Baird Financial Group Inc. Boosts Stock Position in Eaton Corporation, PLC $ETN

Baird Financial Group Inc. grew its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 370,531 shares of the industrial products company’s stock after buying an additional 29,900 shares during the quarter. Baird Financial Group Inc. owned 0.10% of Eaton worth $132,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ETN. Crescent Grove Advisors LLC boosted its stake in Eaton by 25.4% during the 2nd quarter. Crescent Grove Advisors LLC now owns 2,328 shares of the industrial products company’s stock valued at $831,000 after acquiring an additional 472 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Eaton by 29.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,174 shares of the industrial products company’s stock valued at $1,133,000 after purchasing an additional 729 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Eaton during the second quarter worth about $104,000. Nicolet Bankshares Inc. lifted its position in shares of Eaton by 5.5% during the second quarter. Nicolet Bankshares Inc. now owns 5,774 shares of the industrial products company’s stock worth $2,061,000 after purchasing an additional 299 shares during the last quarter. Finally, Correct Capital Wealth Management grew its stake in Eaton by 2.4% in the second quarter. Correct Capital Wealth Management now owns 3,446 shares of the industrial products company’s stock worth $1,230,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ETN shares. Mizuho increased their target price on Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Barclays raised their price objective on Eaton from $344.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Citigroup boosted their target price on shares of Eaton from $438.00 to $442.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Rothschild Redb upgraded shares of Eaton to a “hold” rating in a research report on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.50.

Eaton Stock Performance

Shares of ETN opened at $335.62 on Thursday. The firm has a fifty day moving average of $364.80 and a 200-day moving average of $356.71. The company has a market cap of $130.36 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 2.51 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56.

Eaton (NYSE:ETN) last issued its quarterly earnings data 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. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.09 billion. Eaton had a net margin of 14.74% and a return on equity of 24.36%. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. As a group, equities analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Thursday, November 6th 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, November 6th. Eaton’s dividend payout ratio is 41.60%.

Insider Transactions at Eaton

In other Eaton news, Director Gerald Johnson bought 200 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the transaction, the director directly owned 400 shares in the company, valued at $135,956. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 500 shares of company stock valued at $174,389. Corporate insiders own 0.30% of the company’s stock.

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.