Virtue Capital Management LLC Cuts Stock Position in Eaton Corporation, PLC $ETN

Virtue Capital Management LLC cut its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 19.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,322 shares of the industrial products company’s stock after selling 312 shares during the quarter. Virtue Capital Management LLC’s holdings in Eaton were worth $472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Correct Capital Wealth Management increased its holdings in Eaton by 2.4% during the second quarter. Correct Capital Wealth Management now owns 3,446 shares of the industrial products company’s stock worth $1,230,000 after buying an additional 80 shares during the last quarter. RiverFront Investment Group LLC increased its stake in shares of Eaton by 52.8% during the 2nd quarter. RiverFront Investment Group LLC now owns 2,072 shares of the industrial products company’s stock worth $740,000 after purchasing an additional 716 shares during the last quarter. Weitzel Financial Services Inc. bought a new stake in shares of Eaton in the 2nd quarter worth approximately $269,000. Jaffetilchin Investment Partners LLC lifted its stake in Eaton by 42.7% in the second quarter. Jaffetilchin Investment Partners LLC now owns 1,331 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 398 shares during the last quarter. Finally, Waterloo Capital L.P. raised its stake in shares of Eaton by 15.8% in the second quarter. Waterloo Capital L.P. now owns 5,619 shares of the industrial products company’s stock valued at $2,006,000 after buying an additional 767 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gerald Johnson bought 200 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the completion of the transaction, the director directly owned 400 shares in the company, valued at $135,956. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased 500 shares of company stock valued at $174,389 over the last quarter. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ETN shares. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Daiwa Capital Markets started coverage on shares of Eaton in a report on Thursday, September 11th. They set an “outperform” rating and a $390.00 price objective on the stock. Melius upgraded shares of Eaton from a “hold” rating to a “buy” rating and set a $495.00 target price for the company in a research note on Monday, September 15th. Rothschild Redb upgraded shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Eaton in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $401.50.

Eaton Stock Up 1.5%

ETN opened at $346.72 on Friday. The firm has a market capitalization of $134.66 billion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 2.77 and a beta of 1.19. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The company has a fifty day moving average price of $367.03 and a 200-day moving average price of $356.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.01. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $6.99 billion during the quarter, compared to analyst estimates 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 research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Thursday, November 6th were given 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.