Eaton Corporation, PLC $ETN Holdings Boosted by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its holdings in Eaton Corporation, PLC (NYSE:ETNFree Report) by 58.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,643 shares of the industrial products company’s stock after buying an additional 2,816 shares during the period. Arkadios Wealth Advisors’ holdings in Eaton were worth $2,861,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new stake in Eaton during the 2nd quarter worth about $36,000. SOA Wealth Advisors LLC. lifted its position in shares of Eaton by 36.0% in the second quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 36 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of Eaton by 142.3% during the second quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 101 shares during the period. Horizon Bancorp Inc. IN boosted its holdings in shares of Eaton by 43.0% during the second quarter. Horizon Bancorp Inc. IN now owns 236 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 71 shares during the period. Finally, NewSquare Capital LLC grew its position in Eaton by 117.7% during the second quarter. NewSquare Capital LLC now owns 246 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 133 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton News Roundup

Here are the key news stories impacting Eaton this week:

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $339.89 per share, with a total value of $67,978.00. Following the completion of the acquisition, the director 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 document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 500 shares of company stock worth $174,389 in the last three months. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ETN shares. UBS Group reissued a “neutral” rating and set a $360.00 price objective (down previously from $440.00) on shares of Eaton in a research report on Sunday, January 4th. Morgan Stanley reduced their price target on Eaton from $425.00 to $405.00 and set an “overweight” rating for the company in a report on Monday, January 12th. JPMorgan Chase & Co. cut their price objective on shares of Eaton from $440.00 to $406.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Citigroup decreased their target price on shares of Eaton from $442.00 to $435.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Finally, Barclays dropped their price target on shares of Eaton from $362.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Eaton has an average rating of “Moderate Buy” and a consensus target price of $384.30.

Check Out Our Latest Report on Eaton

Eaton Trading Up 0.1%

Shares of ETN opened at $337.98 on Thursday. The stock’s 50-day moving average price is $332.83 and its 200 day moving average price is $355.70. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $131.27 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 2.28 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.

Eaton (NYSE:ETNGet Free Report) 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 company had revenue of $6.99 billion for the quarter, compared to analyst estimates 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 Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Eaton (NYSE:ETN)

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