NewSquare Capital LLC Buys 133 Shares of Eaton Corporation, PLC $ETN

NewSquare Capital LLC raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 117.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 246 shares of the industrial products company’s stock after purchasing an additional 133 shares during the quarter. NewSquare Capital LLC’s holdings in Eaton were worth $88,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new stake in Eaton in the 1st quarter valued at $25,000. Graybill Wealth Management LTD. bought a new stake in Eaton in the 1st quarter valued at $41,000. Saudi Central Bank bought a new stake in Eaton in the 1st quarter valued at $42,000. Flagship Wealth Advisors LLC increased its holdings in Eaton by 125.0% in the 1st quarter. Flagship Wealth Advisors LLC now owns 180 shares of the industrial products company’s stock valued at $49,000 after buying an additional 100 shares during the period. Finally, SOA Wealth Advisors LLC. increased its holdings 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 buying an additional 36 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Eaton

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $384.33 per share, with a total value of $38,433.00. Following the acquisition, the director directly owned 200 shares in the company, valued at $76,866. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction dated 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 represents a 96.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ETN. Raymond James Financial boosted their price target on shares of Eaton from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Rothschild Redb raised shares of Eaton to a “hold” rating in a report on Wednesday, August 20th. Mizuho boosted their price target on shares of Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Melius upgraded shares of Eaton from a “hold” rating to a “buy” rating and set a $495.00 price target on the stock in a research report on Monday, September 15th. Finally, Wells Fargo & Company boosted their price target on shares of Eaton from $375.00 to $395.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.45.

Eaton Stock Down 2.2%

Shares of NYSE:ETN opened at $377.98 on Wednesday. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The company’s 50-day moving average price is $368.79 and its two-hundred day moving average price is $349.78. 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 firm has a market cap of $147.15 billion, a P/E ratio of 38.03, a P/E/G ratio of 2.77 and a beta of 1.18.

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

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio is currently 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.