Farther Finance Advisors LLC Has $4.52 Million Stock Holdings in Eaton Corporation, PLC $ETN

Farther Finance Advisors LLC boosted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 24.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,659 shares of the industrial products company's stock after acquiring an additional 2,483 shares during the quarter. Farther Finance Advisors LLC's holdings in Eaton were worth $4,519,000 at the end of the most recent quarter.

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Other institutional investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in shares of Eaton in the first quarter valued at about $25,000. Capital A Wealth Management LLC bought a new position in Eaton in the 4th quarter worth about $26,000. Creative Financial Designs Inc. ADV increased its position in shares of Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in Eaton in the 4th quarter worth approximately $33,000. Finally, Abound Wealth Management lifted its position in Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after buying an additional 62 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ETN shares. Rothschild Redb raised Eaton to a "hold" rating in a research note on Wednesday, August 20th. Melius upgraded Eaton from a "hold" rating to a "buy" rating and set a $495.00 price objective on the stock in a report on Monday, September 15th. Rothschild & Co Redburn assumed coverage on Eaton in a research report on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price objective for the company. Melius Research upgraded Eaton from a "hold" rating to a "buy" rating and lifted their price target for the company from $412.00 to $495.00 in a report on Monday, September 15th. Finally, Redburn Atlantic started coverage on Eaton in a research note on Wednesday, August 20th. They set a "hold" rating and a $336.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $390.68.

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Read Our Latest Stock Report on ETN

Eaton Stock Up 1.0%

Shares of NYSE:ETN opened at $374.95 on Friday. The company has a market capitalization of $145.97 billion, a PE ratio of 37.72, a P/E/G ratio of 2.68 and a beta of 1.16. 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 twelve month low of $231.85 and a twelve month high of $399.56. The firm has a 50 day simple moving average of $363.40 and a 200-day simple moving average of $327.38.

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Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the firm earned $2.73 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. 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 analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

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

Insider Activity at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company's stock.

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.

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