SVB Wealth LLC Sells 11,508 Shares of Eaton Corporation, PLC $ETN

SVB Wealth LLC reduced its stake in Eaton Corporation, PLC (NYSE:ETN) by 26.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,220 shares of the industrial products company’s stock after selling 11,508 shares during the period. SVB Wealth LLC’s holdings in Eaton were worth $11,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cullen Investment Group LTD. increased its position in Eaton by 2.0% in the 2nd quarter. Cullen Investment Group LTD. now owns 73,260 shares of the industrial products company’s stock valued at $26,153,000 after acquiring an additional 1,468 shares during the period. Strs Ohio acquired a new position in shares of Eaton in the first quarter worth approximately $24,001,000. HCR Wealth Advisors boosted its holdings in Eaton by 39.5% in the second quarter. HCR Wealth Advisors now owns 5,229 shares of the industrial products company’s stock valued at $1,867,000 after acquiring an additional 1,481 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Eaton by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock worth $132,276,000 after purchasing an additional 29,900 shares during the period. Finally, Bowen Hanes & Co. Inc. boosted its stake in shares of Eaton by 1.7% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 197,775 shares of the industrial products company’s stock valued at $70,604,000 after purchasing an additional 3,295 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of research analyst reports. Melius Research upgraded Eaton from a “hold” rating to a “buy” rating and increased their price target for the stock from $412.00 to $495.00 in a report on Monday, September 15th. Wall Street Zen downgraded shares of Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Daiwa America raised shares of Eaton to a “strong-buy” rating in a research note on Thursday, September 11th. Daiwa Capital Markets began coverage on shares of Eaton in a report on Thursday, September 11th. They issued an “outperform” rating and a $390.00 target price on the stock. Finally, Mizuho upped their price target on Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $401.50.

Insider Activity

In related news, Director Gerald Johnson bought 200 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought 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 owned 400 shares of the company’s stock, valued at approximately $135,956. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have acquired 500 shares of company stock worth $174,389. Insiders own 0.30% of the company’s stock.

Eaton Stock Down 0.4%

ETN opened at $337.57 on Monday. The company has a 50 day moving average of $363.72 and a 200 day moving average of $357.09. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The company has a market cap of $131.11 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.01. Eaton had a net margin of 14.74% and a return on equity of 24.36%. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. On average, sell-side analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Thursday, November 6th were given a dividend of $1.04 per share. The ex-dividend date was Thursday, November 6th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton’s payout ratio is presently 41.60%.

Eaton Company 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.