Southeast Asset Advisors LLC Purchases 1,000 Shares of Eaton Corporation, PLC $ETN

Southeast Asset Advisors LLC grew its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 21.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,623 shares of the industrial products company’s stock after buying an additional 1,000 shares during the period. Southeast Asset Advisors LLC’s holdings in Eaton were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ETN. Nuveen LLC purchased a new position in shares of Eaton in the first quarter valued at $1,472,231,000. GAMMA Investing LLC raised its holdings in shares of Eaton by 27,281.9% in the first quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company’s stock valued at $976,772,000 after acquiring an additional 3,580,198 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Eaton by 85.4% during the first quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock worth $986,966,000 after acquiring an additional 1,672,175 shares during the last quarter. Fayez Sarofim & Co boosted its position in Eaton by 606.3% in the first quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock valued at $282,262,000 after buying an additional 880,656 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new stake in Eaton in the 4th quarter worth approximately $231,552,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

ETN has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $396.00 target price on shares of Eaton in a research note on Monday, July 14th. Citigroup raised their target price on Eaton from $420.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. KeyCorp lifted their price objective on Eaton from $355.00 to $410.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada lifted their price objective on Eaton from $336.00 to $356.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Finally, BNP Paribas assumed 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. Fourteen research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $379.10.

Eaton Price Performance

Shares of NYSE ETN opened at $347.3570 on Friday. 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 fifty-two week low of $231.85 and a fifty-two week high of $399.56. The firm has a market capitalization of $135.23 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 2.56 and a beta of 1.18. The stock’s 50-day simple moving average is $360.36 and its 200-day simple moving average is $319.74.

Eaton (NYSE:ETN) last issued 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 for the quarter, compared to analyst estimates 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 quarter last year, the company 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. As a group, equities research analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton’s payout ratio is 41.85%.

Insider Activity

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

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.