Eaton Corporation, PLC $ETN Shares Bought by Canopy Partners LLC

Canopy Partners LLC boosted its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 5.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,988 shares of the industrial products company’s stock after acquiring an additional 141 shares during the quarter. Canopy Partners LLC’s holdings in Eaton were worth $1,067,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a report on Saturday, September 27th. Melius raised Eaton from a “hold” rating to a “buy” rating and set a $495.00 price objective for the company in a report on Monday, September 15th. Redburn Atlantic assumed coverage on Eaton in a report on Wednesday, August 20th. They issued a “hold” rating and a $336.00 price objective for the company. The Goldman Sachs Group boosted their price objective on Eaton from $345.00 to $382.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Daiwa America upgraded Eaton to a “strong-buy” rating in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $392.27.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Eaton Price Performance

NYSE:ETN opened at $371.19 on Wednesday. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The stock has a 50 day moving average of $362.13 and a two-hundred day moving average of $334.34. 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 market cap of $144.50 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Eaton (NYSE:ETN) last posted its quarterly earnings data 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 return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the business earned $2.73 EPS. Eaton’s quarterly 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, analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

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

Eaton Company 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.