Transamerica Financial Advisors LLC Trims Stock Holdings in Eaton Corporation, PLC $ETN

by · The Cerbat Gem

Transamerica Financial Advisors LLC lowered its stake in shares of Eaton Corporation, PLC (NYSE:ETN – Free Report) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,244 shares of the industrial products company’s stock after selling 789 shares during the period. Transamerica Financial Advisors LLC’s holdings in Eaton were worth $4,960,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Eaton during the 1st quarter worth about $1,472,231,000. GAMMA Investing LLC lifted its stake in shares of Eaton by 27,281.9% during the first quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company’s stock valued at $976,772,000 after buying an additional 3,580,198 shares during the period. Ameriprise Financial Inc. boosted its position in Eaton by 85.4% during the first quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock worth $986,966,000 after acquiring an additional 1,672,175 shares during the last quarter. Fayez Sarofim & Co grew its stake in Eaton by 606.3% in the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock worth $282,262,000 after acquiring an additional 880,656 shares during the period. Finally, Leigh Baldwin & CO. LLC acquired a new position in Eaton in the 4th quarter valued at $231,552,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

ETN has been the topic of several analyst reports. Redburn Atlantic started coverage on Eaton in a report on Wednesday, August 20th. They set a “hold” rating and a $336.00 price objective on the stock. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Citigroup lifted their price target on Eaton from $420.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Raymond James Financial increased their price objective on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Morgan Stanley boosted their target price on shares of Eaton from $375.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $379.10.

Read Our Latest Stock Report on ETN

Eaton Stock Up 2.0%

Shares of NYSE:ETN opened at $352.52 on Wednesday. The stock has a 50-day simple moving average of $360.96 and a 200-day simple moving average of $320.23. The stock has a market capitalization of $137.24 billion, a P/E ratio of 35.47, a PEG ratio of 2.55 and a beta of 1.18. 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 quick ratio of 0.76 and a current ratio of 1.24.

Eaton (NYSE:ETN – Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating 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 firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the company posted $2.73 earnings per share. Eaton’s 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. Equities analysts forecast 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. Investors of record on Thursday, August 7th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton’s dividend payout ratio is currently 41.85%.

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 transaction 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 this hyperlink. 0.30% of the stock is owned by company insiders.

Eaton Profile

(Free Report)

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.

See Also

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