RMG Wealth Management LLC Invests $336,000 in Eaton Corporation, PLC $ETN

RMG Wealth Management LLC purchased a new stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 879 shares of the industrial products company’s stock, valued at approximately $336,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Eaton by 1.4% during the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock worth $1,109,000 after buying an additional 45 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Eaton by 17.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after buying an additional 136 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Eaton by 9.2% in the 1st quarter. Sivia Capital Partners LLC now owns 1,190 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 100 shares during the last quarter. Wedmont Private Capital raised its holdings in Eaton by 7.1% in the 1st quarter. Wedmont Private Capital now owns 5,872 shares of the industrial products company’s stock valued at $1,630,000 after acquiring an additional 388 shares during the last quarter. Finally, RDA Financial Network lifted its position in Eaton by 4.4% during the first quarter. RDA Financial Network now owns 1,269 shares of the industrial products company’s stock worth $345,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the sale, the insider owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of research reports. Daiwa Capital Markets assumed coverage on Eaton in a research note on Thursday, September 11th. They set an “outperform” rating and a $390.00 price target on the stock. Rothschild Redb upgraded shares of Eaton to a “hold” rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Eaton in a research report on Saturday, September 27th. Barclays raised their price target on Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Citigroup increased their price target on shares of Eaton from $420.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $392.27.

Eaton Price Performance

Shares of NYSE:ETN opened at $380.22 on Tuesday. The stock’s 50 day moving average price is $362.51 and its 200 day moving average price is $334.08. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The stock has a market cap of $148.02 billion, a price-to-earnings ratio of 38.25, a PEG ratio of 2.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter last year, the business posted $2.73 EPS. Eaton’s revenue was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

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

Eaton 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.