Steward Partners Investment Advisory LLC Raises Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Eaton Corporation by 3.5%, holding 147,508 shares valued at approximately $40.1 million.
• Eaton Corporation's stock has a consensus rating of "Moderate Buy" from analysts with an average target price of $383.63.
• The company recently announced a quarterly dividend of $1.04, representing a 1.2% yield, which will be paid to investors of record on August 7th.

Steward Partners Investment Advisory LLC boosted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,508 shares of the industrial products company's stock after buying an additional 4,956 shares during the period. Steward Partners Investment Advisory LLC's holdings in Eaton were worth $40,097,000 as of its most recent SEC filing.

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

Eaton Price Performance

Eaton stock traded down $4.9280 during midday trading on Tuesday, reaching $348.5720. 1,868,562 shares of the stock traded hands, compared to its average volume of 2,632,172. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The stock's fifty day moving average is $359.15 and its 200-day moving average is $319.09. The stock has a market cap of $135.70 billion, a P/E ratio of 35.07, a PEG ratio of 2.61 and a beta of 1.18.

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. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the firm posted $2.73 EPS. The business's quarterly 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. As a group, equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th will be given 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 is Thursday, August 7th. Eaton's dividend payout ratio (DPR) is 41.85%.

Analyst Ratings Changes

A number of research analysts have issued reports on ETN shares. Wells Fargo & Company boosted their price objective on shares of Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. KeyCorp lifted their target price on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. BNP Paribas Exane initiated coverage on shares of Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price for the company. Citigroup increased their price target on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Barclays upped their price target on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $383.63.

Insider Activity

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction dated 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 sale, the insider owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.30% of the company's stock.

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.