Moloney Securities Asset Management LLC Acquires New Position in Eaton Corporation, PLC $ETN

Moloney Securities Asset Management LLC acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 643 shares of the industrial products company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Partners Wealth lifted its stake in Eaton by 41.1% during the 1st 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 during the period. Jacobi Capital Management LLC lifted its stake in Eaton by 16.0% during the 1st 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 during the period. SCS Capital Management LLC bought a new position in Eaton during the 1st quarter valued at about $815,000. First Long Island Investors LLC lifted its stake in Eaton by 5,589.2% during the 1st quarter. First Long Island Investors LLC now owns 54,104 shares of the industrial products company’s stock valued at $14,707,000 after acquiring an additional 53,153 shares during the period. Finally, Strs Ohio bought a new position in Eaton during the 1st quarter valued at about $24,001,000. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 1.1%

Shares of ETN opened at $376.63 on Monday. The company has a 50 day simple moving average of $364.12 and a two-hundred day simple moving average of $343.96. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. 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 cap of $146.62 billion, a P/E ratio of 37.89, a price-to-earnings-growth ratio of 2.69 and a beta of 1.18.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous 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. On average, equities analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Thursday, November 6th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, November 6th. Eaton’s dividend payout ratio (DPR) is 41.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ETN shares. Sanford C. Bernstein restated an “outperform” rating and set a $396.00 target price on shares of Eaton in a research note on Monday, July 14th. Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Raymond James Financial increased their price objective on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Barclays increased their price objective 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. Finally, Morgan Stanley increased their price objective on shares of Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $398.45.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of Eaton 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 directly owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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.