Rathbones Group PLC Reduces Position in Eaton Corporation, PLC $ETN

Rathbones Group PLC trimmed its position in Eaton Corporation, PLC (NYSE:ETN) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,994 shares of the industrial products company’s stock after selling 191 shares during the period. Rathbones Group PLC’s holdings in Eaton were worth $9,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Eaton by 0.8% in the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company’s stock valued at $10,195,725,000 after purchasing an additional 289,819 shares during the period. Nuveen LLC purchased a new stake in Eaton in the first quarter valued at approximately $1,472,231,000. Goldman Sachs Group Inc. increased its holdings in Eaton by 12.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company’s stock worth $1,083,442,000 after buying an additional 427,509 shares during the period. Invesco Ltd. increased its holdings in Eaton by 15.8% in the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock worth $1,063,727,000 after buying an additional 533,774 shares during the period. Finally, Alliancebernstein L.P. raised its position in Eaton by 12.2% during the 1st quarter. Alliancebernstein L.P. now owns 3,659,851 shares of the industrial products company’s stock worth $994,857,000 after buying an additional 397,114 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Down 1.0%

Shares of ETN opened at $373.71 on Monday. The firm has a market cap of $145.15 billion, a P/E ratio of 37.60, 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 stock’s 50 day moving average is $370.40 and its two-hundred day moving average is $352.13. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.01. Eaton had a return on equity of 23.91% and a net margin of 15.11%.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. Analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Thursday, November 6th will be given a $1.04 dividend. The ex-dividend date is Thursday, November 6th. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is 41.60%.

Insider Activity at Eaton

In related news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction dated 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 completion of the purchase, the director directly owned 200 shares of the company’s stock, valued at approximately $76,866. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Eaton from $375.00 to $395.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Rothschild & Co Redburn started coverage on Eaton in a research report on Wednesday, August 20th. They set a “neutral” rating and a $336.00 price target on the stock. Daiwa America raised Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a report on Wednesday, October 8th. Finally, Citigroup lifted their price target on Eaton from $438.00 to $442.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. 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’s stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and an average price target of $403.23.

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.