Jackson Wealth Management LLC Has $9.61 Million Stock Position in Eaton Corporation, PLC $ETN

Jackson Wealth Management LLC lowered its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,921 shares of the industrial products company’s stock after selling 239 shares during the period. Eaton makes up about 1.0% of Jackson Wealth Management LLC’s holdings, making the stock its 26th biggest position. Jackson Wealth Management LLC’s holdings in Eaton were worth $9,610,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. CHURCHILL MANAGEMENT Corp acquired a new stake in Eaton during the second quarter worth approximately $1,285,000. SOA Wealth Advisors LLC. grew its stake in Eaton by 36.0% during the second 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 during the period. Bartlett & CO. Wealth Management LLC grew its stake in Eaton by 457.6% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 198,567 shares of the industrial products company’s stock worth $70,887,000 after purchasing an additional 162,958 shares during the period. HCR Wealth Advisors grew its stake in Eaton by 39.5% during the second quarter. HCR Wealth Advisors now owns 5,229 shares of the industrial products company’s stock worth $1,867,000 after purchasing an additional 1,481 shares during the period. Finally, Independence Bank of Kentucky grew its stake in Eaton by 3.3% during the second quarter. Independence Bank of Kentucky now owns 6,467 shares of the industrial products company’s stock worth $2,309,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

ETN has been the subject of a number of research reports. Barclays raised their price objective on Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Citigroup boosted their price objective on Eaton from $420.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on Eaton from $310.00 to $360.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Rothschild & Co Redburn initiated coverage on Eaton in a report on Wednesday, August 20th. They set a “neutral” rating and a $336.00 price objective for the company. Finally, KeyCorp boosted their price objective on 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 assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $390.68.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton 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 sale, the insider directly owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Eaton Stock Down 0.8%

ETN stock opened at $373.69 on Friday. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve 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 stock’s 50 day moving average is $362.76 and its 200-day moving average is $332.96. The firm has a market capitalization of $145.48 billion, a PE ratio of 37.60, a P/E/G ratio of 2.69 and a beta of 1.18.

Eaton (NYSE:ETN) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the company earned $2.73 earnings per share. The company’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. Sell-side analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were 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 was Thursday, August 7th. Eaton’s dividend payout ratio (DPR) is 41.85%.

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.