Parallel Advisors LLC Sells 221 Shares of Eaton Corporation, PLC $ETN

Parallel Advisors LLC trimmed its holdings in Eaton Corporation, PLC (NYSE:ETN) by 2.5% in the 2nd quarter, Holdings Channel reports. The fund owned 8,749 shares of the industrial products company’s stock after selling 221 shares during the quarter. Parallel Advisors LLC’s holdings in Eaton were worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ETN. IMA Advisory Services Inc. bought a new stake in shares of Eaton in the first quarter valued at about $25,000. Capital A Wealth Management LLC bought a new stake in shares of Eaton in the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV grew its holdings 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 fourth quarter valued at approximately $33,000. Finally, Abound Wealth Management lifted its position in Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 62 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Performance

Eaton stock opened at $375.99 on Tuesday. The company has a market cap of $146.37 billion, a PE ratio of 37.83, a PEG ratio of 2.61 and a beta of 1.17. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The company’s 50-day moving average is $362.48 and its two-hundred day moving average is $325.21.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the firm posted $2.73 earnings per share. Eaton’s revenue for the quarter was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Equities analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were given a $1.04 dividend. 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 (DPR) is currently 41.85%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Rothschild & Co Redburn assumed coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price target on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $396.00 target price on shares of Eaton in a research note on Monday, July 14th. Barclays raised their price target on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Wall Street Zen cut Eaton from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Redburn Atlantic began coverage on Eaton in a research note on Wednesday, August 20th. They issued a “hold” rating and a $336.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $390.68.

Insider Activity at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the sale, the insider owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

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.