Independence Bank of Kentucky Acquires 205 Shares of Eaton Corporation, PLC $ETN

Independence Bank of Kentucky increased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 3.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,467 shares of the industrial products company’s stock after acquiring an additional 205 shares during the period. Independence Bank of Kentucky’s holdings in Eaton were worth $2,309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Financial Services LLC raised its position in Eaton by 2.9% during the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 33 shares in the last quarter. E Fund Management Co. Ltd. raised its position in Eaton by 3.1% during 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 purchasing an additional 33 shares in the last quarter. Beaumont Financial Advisors LLC raised its position in Eaton by 2.6% during the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,307 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 33 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Eaton by 0.7% during 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 purchasing an additional 37 shares in the last quarter. Finally, AGH Wealth Advisors LLC raised its position in Eaton by 2.6% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 38 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Eaton Price Performance

NYSE:ETN opened at $365.63 on Monday. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The stock has a 50 day moving average of $363.52 and a two-hundred day moving average of $330.74. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $142.34 billion, a P/E ratio of 36.78, a price-to-earnings-growth ratio of 2.61 and a beta of 1.17.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.92 by $0.03. The company had revenue of $7.03 billion during 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%.Eaton’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business 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. On average, analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

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. The ex-dividend date was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s dividend payout ratio is 41.85%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ETN shares. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Rothschild & Co Redburn assumed coverage on Eaton in a research report on Wednesday, August 20th. They set a “neutral” rating and a $336.00 price target for the company. Daiwa America raised Eaton to a “strong-buy” rating in a research report on Thursday, September 11th. Raymond James Financial boosted their price objective on Eaton from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Melius raised Eaton from a “hold” rating to a “buy” rating and set a $495.00 price objective for the company in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $390.68.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the company’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 completion of the sale, the insider directly owned 630 shares in the company, 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 is available at this link. 0.30% of the stock is owned by company insiders.

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.