA Acquires 980 Shares of Eaton Corporation, PLC $ETN

Key Points

• Private Trust Co. NA has increased its holdings in Eaton Corporation, PLC by 11.4% during the 2nd quarter, acquiring an additional 980 shares, bringing their total to 9,561 shares valued at approximately $3.4 million.
• Eaton reported $2.95 earnings per share for the last quarter, exceeding analysts' expectations, and its revenue increased by 10.7% year-over-year to $7.03 billion.
$1.04 per share, with an annualized dividend yield of 1.1% and a payout ratio of 41.85%.

Private Trust Co. NA increased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,561 shares of the industrial products company's stock after purchasing an additional 980 shares during the period. Private Trust Co. NA's holdings in Eaton were worth $3,413,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ETN. Brighton Jones LLC lifted its holdings in shares of Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 45 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 136 shares in the last quarter. GAMMA Investing LLC lifted 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 valued at $3,593,000 after purchasing an additional 96 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Eaton in the 1st quarter valued at approximately $493,000. Finally, Shepherd Financial Partners LLC lifted its stake in Eaton by 2.6% in the 1st quarter. Shepherd Financial Partners LLC now owns 1,785 shares of the industrial products company's stock valued at $485,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Eaton Trading Down 1.7%

Shares of Eaton stock opened at $375.33 on Friday. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The stock has a market cap of $146.12 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.73 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $362.41 and its 200-day moving average is $338.34.

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

Eaton Announces Dividend

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

Analyst Ratings Changes

ETN has been the topic of several research reports. Sanford C. Bernstein restated an "outperform" rating and issued a $396.00 target price on shares of Eaton in a research note on Monday, July 14th. Daiwa Capital Markets initiated coverage on Eaton in a research note on Thursday, September 11th. They issued an "outperform" rating and a $390.00 target price on the stock. Rothschild Redb upgraded Eaton to a "hold" rating in a research note on Wednesday, August 20th. Wells Fargo & Company boosted their target price on Eaton from $375.00 to $395.00 and gave the company an "equal weight" rating in a research note on Monday, October 6th. Finally, Melius upgraded Eaton from a "hold" rating to a "buy" rating and set a $495.00 target price on the stock in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $396.64.

Insider Buying and Selling at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. The trade was 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 the SEC website. Insiders own 0.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.