SVB Wealth LLC Has $11.62 Million Holdings in Eaton Corporation, PLC $ETN

Key Points

• SVB Wealth LLC reduced its holdings in Eaton Corporation by 13.9%, selling 6,910 shares to own a total of 42,728 shares worth approximately $11.6 million.
• Insider Olivier Leonetti sold 16,018 shares at an average price of $358.39, resulting in a total transaction of over $5.7 million, significantly reducing his ownership by 96.22%.
• Equities analysts have a favorable outlook on Eaton, with multiple upgrades and a current average price target of $379.10, reflecting a consensus rating of "Moderate Buy."

SVB Wealth LLC cut its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 13.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,728 shares of the industrial products company's stock after selling 6,910 shares during the quarter. SVB Wealth LLC's holdings in Eaton were worth $11,615,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new position in Eaton in the 1st quarter worth $25,000. Capital A Wealth Management LLC bought a new stake in Eaton in the fourth quarter worth about $26,000. Creative Financial Designs Inc. ADV lifted 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 purchasing an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Eaton during the fourth quarter valued at approximately $33,000. Finally, Abound Wealth Management raised its stake in shares of Eaton by 73.8% during the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 62 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Performance

Shares of ETN stock traded up $5.03 during trading hours on Thursday, reaching $356.43. The stock had a trading volume of 849,888 shares, compared to its average volume of 2,978,430. The firm has a market capitalization of $138.76 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18. 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 50-day simple moving average of $361.31 and a 200-day simple moving average of $320.44. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56.

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

Eaton Dividend Announcement

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

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ETN shares. Redburn Atlantic initiated coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price target on the stock. Rothschild Redb upgraded shares of Eaton to a "hold" rating in a report on Wednesday, August 20th. Evercore ISI increased their price objective on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. KeyCorp raised their price target on shares of Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Citigroup lifted their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, Eaton presently has an average rating of "Moderate Buy" and a consensus target price of $379.10.

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.