Eaton Corporation, PLC $ETN Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. lowered its position in Eaton Corporation, PLC (NYSE:ETN) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,272 shares of the industrial products company’s stock after selling 733 shares during the quarter. Leavell Investment Management Inc.’s holdings in Eaton were worth $4,024,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new position in shares of Eaton during the first quarter worth $25,000. Creative Financial Designs Inc. ADV boosted its position in shares of Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 51 shares in the last quarter. Graybill Wealth Management LTD. purchased a new position in shares of Eaton in the 1st quarter valued at about $41,000. Saudi Central Bank acquired a new stake in shares of Eaton during the 1st quarter worth about $42,000. Finally, Westend Capital Management LLC acquired a new position in Eaton in the first quarter valued at approximately $45,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Eaton Stock Performance

NYSE ETN opened at $376.63 on Friday. The firm has a market cap of $146.62 billion, a P/E ratio of 37.89, a P/E/G ratio of 2.69 and a beta of 1.18. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56. The business’s 50-day moving average price is $364.12 and its 200 day moving average price is $343.55. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating 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 firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the business earned $2.73 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, equities research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Thursday, November 6th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, November 6th. Eaton’s dividend payout ratio (DPR) is 41.85%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ETN. Sanford C. Bernstein reissued an “outperform” rating and set a $396.00 price objective on shares of Eaton in a report on Monday, July 14th. KeyCorp boosted their price target on shares of Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. 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. Rothschild & Co Redburn assumed coverage on Eaton in a report on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 target price for the company. Finally, Daiwa Capital Markets began coverage on Eaton in a research note on Thursday, September 11th. They set an “outperform” rating and a $390.00 price target on the stock. One investment 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. According to MarketBeat.com, Eaton has a consensus rating of “Moderate Buy” and an average target price of $398.45.

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.