664 Shares in Eaton Corporation, PLC $ETN Bought by Dorsey Wright & Associates

Dorsey Wright & Associates bought a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 664 shares of the industrial products company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after acquiring an additional 45 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 136 shares during the period. PFG Advisors grew its holdings in shares of Eaton by 35.7% during the 1st quarter. PFG Advisors now owns 9,891 shares of the industrial products company’s stock worth $2,689,000 after purchasing an additional 2,602 shares in the last quarter. SYM FINANCIAL Corp raised its stake in shares of Eaton by 6.1% in the first quarter. SYM FINANCIAL Corp now owns 822 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 47 shares in the last quarter. Finally, Forbes J M & Co. LLP lifted its position in Eaton by 2.8% in the first quarter. Forbes J M & Co. LLP now owns 39,513 shares of the industrial products company’s stock worth $10,741,000 after purchasing an additional 1,085 shares during the period. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 2.2%

ETN opened at $345.89 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $371.55 and a two-hundred day moving average price of $355.24. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The stock has a market capitalization of $134.34 billion, a PE ratio of 34.80, a PEG ratio of 2.77 and a beta of 1.19.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.01. The firm 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. As a group, equities analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

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 dividend of $1.04 per share. The ex-dividend date is Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a yield of 1.2%. Eaton’s dividend payout ratio is presently 41.60%.

Insider Activity

In other Eaton news, Director Gerald Johnson purchased 200 shares of the stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $339.89 per share, for a total transaction of $67,978.00. Following the transaction, the director directly owned 400 shares in the company, valued at $135,956. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have bought 500 shares of company stock valued at $174,389. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ETN. Daiwa America raised shares of Eaton to a “strong-buy” rating in a research note on Thursday, September 11th. Citigroup upped their price objective on Eaton from $438.00 to $442.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Morgan Stanley raised their target price on Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price target on Eaton from $429.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company lifted their price objective on Eaton from $375.00 to $395.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.50.

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.