Southeast Asset Advisors LLC Has $1.53 Million Stake in Eaton Corporation, PLC $ETN

Key Points

• Southeast Asset Advisors LLC increased its stake in Eaton Corporation by 21.6%, purchasing an additional 1,000 shares, bringing its total holdings to 5,623 shares valued at $1.528 million.
• Several institutional investors have significantly increased their holdings in Eaton, with Nuveen LLC acquiring a new position valued at approximately $1.472 billion.
• The stock has received a consensus rating of "Moderate Buy" with an average target price of $379.10 from research analysts, reflecting strong interest in Eaton's future performance.

Southeast Asset Advisors LLC increased its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 21.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,623 shares of the industrial products company's stock after purchasing an additional 1,000 shares during the quarter. Southeast Asset Advisors LLC's holdings in Eaton were worth $1,528,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Eaton by 0.7% in the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock valued at $3,593,000 after buying an additional 96 shares during the period. Bearing Point Capital LLC bought a new stake in Eaton in the fourth quarter worth about $2,713,000. Brighton Jones LLC lifted its holdings in Eaton by 4.9% in 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. Kennebec Savings Bank grew its stake in shares of Eaton by 5.4% in the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock worth $738,000 after purchasing an additional 139 shares during the last quarter. Finally, American National Bank & Trust grew its stake in shares of Eaton by 5.4% in the 1st quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock worth $855,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Stock Up 1.2%

ETN traded up $4.13 on Thursday, reaching $355.53. 1,771,830 shares of the company traded hands, compared to its average volume of 2,984,185. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week 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 company has a market cap of $138.41 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.59 and a beta of 1.18. The stock's 50 day moving average price is $361.31 and its 200-day moving average price is $320.44.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating 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 analysts' expectations of $6.93 billion. During the same period in the previous year, the company posted $2.73 EPS. Eaton's revenue 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. On average, sell-side analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton's payout ratio is currently 41.85%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Evercore ISI raised their price objective on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. BNP Paribas Exane began coverage on Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price on the stock. Rothschild Redb upgraded Eaton to a "hold" rating in a research report on Wednesday, August 20th. Finally, Rothschild & Co Redburn started coverage on Eaton in a report on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $379.10.

Insider Activity 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 value of $5,740,691.02. Following the completion of the sale, the insider 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company's stock.

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.