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

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

Several other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in shares of Eaton during the 1st quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new stake in shares of Eaton during the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV raised its stake in shares of Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Eaton during the 4th quarter worth approximately $33,000. Finally, Abound Wealth Management raised its stake in shares of Eaton by 73.8% during the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

ETN has been the topic of a number of analyst reports. Rothschild & Co Redburn initiated coverage on Eaton in a research note on Wednesday, August 20th. They set a “neutral” rating and a $336.00 price objective on the stock. Daiwa Capital Markets initiated coverage on Eaton in a research note on Thursday. They set an “outperform” rating and a $390.00 price objective on the stock. BNP Paribas began coverage on Eaton in a research note on Thursday, May 15th. They set an “outperform” rating and a $380.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Eaton from $300.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group boosted their target price on Eaton from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $379.59.

Eaton Stock Performance

Shares of NYSE ETN opened at $360.51 on Friday. 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 stock’s fifty day moving average price is $362.04 and its two-hundred day moving average price is $323.66. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The firm has a market cap of $140.35 billion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 2.59 and a beta of 1.16.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the firm posted $2.73 EPS. The company’s revenue for the quarter 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. On average, equities analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton’s dividend payout ratio is currently 41.85%.

Insider Buying and Selling

In other news, insider Olivier Leonetti sold 16,018 shares of the company’s stock in a transaction 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 directly owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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.