RNC Capital Management LLC Sells 738 Shares of Eaton Corporation, PLC $ETN

by · The Cerbat Gem

RNC Capital Management LLC reduced its stake in Eaton Corporation, PLC (NYSE:ETN – Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,093 shares of the industrial products company’s stock after selling 738 shares during the period. RNC Capital Management LLC’s holdings in Eaton were worth $10,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. IMA Advisory Services Inc. acquired a new position in shares of Eaton in the 1st quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of Eaton in the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Eaton by 102.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of Eaton in the 4th quarter worth approximately $33,000. Finally, Abound Wealth Management boosted its holdings in shares of Eaton by 73.8% in the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 62 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ETN shares. Wall Street Zen raised Eaton from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Rothschild Redb raised Eaton to a “hold” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. upped their price objective on Eaton from $300.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. 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. Finally, Citigroup upped their price objective on Eaton from $420.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average target price of $379.10.

Read Our Latest Analysis on ETN

Eaton Price Performance

ETN opened at $349.04 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The company has a fifty day simple moving average of $362.31 and a 200 day simple moving average of $322.36. The stock has a market cap of $135.88 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.57 and a beta of 1.17.

Eaton (NYSE:ETN – Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.03. The business had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.73 EPS. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, research analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton’s dividend payout ratio is 41.85%.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the 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 completion of the transaction, the insider owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

About Eaton

(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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