Tilia Fiduciary Partners Inc. grew its stake in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) by 9.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,583 shares of the industrial products company’s stock after acquiring an additional 469 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Eaton were worth $1,993,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Eaton by 0.7% during the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company’s stock valued at $3,593,000 after acquiring an additional 96 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Eaton by 41.1% during the first quarter. Focus Partners Wealth now owns 81,444 shares of the industrial products company’s stock valued at $22,140,000 after acquiring an additional 23,736 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of Eaton by 16.0% during the first quarter. Jacobi Capital Management LLC now owns 7,633 shares of the industrial products company’s stock valued at $2,075,000 after acquiring an additional 1,050 shares in the last quarter. Brighton Jones LLC increased its holdings in Eaton by 4.9% during the first quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company’s stock valued at $953,000 after buying an additional 164 shares during the period. Finally, SCS Capital Management LLC purchased a new position in Eaton during the first quarter valued at approximately $815,000. Institutional investors own 82.97% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. The Goldman Sachs Group lifted their price objective on shares of Eaton from $345.00 to $382.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Rothschild Redb raised shares of Eaton to a “hold” rating in a report on Wednesday, August 20th. Daiwa America raised shares of Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Finally, KeyCorp lifted their price objective on shares of Eaton from $355.00 to $410.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $390.68.
Eaton Price Performance
NYSE ETN opened at $373.69 on Friday. The firm’s fifty day simple moving average is $362.76 and its two-hundred day simple moving average is $332.96. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The firm has a market capitalization of $145.48 billion, a P/E ratio of 37.60, a P/E/G ratio of 2.69 and a beta of 1.18.
Eaton (NYSE:ETN – Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the company earned $2.73 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. 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 fiscal year.
Eaton Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s payout ratio is 41.85%.
Insider Buying and Selling at Eaton
In other news, insider Olivier Leonetti sold 16,018 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the sale, the insider directly owned 630 shares of the company’s stock, valued at $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.
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