Eaton (NYSE:ETN) Stock Acquired Rep. David Taylor

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 Stock Performance

Shares of ETN opened at $246.36 on Friday. The company has a 50-day moving average of $296.43 and a two-hundred day moving average of $330.00. The stock has a market cap of $96.52 billion, a P/E ratio of 25.93, a PEG ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a 12-month low of $236.58 and a 12-month high of $379.99. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN) last posted its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating 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 period last year, the company posted $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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.69%. This is a boost from Eaton’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Monday, March 10th. Eaton’s dividend payout ratio is presently 43.79%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ETN shares. Melius cut Eaton from a “buy” rating to a “hold” rating and set a $373.00 price objective for the company. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price target on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group reduced their price objective on shares of Eaton from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Barclays lowered their target price 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. Finally, Wells Fargo & Company reduced their price target on Eaton from $335.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $356.68.

Institutional Trading of Eaton

A number of institutional investors have recently modified their holdings of ETN. Moody National Bank Trust Division lifted its position in Eaton by 4.5% during the first quarter. Moody National Bank Trust Division now owns 5,658 shares of the industrial products company’s stock valued at $1,538,000 after buying an additional 242 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Eaton by 118.6% during the 1st quarter. Versant Capital Management Inc now owns 1,390 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 754 shares in the last quarter. Cullen Investment Group LTD. boosted its position in Eaton by 1.5% during the 1st quarter. Cullen Investment Group LTD. now owns 71,792 shares of the industrial products company’s stock worth $19,515,000 after purchasing an additional 1,066 shares during the period. Neville Rodie & Shaw Inc. boosted its position in Eaton by 6.7% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 40,944 shares of the industrial products company’s stock worth $11,130,000 after purchasing an additional 2,558 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Eaton by 32.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 39,359 shares of the industrial products company’s stock valued at $10,699,000 after purchasing an additional 9,615 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.

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.