Cadence Bank Sells 260 Shares of Eaton Corporation, PLC $ETN

Cadence Bank trimmed its holdings in Eaton Corporation, PLC (NYSE:ETN) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,308 shares of the industrial products company’s stock after selling 260 shares during the period. Cadence Bank’s holdings in Eaton were worth $2,802,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ETN. GAMMA Investing LLC raised its position in shares of Eaton by 0.7% in the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company’s stock valued at $3,593,000 after purchasing an additional 96 shares during the period. Bearing Point Capital LLC bought a new position in Eaton in the 4th quarter worth $2,713,000. Brighton Jones LLC raised its holdings in Eaton by 4.9% in the 1st quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company’s stock worth $953,000 after acquiring an additional 164 shares during the period. Kennebec Savings Bank grew its position in Eaton by 5.4% in the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company’s stock worth $738,000 after purchasing an additional 139 shares during the last quarter. Finally, American National Bank & Trust grew its position in Eaton by 5.4% in the 1st quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company’s stock worth $855,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were 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 of the company’s stock, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Raymond James Financial raised their price target on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. BNP Paribas Exane began coverage on shares of Eaton in a research report on Thursday, May 15th. They issued an “outperform” rating and a $380.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Eaton from $300.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Barclays upped their target price on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, BNP Paribas began coverage on shares of Eaton in a research report on Thursday, May 15th. They set an “outperform” rating and a $380.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $379.10.

Eaton Trading Up 0.6%

Shares of NYSE ETN opened at $347.3570 on Friday. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The firm has a market capitalization of $135.23 billion, a P/E ratio of 34.95, a P/E/G ratio of 2.55 and a beta of 1.18. The company’s 50 day simple moving average is $360.36 and its 200 day simple moving average is $319.71.

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, topping the consensus estimate of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm earned $2.73 earnings per share. The firm’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 predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were given a $1.04 dividend. The ex-dividend date of this dividend 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 (DPR) is 41.85%.

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.