Old Port Advisors Buys Shares of 599 Eaton Corporation, PLC $ETN

Old Port Advisors acquired a new stake in Eaton Corporation, PLC (NYSE:ETN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 599 shares of the industrial products company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new position in Eaton in the 1st quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV raised its stake in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after buying an additional 51 shares during the period. Abound Wealth Management lifted its holdings in shares of Eaton by 73.8% in the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 62 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in Eaton during the 1st quarter valued at about $41,000. Finally, Saudi Central Bank purchased a new stake in Eaton in the 1st quarter valued at $42,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ETN. Melius raised Eaton from a “hold” rating to a “buy” rating and set a $495.00 price target for the company in a research report on Monday, September 15th. Melius Research raised shares of Eaton from a “hold” rating to a “buy” rating and boosted their target price for the company from $412.00 to $495.00 in a report on Monday, September 15th. Raymond James Financial raised their price objective on shares of Eaton from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Daiwa America upgraded Eaton to a “strong-buy” rating in a research note on Thursday, September 11th. Finally, Citigroup upped their price objective on shares of Eaton from $420.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and an average target price of $390.68.

Eaton Price Performance

Shares of ETN stock opened at $365.63 on Friday. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The firm has a market cap of $142.34 billion, a P/E ratio of 36.78, a P/E/G ratio of 2.61 and a beta of 1.16. The business’s 50 day moving average price is $363.52 and its 200-day moving average price is $330.41. 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 issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.03. The firm had revenue of $7.03 billion during 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 company’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $2.73 earnings per share. 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 anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s payout ratio is 41.85%.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction dated 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 owned 630 shares of the company’s stock, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.