Independence Bank of Kentucky Raises Holdings in Eaton Corporation, PLC $ETN

Independence Bank of Kentucky increased its holdings in Eaton Corporation, PLC (NYSE:ETN) by 3.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,467 shares of the industrial products company’s stock after acquiring an additional 205 shares during the period. Independence Bank of Kentucky’s holdings in Eaton were worth $2,309,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ETN. IMA Advisory Services Inc. purchased a new position in Eaton in the first quarter worth approximately $25,000. Creative Financial Designs Inc. ADV grew its position in Eaton by 102.0% in the first 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 during the period. Abound Wealth Management grew its position in Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 62 shares during the period. Graybill Wealth Management LTD. purchased a new position in Eaton in the first quarter worth approximately $41,000. Finally, Saudi Central Bank purchased a new position in shares of Eaton during the first quarter worth $42,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Eaton Trading Up 0.2%

NYSE:ETN opened at $365.63 on Monday. The firm has a market cap of $142.34 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 2.61 and a beta of 1.17. The stock has a fifty day moving average price of $363.52 and a 200 day moving average price of $330.74. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the business posted $2.73 earnings per share. Eaton’s revenue was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Sell-side analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were paid a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 41.85%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ETN shares. Sanford C. Bernstein restated an “outperform” rating and set a $396.00 price target on shares of Eaton in a research report on Monday, July 14th. Redburn Atlantic started coverage on Eaton in a research report on Wednesday, August 20th. They set a “hold” rating and a $336.00 price target for the company. KeyCorp raised their price target on Eaton from $355.00 to $410.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. The Goldman Sachs Group raised their price target on Eaton from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Daiwa Capital Markets started coverage on Eaton in a research report on Thursday, September 11th. They set an “outperform” rating and a $390.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.68.

Eaton Company Profile

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.