681 Shares in Eaton Corporation, PLC $ETN Purchased by Diversified Portfolios Inc.

Diversified Portfolios Inc. bought a new stake in Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 681 shares of the industrial products company’s stock, valued at approximately $243,000.

Several other large investors have also modified their holdings of the stock. IMA Advisory Services Inc. acquired a new stake in Eaton during the first quarter valued at approximately $25,000. SOA Wealth Advisors LLC. lifted its position in Eaton by 36.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 36 shares during the last quarter. Saudi Central Bank acquired a new position in shares of Eaton during the first quarter worth approximately $42,000. Salomon & Ludwin LLC increased its position in Eaton by 142.3% in the 2nd quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 101 shares during the period. Finally, Flagship Wealth Advisors LLC raised its stake in Eaton by 125.0% during the 1st quarter. Flagship Wealth Advisors LLC now owns 180 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

ETN has been the topic of a number of recent analyst reports. Raymond James Financial boosted their price target on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Barclays boosted their price target on shares of Eaton from $344.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Citigroup raised their price objective on Eaton from $438.00 to $442.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, KeyCorp boosted their price target on shares of Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average price target of $401.50.

Insider Buying and Selling at Eaton

In other Eaton news, Director Gerald Johnson acquired 100 shares of Eaton stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $384.33 per share, with a total value of $38,433.00. Following the purchase, the director owned 200 shares in the company, valued at approximately $76,866. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Eaton Stock Down 1.2%

ETN stock opened at $338.64 on Wednesday. The company has a market cap of $131.53 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.77 and a beta of 1.19. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $371.88 and a two-hundred day moving average of $355.31.

Eaton (NYSE:ETN) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.01. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.09 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, equities analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 6th. Eaton’s payout ratio is currently 41.60%.

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.