Bahl & Gaynor Inc. Has $327.44 Million Stake in Eaton Corporation, PLC $ETN

Bahl & Gaynor Inc. increased its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 15.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,204,589 shares of the industrial products company’s stock after acquiring an additional 162,059 shares during the period. Eaton accounts for about 1.7% of Bahl & Gaynor Inc.’s holdings, making the stock its 20th largest position. Bahl & Gaynor Inc. owned about 0.31% of Eaton worth $327,443,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new position in shares of Eaton during the 4th quarter valued at about $26,000. IMA Advisory Services Inc. acquired a new stake in Eaton in the 1st quarter valued at approximately $25,000. Vermillion Wealth Management Inc. acquired a new stake in Eaton in the 4th quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV grew its holdings in Eaton by 102.0% in 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 during the last quarter. Finally, Abound Wealth Management grew its holdings 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 buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

ETN has been the topic of a number of research analyst reports. KeyCorp raised their target price on Eaton from $355.00 to $410.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Evercore ISI raised their target price on Eaton from $326.00 to $349.00 and gave the company an “in-line” rating in a report on Monday, May 19th. BNP Paribas Exane initiated coverage on Eaton in a report on Thursday, May 15th. They issued an “outperform” rating and a $380.00 target price on the stock. Royal Bank Of Canada lifted their price objective on Eaton from $336.00 to $356.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Finally, BNP Paribas initiated coverage on Eaton in a report on Thursday, May 15th. They set an “outperform” rating and a $380.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and an average price target of $379.10.

Insider Transactions at Eaton

In other Eaton 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 completion of the transaction, the insider owned 630 shares in the company, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Eaton Trading Up 0.6%

Shares of ETN opened at $347.3570 on Friday. The stock has a fifty day moving average price of $360.36 and a two-hundred day moving average price of $319.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56. The company has a market cap of $135.23 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 2.55 and a beta of 1.18.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the company posted $2.73 EPS. The business’s revenue for the quarter 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. Analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton’s 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.