36,588 Shares in Eaton Corporation, PLC $ETN Purchased by United Asset Strategies Inc.

Key Points

• United Asset Strategies Inc. acquired a new stake in Eaton Corporation, PLC during the 1st quarter, purchasing 36,588 shares valued at approximately $9.95 million.
• Eaton recently declared a quarterly dividend of $1.04 per share, with a yield of 1.2% and a payout ratio of 41.85%.
• Wall Street analysts have expressed optimism about Eaton's stock, with 14 analysts rating it as a Buy and an average target price of $379.10.

United Asset Strategies Inc. purchased a new position in Eaton Corporation, PLC (NYSE:ETN - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 36,588 shares of the industrial products company's stock, valued at approximately $9,946,000.

Other institutional investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new stake in shares of Eaton in the first quarter worth about $25,000. Capital A Wealth Management LLC bought a new stake in Eaton in the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV grew its holdings 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 valued at $27,000 after purchasing an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Eaton in the fourth quarter valued at $33,000. Finally, Abound Wealth Management raised its stake in 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 purchasing an additional 62 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Trading Up 0.6%

ETN traded up $1.9770 during trading hours on Friday, reaching $347.3570. 1,964,878 shares of the company's stock traded hands, compared to its average volume of 2,630,220. The firm has a 50-day moving average price of $360.36 and a 200 day moving average price of $319.74. The firm has a market capitalization of $135.23 billion, a PE ratio of 34.95, a PEG ratio of 2.56 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results 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. The business had revenue of $7.03 billion during 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 for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $2.73 earnings per share. 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, sell-side analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton's dividend payout ratio is currently 41.85%.

Wall Street Analyst Weigh In

A number of analysts have recently 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 report on Tuesday, July 15th. The Goldman Sachs Group boosted their price objective on Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. BNP Paribas started coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective for the company. Wells Fargo & Company boosted their target price on Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. increased their price target on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Eaton has a consensus rating of "Moderate Buy" and an average target price of $379.10.

Insider Buying and Selling at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the business'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 completion of the sale, the insider owned 630 shares in the company, valued at approximately $225,785.70. The trade was 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. Corporate insiders own 0.30% of the company's stock.

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.