Representative David Taylor (R-Ohio) recently bought shares of Eaton Co. plc (NYSE:ETN). In a filing disclosed on April 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Eaton stock on March 10th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.
Representative David Taylor also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 3/27/2025.
- Purchased $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 3/10/2025.
- Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/10/2025.
- Sold $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 3/10/2025.
- Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 3/10/2025.
- Sold $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/20/2025.
- Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 2/20/2025.
- Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 2/10/2025.
- Purchased $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/10/2025.
- Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 2/5/2025.
Eaton Price Performance
NYSE ETN traded down $0.67 on Tuesday, reaching $251.79. 2,278,220 shares of the stock traded hands, compared to its average volume of 2,581,986. Eaton Co. plc has a 12 month low of $231.85 and a 12 month high of $379.99. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The firm's fifty day simple moving average is $295.28 and its 200 day simple moving average is $329.70. The company has a market cap of $98.64 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 2.64 and a beta of 1.09.
Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same quarter last year, the company earned $2.55 EPS. As a group, research analysts predict that Eaton Co. plc will post 12.02 EPS for the current fiscal year.
Eaton Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Eaton's previous quarterly dividend of $0.94. Eaton's dividend payout ratio (DPR) is currently 43.79%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of ETN. United Bank bought a new position in Eaton during the third quarter valued at approximately $258,000. Edgestream Partners L.P. raised its holdings in shares of Eaton by 16.5% during the 3rd quarter. Edgestream Partners L.P. now owns 2,318 shares of the industrial products company's stock valued at $768,000 after purchasing an additional 329 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Eaton in the 3rd quarter valued at $3,371,000. Investment Management Corp of Ontario boosted its holdings in Eaton by 49.7% in the third quarter. Investment Management Corp of Ontario now owns 13,256 shares of the industrial products company's stock worth $4,394,000 after purchasing an additional 4,400 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in Eaton by 18.5% during the third quarter. IHT Wealth Management LLC now owns 11,666 shares of the industrial products company's stock worth $3,861,000 after buying an additional 1,822 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ETN has been the subject of a number of research reports. Citigroup reduced their target price on shares of Eaton from $440.00 to $410.00 and set a "buy" rating for the company in a report on Monday, January 13th. Wells Fargo & Company decreased their target price on Eaton from $335.00 to $305.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Royal Bank of Canada reduced their target price on Eaton from $405.00 to $376.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Jefferies Financial Group dropped their price target on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Finally, Barclays reduced their price objective on shares of Eaton from $315.00 to $306.00 and set an "equal weight" rating for the company in a research note on Friday. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Eaton currently has a consensus rating of "Moderate Buy" and an average target price of $355.89.
Get Our Latest Stock Analysis on Eaton
About Representative Taylor
David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024.
David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.
About Eaton
(
Get Free Report)
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.
Featured Stories
Before you consider Eaton, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eaton wasn't on the list.
While Eaton currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
