Howe & Rusling Inc. Buys New Position in Eaton Corporation, PLC $ETN

Howe & Rusling Inc. purchased a new stake in Eaton Corporation, PLC (NYSE:ETN) in the first quarter, Holdings Channel reports. The institutional investor purchased 868 shares of the industrial products company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commonwealth Financial Services LLC lifted its holdings in Eaton by 2.9% in the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 33 shares during the last quarter. E Fund Management Co. Ltd. lifted its holdings in Eaton by 3.1% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 33 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Eaton by 0.7% in the 1st quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company’s stock valued at $1,378,000 after acquiring an additional 37 shares during the last quarter. Lantern Wealth Advisors LLC lifted its holdings in Eaton by 1.0% in the 4th quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company’s stock valued at $1,340,000 after acquiring an additional 38 shares during the last quarter. Finally, AGH Wealth Advisors LLC lifted its holdings in Eaton by 2.6% in the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company’s stock valued at $412,000 after acquiring an additional 38 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Price Performance

NYSE ETN opened at $366.31 on Friday. The company has a 50 day simple moving average of $362.13 and a 200-day simple moving average of $324.20. 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 $142.60 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.03. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently declared 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 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton’s dividend payout ratio is 41.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ETN shares. JPMorgan Chase & Co. upped their price target on shares of Eaton from $300.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Barclays upped their price objective on shares of Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Daiwa Capital Markets initiated coverage on shares of Eaton in a research note on Thursday. They set an “outperform” rating and a $390.00 price objective for the company. Citigroup upped their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Redburn Atlantic initiated coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a “hold” rating and a $336.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $379.59.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 630 shares of the company’s stock, valued at $225,785.70. This 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 can be accessed through this link. 0.30% of the stock is owned by company insiders.

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.