Eaton Corporation, PLC $ETN Shares Acquired by Mattson Financial Services LLC

Mattson Financial Services LLC lifted its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 35.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,051 shares of the industrial products company’s stock after purchasing an additional 1,828 shares during the quarter. Mattson Financial Services LLC’s holdings in Eaton were worth $1,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Financial Services LLC grew its stake in shares of Eaton by 2.9% during the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 33 shares during the period. E Fund Management Co. Ltd. grew its stake in shares of Eaton by 3.1% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company’s stock worth $297,000 after purchasing an additional 33 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Eaton by 0.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company’s stock worth $1,378,000 after purchasing an additional 37 shares during the period. Lantern Wealth Advisors LLC grew its stake in shares of Eaton by 1.0% during the 4th quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company’s stock worth $1,340,000 after purchasing an additional 38 shares during the period. Finally, AGH Wealth Advisors LLC grew its stake in shares of Eaton by 2.6% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 38 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on ETN shares. Barclays boosted their price objective on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Raymond James Financial boosted their price objective on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Evercore ISI boosted their price objective on shares of Eaton from $326.00 to $349.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. KeyCorp boosted their price objective on shares of Eaton from $355.00 to $410.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Eaton from $310.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $379.10.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider directly owned 630 shares in the company, valued at $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by insiders.

Eaton Trading Up 4.1%

Shares of ETN stock opened at $362.35 on Thursday. The firm has a market cap of $141.06 billion, a P/E ratio of 36.45, a PEG ratio of 2.49 and a beta of 1.16. 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 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The firm’s 50-day simple moving average is $362.07 and its 200-day simple moving average is $323.17.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, equities analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were 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 was Thursday, August 7th. Eaton’s dividend payout ratio is presently 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.