Davis Capital Management Takes $1.61 Million Position in Eaton Corporation, PLC $ETN

Davis Capital Management acquired a new position in shares of Eaton Corporation, PLC (NYSE:ETN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,309 shares of the industrial products company’s stock, valued at approximately $1,613,000. Eaton comprises about 1.1% of Davis Capital Management’s portfolio, making the stock its 24th biggest holding.

Several other large investors have also recently bought and sold shares of the company. Lyell Wealth Management LP boosted its position in shares of Eaton by 3.2% during the second quarter. Lyell Wealth Management LP now owns 975 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 30 shares in the last quarter. Beaumont Financial Advisors LLC lifted its holdings in Eaton by 2.6% during the second quarter. Beaumont Financial Advisors LLC now owns 1,307 shares of the industrial products company’s stock worth $467,000 after acquiring an additional 33 shares in the last quarter. Dakota Community Bank & Trust NA increased its holdings in shares of Eaton by 6.3% in the third quarter. Dakota Community Bank & Trust NA now owns 594 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 35 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in shares of Eaton by 36.0% during 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 during the period. Finally, Sepio Capital LP lifted its holdings in shares of Eaton by 2.5% during the 1st quarter. Sepio Capital LP now owns 1,636 shares of the industrial products company’s stock valued at $445,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 2.7%

Shares of NYSE:ETN opened at $327.16 on Friday. The company’s 50-day moving average price is $345.12 and its two-hundred day moving average price is $357.13. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. 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 $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 (NYSE:ETN) last released its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.99 billion for the quarter, compared to the consensus estimate 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. On average, equities analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

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

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson bought 200 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the completion of the acquisition, the director owned 400 shares in the company, valued at approximately $135,956. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 500 shares of company stock valued at $174,389 over the last three months. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on ETN. Daiwa Capital Markets began coverage on shares of Eaton in a report on Thursday, September 11th. They set an “outperform” rating and a $390.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Eaton in a report on Wednesday, October 8th. Wolfe Research raised shares of Eaton from a “peer perform” rating to an “outperform” rating and set a $413.00 target price for the company in a research note on Tuesday, December 9th. Barclays lifted their price target on Eaton from $344.00 to $362.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Mizuho upped their price objective on Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Eaton currently has an average 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.