Amalgamated Bank Has $27.68 Million Holdings in Eaton Corporation, PLC $ETN

Amalgamated Bank cut its stake in Eaton Corporation, PLC (NYSE:ETN) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,525 shares of the industrial products company’s stock after selling 3,441 shares during the quarter. Amalgamated Bank’s holdings in Eaton were worth $27,676,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. IMA Advisory Services Inc. bought a new stake in Eaton during the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. increased its stake in Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 36 shares in the last quarter. Graybill Wealth Management LTD. bought a new stake in Eaton during the 1st quarter worth approximately $41,000. Saudi Central Bank bought a new stake in Eaton during the 1st quarter worth approximately $42,000. Finally, Salomon & Ludwin LLC increased its stake in Eaton by 142.3% during the 2nd quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 101 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Eaton Trading Up 3.1%

Shares of Eaton stock opened at $387.82 on Thursday. The business has a fifty day simple moving average of $366.01 and a two-hundred day simple moving average of $346.13. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a market capitalization of $150.98 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.69 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm posted $2.73 EPS. The company’s quarterly revenue 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. Research analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays increased their target price on Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Redburn Atlantic began coverage on Eaton in a research report on Wednesday, August 20th. They set a “hold” rating and a $336.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a research report on Wednesday, October 8th. Melius raised Eaton from a “hold” rating to a “buy” rating and set a $495.00 price target for the company in a research report on Monday, September 15th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $396.00 price target on shares of Eaton in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and an average target price of $398.45.

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction 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 owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by 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.