Farther Finance Advisors LLC Grows Stake in Eaton Corporation, PLC $ETN

Farther Finance Advisors LLC increased its position in Eaton Corporation, PLC (NYSE:ETN) by 25.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,862 shares of the industrial products company’s stock after purchasing an additional 3,203 shares during the period. Farther Finance Advisors LLC’s holdings in Eaton were worth $5,936,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ETN. OMERS ADMINISTRATION Corp grew its holdings in shares of Eaton by 2,414.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 430,061 shares of the industrial products company’s stock valued at $116,903,000 after buying an additional 412,960 shares during the last quarter. Alliancebernstein L.P. lifted its position in Eaton by 12.2% in the 1st quarter. Alliancebernstein L.P. now owns 3,659,851 shares of the industrial products company’s stock valued at $994,857,000 after acquiring an additional 397,114 shares in the last quarter. Amundi boosted its stake in Eaton by 8.0% during the 1st quarter. Amundi now owns 2,805,613 shares of the industrial products company’s stock valued at $735,250,000 after purchasing an additional 208,676 shares during the last quarter. Temasek Holdings Private Ltd increased its holdings in shares of Eaton by 112.5% in the 1st quarter. Temasek Holdings Private Ltd now owns 340,376 shares of the industrial products company’s stock worth $92,524,000 after purchasing an additional 180,233 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its stake in shares of Eaton by 457.6% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 198,567 shares of the industrial products company’s stock worth $70,887,000 after purchasing an additional 162,958 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ETN shares. Melius upgraded Eaton from a “hold” rating to a “buy” rating and set a $495.00 price objective for the company in a report on Monday, September 15th. Mizuho raised their price target on shares of Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. KeyCorp raised their target price on shares of Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, Citigroup lifted their target price on shares of Eaton from $438.00 to $442.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average target price of $394.62.

Eaton Trading Up 0.7%

Shares of Eaton stock opened at $322.78 on Wednesday. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The company’s fifty day simple moving average is $353.44 and its 200-day simple moving average is $357.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.28 and a quick ratio of 0.79. The stock has a market capitalization of $125.37 billion, a PE ratio of 32.28, a P/E/G ratio of 2.32 and a beta of 1.17.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.01. Eaton had a return on equity of 24.36% and a net margin of 14.74%.The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.09 billion. 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 company also recently announced 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 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, November 6th. Eaton’s dividend payout ratio is currently 41.60%.

Insider Buying and Selling

In other news, Director Gerald Johnson purchased 200 shares of the stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of $339.89 per share, with a total value of $67,978.00. Following the completion of the acquisition, the director directly owned 400 shares of the company’s stock, valued at $135,956. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have purchased 500 shares of company stock worth $174,389. 0.30% of the stock is currently owned by company insiders.

Eaton Company Profile

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.