Texas Capital Bank Wealth Management Services Inc Makes New Investment in Eaton Corporation, PLC $ETN

Key Points

• Texas Capital Bank Wealth Management Services Inc has acquired a new position in Eaton Corporation, PLC, purchasing 755 shares valued at approximately $205,000.
• Insider Olivier Leonetti sold 16,018 shares of Eaton, representing a significant 96.22% decrease in their position, valued at over $5.7 million.
• Eaton has announced a quarterly dividend of $1.04 per share, with an annualized yield of 1.2%, marking a dividend payout ratio of 41.85%.

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 755 shares of the industrial products company's stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Colonial Trust Advisors increased its holdings in Eaton by 5.5% during the 1st quarter. Colonial Trust Advisors now owns 46,377 shares of the industrial products company's stock worth $12,607,000 after purchasing an additional 2,417 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Eaton by 9.4% during the first quarter. Wellington Management Group LLP now owns 29,222 shares of the industrial products company's stock worth $7,943,000 after purchasing an additional 2,501 shares during the last quarter. Korea Investment CORP lifted its position in shares of Eaton by 23.1% during the first quarter. Korea Investment CORP now owns 372,668 shares of the industrial products company's stock worth $101,302,000 after purchasing an additional 69,947 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Eaton by 7.1% during the first quarter. Aptus Capital Advisors LLC now owns 42,965 shares of the industrial products company's stock worth $11,679,000 after purchasing an additional 2,861 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Eaton by 23.9% during the first quarter. Brooklyn Investment Group now owns 5,132 shares of the industrial products company's stock worth $1,395,000 after purchasing an additional 991 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the firm'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 sale, the insider directly owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Eaton Trading Down 1.4%

Shares of NYSE ETN opened at $348.5720 on Wednesday. The company has a market cap of $135.70 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. 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 stock's 50 day simple moving average is $359.15 and its 200 day simple moving average is $319.09.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business 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. Equities research analysts expect 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. Investors of record on Thursday, August 7th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 7th. Eaton's dividend payout ratio (DPR) is currently 41.85%.

Analysts Set New Price Targets

Several research analysts have recently commented on ETN shares. Wells Fargo & Company lifted their target price on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Citigroup lifted their target price on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Barclays lifted their target price on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. BNP Paribas started coverage on Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price for the company. Finally, Morgan Stanley lifted their target price on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $383.63.

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.

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