TD Private Client Wealth LLC Decreases Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• TD Private Client Wealth LLC has reduced its stake in Eaton Corporation by 6.3%, now holding 10,727 shares worth $3,829,000 after selling 724 shares in the second quarter.
• Several institutional investors have increased their positions in Eaton, with 82.97% of the company's stock now owned by such investors.
• Eaton's stock is currently rated as a Moderate Buy by analysts, with a consensus target price of $390.68 per share.

TD Private Client Wealth LLC cut its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,727 shares of the industrial products company's stock after selling 724 shares during the period. TD Private Client Wealth LLC's holdings in Eaton were worth $3,829,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ETN. IMA Advisory Services Inc. purchased a new stake in Eaton during the first quarter worth $25,000. Creative Financial Designs Inc. ADV boosted its position in shares of Eaton by 102.0% in the 1st 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. Abound Wealth Management grew 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 valued at $40,000 after acquiring an additional 62 shares during the last quarter. Graybill Wealth Management LTD. purchased a new position in Eaton during the 1st quarter valued at about $41,000. Finally, Saudi Central Bank acquired a new position in Eaton during the first quarter worth about $42,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

ETN has been the topic of several research reports. KeyCorp increased 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. Barclays upped their target price on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Sanford C. Bernstein reissued an "outperform" rating and set a $396.00 price target on shares of Eaton in a research report on Monday, July 14th. Daiwa Capital Markets started coverage on Eaton in a report on Thursday, September 11th. They issued an "outperform" rating and a $390.00 price target for the company. Finally, Rothschild Redb raised Eaton to a "hold" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $390.68.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction 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 transaction, the insider owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The sale 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 Stock Up 1.0%

Shares of NYSE:ETN opened at $372.20 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $144.90 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.63 and a beta of 1.16. The stock's 50-day moving average price is $364.09 and its two-hundred day moving average price is $328.97. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-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 for the quarter, topping 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 analyst estimates of $6.93 billion. During the same period in the prior year, the firm posted $2.73 EPS. The company'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, research analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 7th. Eaton's dividend payout ratio is presently 41.85%.

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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