22,500 Shares in Eaton Corporation, PLC $ETN Bought by Resolute Capital Asset Partners LLC

Resolute Capital Asset Partners LLC acquired a new stake in Eaton Corporation, PLC (NYSE:ETN) in the 2nd quarter, Holdings Channel reports. The fund acquired 22,500 shares of the industrial products company’s stock, valued at approximately $8,032,000. Eaton comprises approximately 4.2% of Resolute Capital Asset Partners LLC’s investment portfolio, making the stock its 6th largest position.

Several other hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted its position in shares of Eaton by 19.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 2,970 shares of the industrial products company’s stock valued at $1,060,000 after purchasing an additional 492 shares during the period. Baird Financial Group Inc. lifted its stake in Eaton by 8.8% in the second quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock valued at $132,276,000 after buying an additional 29,900 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in Eaton by 25.4% in the second quarter. Crescent Grove Advisors LLC now owns 2,328 shares of the industrial products company’s stock valued at $831,000 after buying an additional 472 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Eaton by 29.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,174 shares of the industrial products company’s stock worth $1,133,000 after acquiring an additional 729 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Eaton during the 2nd quarter worth $104,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

ETN has been the topic of a number of recent research reports. Redburn Atlantic assumed coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a “hold” rating and a $336.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Eaton from $429.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company lifted their target price on Eaton from $375.00 to $395.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Mizuho boosted their target price on Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Daiwa Capital Markets began coverage on Eaton in a report on Thursday, September 11th. They set an “outperform” rating and a $390.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.05.

Eaton Trading Up 1.6%

NYSE:ETN opened at $342.95 on Tuesday. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28. The stock has a fifty day moving average price of $363.23 and a two-hundred day moving average price of $357.25. The stock has a market capitalization of $133.20 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 2.50 and a beta of 1.17.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.01. Eaton had a net margin of 14.74% and a return on equity of 24.36%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

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

Insider Transactions at Eaton

In other news, Director Gerald Johnson bought 200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were 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 in the company, valued at $135,956. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 500 shares of company stock worth $174,389 over the last ninety days. 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.