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

SVB Wealth LLC trimmed its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 26.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 31,220 shares of the industrial products company’s stock after selling 11,508 shares during the quarter. SVB Wealth LLC’s holdings in Eaton were worth $11,145,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ETN. SOA Wealth Advisors LLC. raised its position in Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 36 shares during the last quarter. Saudi Central Bank bought a new position in shares of Eaton during the first quarter valued at approximately $42,000. Salomon & Ludwin LLC lifted its stake in Eaton by 142.3% in the second quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 101 shares during the period. Vermillion & White Wealth Management Group LLC bought a new stake in Eaton in the first quarter valued at $54,000. Finally, Activest Wealth Management increased its position in Eaton by 114.9% during the 1st quarter. Activest Wealth Management now owns 217 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 116 shares during the period. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Rothschild Redb raised Eaton to a “hold” rating in a research report on Wednesday, August 20th. Rothschild & Co Redburn began coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price objective on the stock. Melius Research raised Eaton from a “hold” rating to a “buy” rating and boosted their price target for the stock from $412.00 to $495.00 in a research report on Monday, September 15th. Melius upgraded Eaton from a “hold” rating to a “buy” rating and set a $495.00 price target on the stock in a research note on Monday, September 15th. Finally, Mizuho lifted their price objective on Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $401.50.

Insider Transactions at Eaton

In related news, Director Gerald Johnson acquired 200 shares of the stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $339.89 per share, with a total value of $67,978.00. Following the purchase, the director directly owned 400 shares of the company’s stock, valued at approximately $135,956. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased 500 shares of company stock worth $174,389 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Eaton Price Performance

Shares of NYSE:ETN opened at $337.57 on Monday. The firm has a market cap of $131.11 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The business has a 50-day simple moving average of $363.72 and a two-hundred day simple moving average of $357.09.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.01. Eaton had a return on equity of 24.36% and a net margin of 14.74%.The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations 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. On average, analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Thursday, November 6th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, November 6th. Eaton’s dividend payout ratio is 41.60%.

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.