Valeo Financial Advisors LLC Grows Position in Eaton Corporation, PLC $ETN

Valeo Financial Advisors LLC lifted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,893 shares of the industrial products company’s stock after buying an additional 253 shares during the period. Valeo Financial Advisors LLC’s holdings in Eaton were worth $3,889,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

ETN has been the topic of several research reports. Daiwa America raised Eaton to a “strong-buy” rating in a research report on Thursday, September 11th. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research report on Saturday, September 27th. Morgan Stanley raised their target price on Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Rothschild Redb raised Eaton to a “hold” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $392.27.

Insider Transactions at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the sale, the insider owned 630 shares of the company’s stock, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Eaton Stock Up 1.8%

ETN stock opened at $380.22 on Tuesday. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $148.02 billion, a P/E ratio of 38.25, a PEG ratio of 2.67 and a beta of 1.18. The business’s 50-day moving average price is $362.51 and its 200-day moving average price is $334.08.

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

Eaton Announces Dividend

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

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.