Ellsworth Advisors LLC Sells 67 Shares of Eaton Corporation, PLC $ETN

Ellsworth Advisors LLC trimmed its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 5.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,164 shares of the industrial products company’s stock after selling 67 shares during the quarter. Ellsworth Advisors LLC’s holdings in Eaton were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Wealth Management Associates Inc. lifted its position in shares of Eaton by 15.9% during the 1st quarter. Wealth Management Associates Inc. now owns 1,784 shares of the industrial products company’s stock worth $485,000 after buying an additional 245 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Eaton by 16.0% during the 1st quarter. Jacobi Capital Management LLC now owns 7,633 shares of the industrial products company’s stock worth $2,075,000 after buying an additional 1,050 shares during the last quarter. Advisors Capital Management LLC lifted its position in shares of Eaton by 9.9% during the 1st quarter. Advisors Capital Management LLC now owns 100,585 shares of the industrial products company’s stock worth $27,342,000 after buying an additional 9,052 shares during the last quarter. SWS Partners lifted its position in shares of Eaton by 3.0% during the 1st quarter. SWS Partners now owns 10,366 shares of the industrial products company’s stock worth $2,818,000 after buying an additional 303 shares during the last quarter. Finally, Mattson Financial Services LLC lifted its position in shares of Eaton by 35.0% during the 1st quarter. Mattson Financial Services LLC now owns 7,051 shares of the industrial products company’s stock worth $1,917,000 after buying an additional 1,828 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of the firm’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 completion of the sale, the insider owned 630 shares of the company’s stock, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ETN. Barclays upped their price objective on 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 upped their price objective on Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Daiwa Capital Markets initiated coverage on Eaton in a report on Thursday. They issued an “outperform” rating and a $390.00 target price for the company. Wells Fargo & Company upped their target price on Eaton from $310.00 to $360.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Finally, Morgan Stanley upped their target price on Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Fifteen 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.59.

Eaton Price Performance

Shares of ETN opened at $360.51 on Friday. 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 company has a market capitalization of $140.35 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 2.59 and a beta of 1.16. The business has a 50-day moving average of $362.04 and a 200-day moving average of $323.66.

Eaton (NYSE:ETN) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter last year, the firm posted $2.73 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. 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 research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton’s dividend payout ratio (DPR) is currently 41.85%.

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.