MTM Investment Management LLC Has $1.70 Million Position in Eaton Corporation, PLC $ETN

MTM Investment Management LLC boosted its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,773 shares of the industrial products company’s stock after buying an additional 198 shares during the period. MTM Investment Management LLC’s holdings in Eaton were worth $1,704,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. IMA Advisory Services Inc. bought a new position in Eaton in the 1st quarter valued at about $25,000. Saudi Central Bank bought a new position in shares of Eaton in the first quarter valued at approximately $42,000. Flagship Wealth Advisors LLC boosted its position in shares of Eaton by 125.0% during the first quarter. Flagship Wealth Advisors LLC now owns 180 shares of the industrial products company’s stock valued at $49,000 after buying an additional 100 shares during the last quarter. SOA Wealth Advisors LLC. raised its position in Eaton by 36.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock valued at $49,000 after buying an additional 36 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Eaton during the 1st quarter valued at $54,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Eaton

In other Eaton news, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average price of $384.33 per share, for a total transaction of $38,433.00. Following the completion of the transaction, the director owned 200 shares of the company’s stock, valued at approximately $76,866. This represents a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Eaton in a research report on Wednesday, October 8th. Mizuho lifted their target price on shares of Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Barclays upped their target price on Eaton from $344.00 to $362.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Melius raised Eaton from a “hold” rating to a “buy” rating and set a $495.00 price objective on the stock in a research report on Monday, September 15th. Finally, Rothschild Redb upgraded Eaton to a “hold” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.50.

Eaton Stock Down 0.4%

Eaton stock opened at $352.62 on Friday. The firm has a 50 day simple moving average of $372.20 and a 200 day simple moving average of $354.33. 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 firm has a market capitalization of $136.96 billion, a price-to-earnings ratio of 35.47, a P/E/G ratio of 2.77 and a beta of 1.19.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.01. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 6th. Eaton’s dividend payout ratio (DPR) is presently 41.60%.

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.