Eaton Corporation, PLC $ETN Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 80.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,060 shares of the industrial products company’s stock after purchasing an additional 19,250 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Eaton were worth $15,372,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Eaton in the 1st quarter valued at about $1,472,231,000. Ameriprise Financial Inc. increased its stake in Eaton by 85.4% in the first quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock valued at $986,966,000 after purchasing an additional 1,672,175 shares during the period. Fayez Sarofim & Co raised its holdings in shares of Eaton by 606.3% in the first quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock valued at $282,262,000 after buying an additional 880,656 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Eaton by 15.8% during the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock worth $1,063,727,000 after buying an additional 533,774 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Eaton by 31.5% in the 1st quarter. Deutsche Bank AG now owns 2,043,535 shares of the industrial products company’s stock valued at $555,494,000 after acquiring an additional 489,264 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction dated 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 directly owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Eaton Price Performance

ETN stock opened at $373.69 on Monday. The firm has a 50 day moving average of $362.76 and a 200-day moving average of $333.49. The company has a market cap of $145.48 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 2.67 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.03. The firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.Eaton’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.73 earnings per share. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. As a group, equities analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on ETN shares. Melius upgraded Eaton from a “hold” rating to a “buy” rating and set a $495.00 target price on the stock in a research note on Monday, September 15th. Rothschild Redb upgraded shares of Eaton to a “hold” rating in a research report on Wednesday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research note on Saturday, September 27th. Barclays raised their target price on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Melius Research upgraded shares of 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 note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Eaton has a consensus rating of “Moderate Buy” and an average target price of $390.68.

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.