SVB Wealth LLC Lowers Stock Holdings in Eaton Corporation, PLC $ETN

SVB Wealth LLC trimmed its position in Eaton Corporation, PLC (NYSE:ETN) by 13.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 42,728 shares of the industrial products company’s stock after selling 6,910 shares during the period. SVB Wealth LLC’s holdings in Eaton were worth $11,615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Eaton by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company’s stock valued at $10,195,725,000 after acquiring an additional 289,819 shares during the last quarter. Nuveen LLC bought a new stake in shares of Eaton during the 1st quarter valued at about $1,472,231,000. Nuveen Asset Management LLC boosted its position in shares of Eaton by 4.3% during the 4th quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company’s stock valued at $1,550,226,000 after acquiring an additional 192,482 shares during the last quarter. Northern Trust Corp boosted its position in shares of Eaton by 8.8% during the 4th quarter. Northern Trust Corp now owns 4,574,704 shares of the industrial products company’s stock valued at $1,518,207,000 after acquiring an additional 368,241 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Eaton by 12.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company’s stock valued at $1,083,442,000 after acquiring an additional 427,509 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ETN. Rothschild & Co Redburn initiated coverage on Eaton in a research report on Wednesday. They set a “neutral” rating and a $336.00 price target for the company. Barclays raised their price objective on Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Morgan Stanley raised their price objective on Eaton from $375.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. The Goldman Sachs Group raised their price objective on Eaton from $345.00 to $382.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, BNP Paribas Exane 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 analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $379.10.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton 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 sale, the insider directly owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Eaton Price Performance

Shares of Eaton stock opened at $347.3570 on Friday. 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 business’s 50 day simple moving average is $360.36 and its two-hundred day simple moving average is $319.71. The stock has a market capitalization of $135.23 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56.

Eaton (NYSE:ETN) last announced its quarterly 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. The business had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.73 EPS. 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 EPS for the current year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton’s dividend payout ratio (DPR) is currently 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.