Mainstream Capital Management LLC Buys New Stake in Eaton Corporation, PLC $ETN

Mainstream Capital Management LLC acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,090 shares of the industrial products company’s stock, valued at approximately $1,156,000.

Several other hedge funds also recently added to or reduced their stakes in the business. WFA of San Diego LLC purchased a new stake in shares of Eaton during the second quarter valued at $36,000. SOA Wealth Advisors LLC. lifted its holdings in shares of Eaton by 36.0% during the second quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 36 shares during the period. Salomon & Ludwin LLC boosted its position in Eaton by 142.3% in the second quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock valued at $62,000 after buying an additional 101 shares during the last quarter. Horizon Bancorp Inc. IN increased its holdings in Eaton by 43.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 236 shares of the industrial products company’s stock worth $84,000 after buying an additional 71 shares during the period. Finally, NewSquare Capital LLC lifted its stake in Eaton by 117.7% during the 2nd quarter. NewSquare Capital LLC now owns 246 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 133 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Eaton

In other news, Director Gerald Johnson purchased 200 shares of Eaton stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average price of $339.89 per share, with a total value of $67,978.00. Following the transaction, the director 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 Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 500 shares of company stock worth $174,389. 0.30% of the stock is currently owned by insiders.

Eaton Trading Down 0.2%

Shares of Eaton stock opened at $320.86 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.28 and a quick ratio of 0.79. The stock’s 50 day simple moving average is $348.03 and its 200-day simple moving average is $357.57. The stock has a market cap of $124.62 billion, a P/E ratio of 32.09, a P/E/G ratio of 2.33 and a beta of 1.17. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.06 by $0.01. Eaton had a return on equity of 24.36% and a net margin of 14.74%.The company 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 and its FY 2025 guidance at 11.970-12.170 EPS. Analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Thursday, November 6th were issued a dividend of $1.04 per share. The ex-dividend date was Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.3%. Eaton’s dividend payout ratio (DPR) is currently 41.60%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ETN shares. JPMorgan Chase & Co. boosted their price objective on Eaton from $429.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Melius raised shares of Eaton from a “hold” rating to a “buy” rating and set a $495.00 price objective on the stock in a research note on Monday, September 15th. Daiwa America raised shares of Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Mizuho lifted their price objective on shares of Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $394.62.

Eaton Profile

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.