Horizon Bancorp Inc. IN Has $84,000 Holdings in Eaton Corporation, PLC $ETN

Horizon Bancorp Inc. IN lifted its position in Eaton Corporation, PLC (NYSE:ETN) by 43.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 236 shares of the industrial products company’s stock after buying an additional 71 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Eaton were worth $84,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Eaton by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company’s stock valued at $10,195,725,000 after buying an additional 289,819 shares during the last quarter. Nuveen LLC acquired a new position in Eaton in the 1st quarter valued at $1,472,231,000. Goldman Sachs Group Inc. grew its stake in Eaton by 12.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company’s stock valued at $1,083,442,000 after buying an additional 427,509 shares during the last quarter. Invesco Ltd. grew its stake in Eaton by 15.8% in the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock valued at $1,063,727,000 after buying an additional 533,774 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Eaton by 12.2% in the 1st quarter. Alliancebernstein L.P. now owns 3,659,851 shares of the industrial products company’s stock valued at $994,857,000 after buying an additional 397,114 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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. Insiders own 0.30% of the company’s stock.

Eaton Trading Up 0.1%

Shares of ETN stock opened at $377.13 on Friday. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The company has a market capitalization of $146.82 billion, a P/E ratio of 37.94, a P/E/G ratio of 2.69 and a beta of 1.18. The firm has a 50-day moving average price of $361.72 and a 200 day moving average price of $335.14. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.03. The firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company 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. Research analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 7th. Eaton’s dividend payout ratio (DPR) is presently 41.85%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ETN shares. Wall Street Zen lowered shares of Eaton from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Citigroup increased their price target on shares of Eaton from $438.00 to $442.00 and gave the company a “buy” rating in a report on Thursday. Daiwa America raised shares of Eaton to a “strong-buy” rating in a report on Thursday, September 11th. Melius Research raised shares of Eaton from a “hold” rating to a “buy” rating and increased their price target for the company from $412.00 to $495.00 in a report on Monday, September 15th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $396.00 price objective on shares of Eaton in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Eaton has an average rating of “Moderate Buy” and a consensus price target of $393.05.

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.