Arkadios Wealth Advisors Acquires 928 Shares of Eaton Corporation, PLC $ETN

Arkadios Wealth Advisors raised its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 23.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,827 shares of the industrial products company’s stock after purchasing an additional 928 shares during the quarter. Arkadios Wealth Advisors’ holdings in Eaton were worth $1,723,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new stake in shares of Eaton during the 1st quarter valued at about $25,000. SOA Wealth Advisors LLC. grew its stake in shares of Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 36 shares during the period. Graybill Wealth Management LTD. bought a new stake in shares of Eaton during the 1st quarter valued at about $41,000. Saudi Central Bank bought a new stake in shares of Eaton during the 1st quarter valued at about $42,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Eaton by 142.3% during the 2nd quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 101 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Eaton from $375.00 to $395.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their price objective on Eaton from $380.00 to $429.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Daiwa America upgraded Eaton to a “strong-buy” rating in a research note on Thursday, September 11th. The Goldman Sachs Group boosted their price objective on Eaton from $345.00 to $382.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, KeyCorp boosted their price objective on Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Eaton has an average rating of “Moderate Buy” and a consensus price target of $398.45.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the company’s 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 directly owned 630 shares of the company’s stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

Eaton Stock Down 0.3%

NYSE ETN opened at $381.98 on Friday. The stock’s 50 day moving average is $367.46 and its 200 day moving average is $347.12. 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 12 month low of $231.85 and a 12 month high of $399.56. The stock has a market cap of $148.71 billion, a PE ratio of 38.43, a P/E/G ratio of 2.77 and a beta of 1.18.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.03. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm 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. Research analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Thursday, November 6th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 6th. Eaton’s dividend payout ratio 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.