Eaton Corporation, PLC $ETN Stock Position Lowered by Curbstone Financial Management Corp

Curbstone Financial Management Corp lessened its position in Eaton Corporation, PLC (NYSE:ETN) by 7.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,004 shares of the industrial products company’s stock after selling 150 shares during the period. Curbstone Financial Management Corp’s holdings in Eaton were worth $715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new position in shares of Eaton in the 1st quarter worth $25,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Eaton by 102.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Graybill Wealth Management LTD. acquired a new position in shares of Eaton in the 1st quarter worth $41,000. Saudi Central Bank acquired a new position in shares of Eaton in the 1st quarter worth $42,000. Finally, Horizon Bancorp Inc. IN grew its holdings in shares of Eaton by 70.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 165 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho lifted their target price on Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday. Rothschild Redb upgraded Eaton to a “hold” rating in a report on Wednesday, August 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $396.00 target price on shares of Eaton in a report on Monday, July 14th. The Goldman Sachs Group lifted their price target on Eaton from $345.00 to $382.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Melius Research upgraded Eaton from a “hold” rating to a “buy” rating and lifted their price target for the company from $412.00 to $495.00 in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $398.45.

Insider Buying and Selling

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

Eaton Stock Performance

Shares of ETN stock opened at $373.60 on Friday. The stock’s fifty day simple moving average is $362.63 and its 200-day simple moving average is $339.01. 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 has a market capitalization of $145.44 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 2.68 and a beta of 1.18.

Eaton (NYSE:ETN) last issued its earnings results 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 the consensus estimate of $6.93 billion. During the same quarter in the previous year, the company posted $2.73 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were paid a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. Eaton’s payout ratio is 41.85%.

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.