Davis Capital Management Acquires Shares of 4,309 Eaton Corporation, PLC $ETN

Davis Capital Management bought a new position in Eaton Corporation, PLC (NYSE:ETN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,309 shares of the industrial products company’s stock, valued at approximately $1,613,000. Eaton makes up about 1.1% of Davis Capital Management’s holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after acquiring an additional 45 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 136 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Eaton by 12.9% in the 1st quarter. Hancock Whitney Corp now owns 3,169 shares of the industrial products company’s stock worth $861,000 after purchasing an additional 363 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of Eaton by 13.5% during the 1st quarter. Gotham Asset Management LLC now owns 53,218 shares of the industrial products company’s stock worth $14,466,000 after purchasing an additional 6,314 shares in the last quarter. Finally, Shellback Capital LP bought a new position in Eaton during the 1st quarter valued at about $12,955,000. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 2.7%

Shares of ETN opened at $327.16 on Friday. The stock’s fifty day simple moving average is $345.12 and its 200-day simple moving average is $357.13. The firm has a market capitalization of $127.07 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.09 and a beta of 1.20. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.01. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Eaton had a return on equity of 24.36% and a net margin of 14.74%.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, research analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Thursday, November 6th were paid a $1.04 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a yield of 1.3%. Eaton’s dividend payout ratio (DPR) is presently 41.60%.

Insider Activity at Eaton

In related news, Director Gerald Johnson purchased 200 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $339.89 per share, with a total value of $67,978.00. Following the purchase, the director directly owned 400 shares in the company, valued at $135,956. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have acquired 500 shares of company stock worth $174,389. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ETN shares. KeyCorp raised their price objective on shares of Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Daiwa America raised Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Sanford C. Bernstein set a $295.00 price objective on Eaton in a research report on Friday, December 19th. Melius Research upgraded Eaton from a “hold” rating to a “buy” rating and increased their target price for the stock from $412.00 to $495.00 in a report on Monday, September 15th. Finally, Mizuho lifted their price target on Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, October 17th. One 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $394.62.

About Eaton

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.