Strs Ohio Purchases Shares of 88,294 Eaton Corporation, PLC $ETN

Key Points

• Strs Ohio acquired a new stake in Eaton Corporation, purchasing 88,294 shares valued at approximately $24 million during the first quarter.
• Eaton announced a quarterly dividend of $1.04 per share, representing an annualized yield of 1.1%, with a payout ratio of 41.85%.
• Analysts have raised their price targets for Eaton, with estimates now ranging from $360.00 to $415.00, reflecting a consensus rating of "Moderate Buy".

Strs Ohio purchased a new stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 88,294 shares of the industrial products company's stock, valued at approximately $24,001,000.

Other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new position in shares of Eaton in the first quarter worth about $25,000. Capital A Wealth Management LLC bought a new position in shares of Eaton in the fourth quarter worth about $26,000. Creative Financial Designs Inc. ADV raised its stake in shares of 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 acquiring an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of Eaton in the fourth quarter worth about $33,000. Finally, Abound Wealth Management raised its stake in shares of Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after acquiring an additional 62 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the company'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 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. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company's stock.

Eaton Trading Up 1.7%

Shares of NYSE ETN opened at $366.31 on Friday. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two 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 firm has a market capitalization of $142.60 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16. The company's 50 day simple moving average is $362.13 and its 200 day simple moving average is $324.20.

Eaton (NYSE:ETN - Get Free Report) last issued its 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 firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm earned $2.73 earnings per share. 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. On average, analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wells Fargo & Company boosted their target price on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Raymond James Financial boosted their price target on shares of Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Daiwa Capital Markets initiated coverage on shares of Eaton in a report on Thursday. They issued an "outperform" rating and a $390.00 price objective on the stock. Finally, Daiwa America upgraded shares of Eaton to a "strong-buy" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and a consensus 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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