Whittier Trust Co. of Nevada Inc. Grows Position in Eaton Corporation, PLC $ETN

Key Points

• Whittier Trust Co. of Nevada Inc. increased its stake in Eaton Corporation by 2.2%, resulting in a total of 111,861 shares owned, valued at approximately $39.93 million.
• Eaton Corporation reported quarterly earnings of $2.95 per share, surpassing estimates, with revenues of $7.03 billion, growing 10.7% year-over-year.
• The firm also declared a quarterly dividend of $1.04 per share, translating to an annualized dividend of $4.16 and a yield of 1.1%.

Whittier Trust Co. of Nevada Inc. increased its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,861 shares of the industrial products company's stock after purchasing an additional 2,395 shares during the period. Eaton makes up 0.9% of Whittier Trust Co. of Nevada Inc.'s portfolio, making the stock its 20th largest holding. Whittier Trust Co. of Nevada Inc.'s holdings in Eaton were worth $39,932,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETN. Brighton Jones LLC lifted its holdings in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after buying an additional 45 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock worth $303,000 after purchasing an additional 136 shares during the last quarter. GAMMA Investing LLC grew its position in Eaton by 0.7% during the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock worth $3,593,000 after purchasing an additional 96 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in Eaton during the 1st quarter worth approximately $571,000. Finally, Palumbo Wealth Management LLC grew its position in Eaton by 10.0% during the 1st quarter. Palumbo Wealth Management LLC now owns 3,163 shares of the industrial products company's stock worth $860,000 after purchasing an additional 287 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider directly 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 SEC, which is accessible through this link. Company insiders own 0.30% of the company's stock.

Eaton Stock Up 1.3%

Shares of ETN opened at $378.03 on Tuesday. The stock has a market capitalization of $147.17 billion, a PE ratio of 38.03, a P/E/G ratio of 2.67 and a beta of 1.18. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The company's 50-day simple moving average is $362.98 and its 200-day simple moving average is $340.86.

Eaton (NYSE:ETN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.03. The firm 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 firm's revenue was up 10.7% compared to the same quarter last year. During the same quarter 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. Analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders 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 dividend yield of 1.1%. Eaton's dividend payout ratio (DPR) is 41.85%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Melius Research raised shares of Eaton from a "hold" rating to a "buy" rating and upped their price objective for the company from $412.00 to $495.00 in a report on Monday, September 15th. Mizuho boosted their target price on shares of Eaton from $385.00 to $425.00 and gave the company an "outperform" rating in a research note on Friday. Daiwa America upgraded shares of Eaton to a "strong-buy" rating in a research report on Thursday, September 11th. KeyCorp upped their price objective on shares of Eaton from $410.00 to $420.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Eaton from $380.00 to $429.00 and gave the stock an "overweight" rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $398.45.

About Eaton

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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