Bogart Wealth LLC Decreases Stock Holdings in Eaton Corporation, PLC $ETN

Bogart Wealth LLC lessened its holdings in Eaton Corporation, PLC (NYSE:ETN) by 11.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,526 shares of the industrial products company’s stock after selling 330 shares during the quarter. Bogart Wealth LLC’s holdings in Eaton were worth $902,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Eaton by 0.7% during the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company’s stock worth $3,593,000 after purchasing an additional 96 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Eaton by 41.1% during the 1st quarter. Focus Partners Wealth now owns 81,444 shares of the industrial products company’s stock worth $22,140,000 after buying an additional 23,736 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Eaton by 16.0% in the 1st quarter. Jacobi Capital Management LLC now owns 7,633 shares of the industrial products company’s stock valued at $2,075,000 after buying an additional 1,050 shares in the last quarter. SCS Capital Management LLC purchased a new position in shares of Eaton in the 1st quarter valued at $815,000. Finally, First Long Island Investors LLC raised its stake in Eaton by 5,589.2% during the 1st quarter. First Long Island Investors LLC now owns 54,104 shares of the industrial products company’s stock worth $14,707,000 after acquiring an additional 53,153 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETN has been the topic of several research reports. Morgan Stanley raised their price objective on Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Eaton in a research note on Wednesday, October 8th. Rothschild & Co Redburn started coverage on Eaton in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price objective for the company. Mizuho raised their target price on shares of Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Melius Research raised shares of Eaton from a “hold” rating to a “buy” rating and lifted their target price for the company from $412.00 to $495.00 in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.45.

Insider Activity at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Eaton Stock Performance

NYSE:ETN opened at $378.03 on Tuesday. The firm has a market cap of $147.17 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The firm’s fifty day moving average price is $362.98 and its 200 day moving average price is $340.86.

Eaton (NYSE:ETN) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter last year, the business earned $2.73 EPS. The business’s revenue 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. On average, sell-side analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton’s dividend payout ratio is 41.85%.

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.