3,600 Shares in Eaton Corporation, PLC $ETN Acquired by CHURCHILL MANAGEMENT Corp

Key Points

• CHURCHILL MANAGEMENT Corp has acquired 3,600 shares of Eaton Corporation, valued at approximately $1.29 million, showcasing ongoing interest in the company among institutional investors.
• Eaton's recent quarterly earnings report revealed earnings per share of $2.95, exceeding analyst expectations and marking a 10.7% year-over-year revenue increase.
• The company's dividend of $1.04 per share signals a yield of 1.1%, with a payout ratio of 41.85%, reflecting strong financial health and commitment to returning value to shareholders.

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,600 shares of the industrial products company's stock, valued at approximately $1,285,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. 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 bought a new stake in Eaton during the first quarter valued at about $1,472,231,000. Goldman Sachs Group Inc. grew its position in shares of Eaton by 12.0% in the first 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 purchasing an additional 427,509 shares during the last quarter. Invesco Ltd. increased its stake in shares of Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock worth $1,063,727,000 after purchasing an additional 533,774 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Eaton by 12.2% in the first quarter. Alliancebernstein L.P. now owns 3,659,851 shares of the industrial products company's stock worth $994,857,000 after purchasing an additional 397,114 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Up 0.8%

Shares of ETN stock opened at $376.86 on Friday. 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 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The stock has a fifty day moving average price of $363.14 and a 200 day moving average price of $332.39. The stock has a market cap of $146.71 billion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter in the prior year, the company posted $2.73 EPS. The business's revenue was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's payout ratio is presently 41.85%.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the transaction, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ETN shares. Wall Street Zen lowered Eaton from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Melius Research raised Eaton from a "hold" rating to a "buy" rating and increased their price objective for the company from $412.00 to $495.00 in a research report on Monday, September 15th. Redburn Atlantic assumed coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price objective on the stock. Barclays boosted their target price on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $396.00 price target on shares of Eaton in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $390.68.

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.

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