Mainstream Capital Management LLC Buys Shares of 3,090 Eaton Corporation, PLC $ETN

Mainstream Capital Management LLC purchased a new position in shares of Eaton Corporation, PLC (NYSE:ETN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,090 shares of the industrial products company’s stock, valued at approximately $1,156,000.

Several other hedge funds have also recently bought and sold shares of ETN. WFA of San Diego LLC purchased a new stake in Eaton during the second quarter worth about $36,000. SOA Wealth Advisors LLC. increased its stake in Eaton by 36.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock worth $49,000 after buying an additional 36 shares during the period. Salomon & Ludwin LLC grew its stake in shares of Eaton by 142.3% in the second quarter. Salomon & Ludwin LLC now owns 172 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 101 shares in the last quarter. Horizon Bancorp Inc. IN increased its position in shares of Eaton by 43.0% during the second quarter. Horizon Bancorp Inc. IN now owns 236 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 71 shares during the period. Finally, NewSquare Capital LLC raised its stake in shares of Eaton by 117.7% in the second quarter. NewSquare Capital LLC now owns 246 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Trading Down 0.2%

NYSE ETN opened at $320.86 on Wednesday. The firm’s fifty day moving average is $348.03 and its two-hundred day moving average is $357.57. 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 quick ratio of 0.79 and a current ratio of 1.28. The firm has a market cap of $124.62 billion, a PE ratio of 32.09, a P/E/G ratio of 2.33 and a beta of 1.17.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.01. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Eaton had a return on equity of 24.36% and a net margin of 14.74%.Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. Analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

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

Insider Buying and Selling at Eaton

In other news, Director Gerald Johnson purchased 200 shares of the company’s stock in a transaction dated 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 purchase, the director directly owned 400 shares in the company, valued at $135,956. The trade was a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 500 shares of company stock valued at $174,389 over the last quarter. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

ETN has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Eaton from $425.00 to $432.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Mizuho increased their price objective on shares of Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen cut shares of Eaton from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Melius Research upgraded Eaton from a “hold” rating to a “buy” rating and raised their price target for the company from $412.00 to $495.00 in a research note on Monday, September 15th. Finally, KeyCorp upped their price objective on Eaton from $410.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.