KADENSA CAPITAL Ltd Makes New Investment in Eaton Corporation, PLC $ETN

Key Points

• KADENSA CAPITAL Ltd acquired 23,675 shares of Eaton Corporation, PLC, valued at approximately $6.4 million, marking a new position in the company.
• Insiders have made significant stock trades, with Olivier Leonetti selling 16,018 shares at an average price of $358.39, indicating a 96% decrease in their ownership.
• Eaton's recent quarterly earnings report revealed $2.95 earnings per share, exceeding estimates, and a revenue of $7.03 billion, showcasing a year-over-year growth of 10.7%.

KADENSA CAPITAL Ltd bought a new stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,675 shares of the industrial products company's stock, valued at approximately $6,436,000.

Several other institutional investors also recently added to or reduced their stakes in ETN. Vanguard Group Inc. raised its stake in shares of Eaton by 0.8% during the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock worth $10,195,725,000 after acquiring an additional 289,819 shares in the last quarter. Nuveen LLC bought a new stake in shares of Eaton during the 1st quarter valued at $1,472,231,000. Nuveen Asset Management LLC raised its position in shares of Eaton by 4.3% in the 4th quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock worth $1,550,226,000 after purchasing an additional 192,482 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 worth $1,083,442,000 after purchasing an additional 427,509 shares during the last quarter. Finally, Invesco Ltd. raised its position in Eaton by 15.8% in the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock worth $1,063,727,000 after buying an additional 533,774 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Eaton Price Performance

Eaton stock traded up $14.58 during mid-day trading on Wednesday, hitting $362.81. The stock had a trading volume of 1,346,830 shares, compared to its average volume of 2,932,956. The firm's 50 day moving average is $361.99 and its 200 day moving average is $322.90. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The firm has a market capitalization of $141.24 billion, a P/E ratio of 36.50, a P/E/G ratio of 2.50 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior 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. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were issued a $1.04 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. Eaton's dividend payout ratio (DPR) is currently 41.85%.

Insider Activity

In related news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Eaton from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. KeyCorp increased their price target on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Raymond James Financial increased their target price on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Evercore ISI increased their price target on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company raised their price objective on Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $379.10.

Eaton 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.