Cullen Frost Bankers Inc. Acquires 4,237 Shares of Eaton Corporation, PLC $ETN

Cullen Frost Bankers Inc. grew its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,401 shares of the industrial products company’s stock after buying an additional 4,237 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Eaton were worth $54,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its position in Eaton by 2.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 111,861 shares of the industrial products company’s stock worth $39,932,000 after buying an additional 2,395 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Eaton by 6.2% during the 2nd quarter. Whittier Trust Co. now owns 272,608 shares of the industrial products company’s stock worth $97,315,000 after purchasing an additional 15,971 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in shares of Eaton by 1.0% during the 2nd quarter. Princeton Global Asset Management LLC now owns 21,498 shares of the industrial products company’s stock worth $7,675,000 after purchasing an additional 207 shares during the last quarter. Lyell Wealth Management LP increased its stake in shares of Eaton by 3.2% during the 2nd 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 during the last quarter. Finally, Salomon & Ludwin LLC increased its stake in shares of Eaton by 142.3% during the 2nd 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 last quarter. 82.97% of the stock is owned by institutional investors.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the business’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 of the company’s stock, valued at $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

Eaton Stock Performance

NYSE ETN opened at $373.63 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $145.45 billion, a P/E ratio of 37.59, a P/E/G ratio of 2.70 and a beta of 1.18. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The firm has a 50-day moving average price of $363.19 and a two-hundred day moving average price of $341.08.

Eaton (NYSE:ETN) last posted its quarterly earnings data 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. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 6th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. Eaton’s payout ratio is currently 41.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ETN shares. Daiwa Capital Markets started coverage on shares of Eaton in a research note on Thursday, September 11th. They set an “outperform” rating and a $390.00 price objective on the stock. Rothschild Redb upgraded shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. Redburn Atlantic started coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a “hold” rating and a $336.00 price objective on the stock. Rothschild & Co Redburn started coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Eaton from $380.00 to $429.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $398.45.

About Eaton

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.