Eaton Corporation, PLC $ETN Shares Purchased by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. boosted its holdings in Eaton Corporation, PLC (NYSE:ETN) by 4.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,343 shares of the industrial products company’s stock after buying an additional 148 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Eaton were worth $1,193,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 136 shares in the last quarter. Diversify Advisory Services LLC boosted its position in shares of Eaton by 4.2% in the first quarter. Diversify Advisory Services LLC now owns 1,646 shares of the industrial products company’s stock worth $478,000 after buying an additional 67 shares during the period. IFP Advisors Inc grew its stake in shares of Eaton by 4.8% in the first quarter. IFP Advisors Inc now owns 7,317 shares of the industrial products company’s stock valued at $1,989,000 after buying an additional 338 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Eaton by 130.2% during the 1st quarter. J.W. Cole Advisors Inc. now owns 15,762 shares of the industrial products company’s stock valued at $4,285,000 after buying an additional 8,914 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ETN. Weiss Ratings restated a “buy (b-)” rating on shares of Eaton in a report on Wednesday, October 8th. Mizuho upped their target price on shares of Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Melius Research raised shares of Eaton from a “hold” rating to a “buy” rating and lifted their price target for the stock from $412.00 to $495.00 in a research note on Monday, September 15th. Barclays upped their price objective on shares of Eaton from $344.00 to $362.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Daiwa America raised Eaton to a “strong-buy” rating in a research report on Thursday, September 11th. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $401.50.

Insider Transactions at Eaton

In other news, Director Gerald Johnson acquired 100 shares of Eaton stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $384.33 per share, for a total transaction of $38,433.00. Following the completion of the purchase, the director directly owned 200 shares of the company’s stock, valued at $76,866. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Eaton Price Performance

ETN opened at $342.56 on Tuesday. The company has a market capitalization of $133.05 billion, a P/E ratio of 34.46, a PEG ratio of 2.77 and a beta of 1.19. The company has a 50-day moving average of $372.06 and a 200-day moving average of $355.04. 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 Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.01. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.09 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. Equities analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Thursday, November 6th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 6th. Eaton’s payout ratio is 41.60%.

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.