Eaton Corporation, PLC $ETN Shares Acquired by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. increased its holdings in Eaton Corporation by 39.0%, bringing their total shares to 8,413, valued at approximately $2.29 million.
• Analysts have varying ratings for Eaton, with a consensus target price of $383.63 and a mix of "buy" and "hold" ratings from several firms.
• The company recently announced a quarterly dividend of $1.04, reflecting an annualized dividend yield of 1.2% and a payout ratio of 41.85%.

Tocqueville Asset Management L.P. boosted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 39.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,413 shares of the industrial products company's stock after buying an additional 2,359 shares during the period. Tocqueville Asset Management L.P.'s holdings in Eaton were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new position in Eaton during the 1st quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in Eaton during the 4th quarter valued at about $26,000. Creative Financial Designs Inc. ADV increased its position in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after buying an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in Eaton during the 4th quarter valued at about $33,000. Finally, Abound Wealth Management increased its position in Eaton by 73.8% during the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after buying an additional 62 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ETN has been the topic of several research analyst reports. BNP Paribas Exane initiated coverage on Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target on the stock. Citigroup boosted their price target on Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. BNP Paribas initiated coverage on Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target on the stock. Barclays boosted their price target on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley boosted their price target on Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.10.

Eaton Stock Performance

Shares of ETN traded up $1.9770 during mid-day trading on Friday, reaching $347.3570. The company had a trading volume of 1,964,878 shares, compared to its average volume of 2,630,220. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $135.23 billion, a P/E ratio of 34.95, a PEG ratio of 2.55 and a beta of 1.18. The stock has a 50 day moving average of $360.36 and a two-hundred day moving average of $319.71.

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, topping analysts' consensus estimates of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the business earned $2.73 earnings per share. The company's revenue was up 10.7% compared to the same quarter last year. 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 expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders 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 dividend on an annualized basis and a yield of 1.2%. Eaton's dividend payout ratio is currently 41.85%.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider owned 630 shares in the company, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company's stock.

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.