J. L. Bainbridge & Co. Inc. Sells 2,457 Shares of Eaton Corporation, PLC $ETN

J. L. Bainbridge & Co. Inc. reduced its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,002 shares of the industrial products company’s stock after selling 2,457 shares during the period. Eaton accounts for about 5.2% of J. L. Bainbridge & Co. Inc.’s holdings, making the stock its 4th biggest position. J. L. Bainbridge & Co. Inc.’s holdings in Eaton were worth $57,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of ETN. Saudi Central Bank acquired a new position in shares of Eaton in the first quarter worth $42,000. Flagship Wealth Advisors LLC increased its position in Eaton by 125.0% during the 1st quarter. Flagship Wealth Advisors LLC now owns 180 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in Eaton by 36.0% in 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. Vermillion & White Wealth Management Group LLC purchased a new position in Eaton in the 1st quarter valued at about $54,000. Finally, Hopwood Financial Services Inc. boosted its stake in shares of Eaton by 43.4% during the 1st quarter. Hopwood Financial Services Inc. now owns 218 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Up 1.0%

Shares of NYSE:ETN opened at $331.56 on Friday. The stock has a 50-day simple moving average of $370.21 and a 200-day simple moving average of $355.68. The stock has a market capitalization of $128.78 billion, a P/E ratio of 33.36, a PEG ratio of 2.77 and a beta of 1.19. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $0.01. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm 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. FY 2025 guidance at 11.970-12.170 EPS. Equities analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

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

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 200 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $339.89 per share, with a total value of $67,978.00. Following the completion of the transaction, the director directly owned 400 shares of the company’s stock, valued at $135,956. This trade represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 500 shares of company stock valued at $174,389 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Rothschild & Co Redburn assumed coverage on Eaton in a report on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price target for the company. Morgan Stanley increased their price target on Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Mizuho lifted their price objective on Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Daiwa America upgraded Eaton to a “strong-buy” rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $401.50.

About Eaton

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.