Mccarter Private Wealth Services LLC Increases Position in Eaton Corporation, PLC $ETN

Mccarter Private Wealth Services LLC increased its holdings in Eaton Corporation, PLC (NYSE:ETN) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,095 shares of the industrial products company’s stock after purchasing an additional 44 shares during the quarter. Eaton accounts for about 1.1% of Mccarter Private Wealth Services LLC’s holdings, making the stock its 29th largest holding. Mccarter Private Wealth Services LLC’s holdings in Eaton were worth $1,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Eaton by 0.8% during the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company’s stock worth $10,195,725,000 after buying an additional 289,819 shares during the last quarter. Nuveen LLC purchased a new position in shares of Eaton during the first quarter worth $1,472,231,000. Nuveen Asset Management LLC boosted its position in shares of Eaton by 4.3% during the fourth quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company’s stock worth $1,550,226,000 after buying an additional 192,482 shares during the period. Northern Trust Corp boosted its holdings in Eaton by 8.8% in the fourth quarter. Northern Trust Corp now owns 4,574,704 shares of the industrial products company’s stock valued at $1,518,207,000 after purchasing an additional 368,241 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Eaton by 12.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company’s stock valued at $1,083,442,000 after purchasing an additional 427,509 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Transactions at Eaton

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

Eaton Trading Down 0.3%

Shares of NYSE:ETN opened at $345.3330 on Friday. 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 1 year low of $231.85 and a 1 year high of $399.56. The firm has a fifty day moving average price of $359.87 and a 200 day moving average price of $319.49. The stock has a market capitalization of $134.44 billion, a PE ratio of 34.74, a P/E/G ratio of 2.55 and a beta of 1.18.

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

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 7th. Eaton’s dividend payout ratio is 41.85%.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of analyst reports. Rothschild & Co Redburn started coverage on Eaton in a research note on Wednesday. They issued a “neutral” rating and a $336.00 price target on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. Royal Bank Of Canada upped their target price on Eaton from $336.00 to $356.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Morgan Stanley raised their target price on shares of Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Redburn Atlantic started coverage on Eaton in a report on Wednesday. They issued a “hold” rating and a $336.00 price target for the company. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $379.10.

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.