Hancock Whitney Corp Purchases 363 Shares of Eaton Corporation, PLC $ETN

Hancock Whitney Corp boosted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,169 shares of the industrial products company’s stock after buying an additional 363 shares during the period. Hancock Whitney Corp’s holdings in Eaton were worth $861,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. lifted its position in Eaton by 1,274.3% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 34,468 shares of the industrial products company’s stock valued at $9,369,000 after purchasing an additional 31,960 shares during the last quarter. EFG Asset Management North America Corp. lifted its holdings in shares of Eaton by 9.0% during the 1st quarter. EFG Asset Management North America Corp. now owns 10,919 shares of the industrial products company’s stock worth $2,968,000 after acquiring an additional 900 shares during the last quarter. Cinctive Capital Management LP grew its position in Eaton by 529.6% in the first quarter. Cinctive Capital Management LP now owns 3,891 shares of the industrial products company’s stock worth $1,058,000 after acquiring an additional 3,273 shares in the last quarter. Concentric Capital Strategies LP purchased a new stake in Eaton during the first quarter valued at about $2,450,000. Finally, Belmont Capital LLC bought a new stake in Eaton during the first quarter worth about $683,000. 82.97% of the stock is currently owned by institutional investors.

Eaton Trading Up 0.2%

NYSE:ETN opened at $349.04 on Friday. The firm has a market capitalization of $135.88 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.56 and a beta of 1.16. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $362.31 and a 200 day moving average of $322.18. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous 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. On average, research analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were issued 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 dividend payout ratio (DPR) is 41.85%.

Analyst Ratings Changes

ETN has been the topic of a number of research reports. Rothschild Redb raised Eaton to a “hold” rating in a report on Wednesday, August 20th. Rothschild & Co Redburn assumed coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a “neutral” rating and a $336.00 price target on the stock. BNP Paribas initiated coverage on shares of Eaton in a research note on Thursday, May 15th. They issued an “outperform” rating and a $380.00 price objective for the company. Citigroup lifted their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Barclays boosted their price target on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $379.10.

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 transaction of $5,740,691.02. Following the transaction, the insider directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Eaton Company 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.