5th Street Advisors LLC Buys Shares of 1,200 Eaton Corporation, PLC $ETN

Key Points

• 5th Street Advisors LLC has acquired a new stake in Eaton Corporation, PLC, purchasing 1,200 shares valued at approximately $326,000.
• Insider Olivier Leonetti sold 16,018 shares for over $5.7 million, significantly reducing his ownership in the company by 96.22%.
• Eaton reported a quarterly earnings beat with $2.95 EPS, exceeding analyst expectations, and has provided Q3 guidance of 3.010-3.070 EPS.

5th Street Advisors LLC bought a new stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 1,200 shares of the industrial products company's stock, valued at approximately $326,000.

Several other hedge funds have also modified their holdings of ETN. Commonwealth Financial Services LLC grew its stake in Eaton by 2.9% during the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 33 shares in the last quarter. E Fund Management Co. Ltd. grew its stake in Eaton by 3.1% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock valued at $297,000 after purchasing an additional 33 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Eaton by 0.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock valued at $1,378,000 after purchasing an additional 37 shares in the last quarter. Lantern Wealth Advisors LLC grew its stake in Eaton by 1.0% during the 4th quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock valued at $1,340,000 after purchasing an additional 38 shares in the last quarter. Finally, AGH Wealth Advisors LLC grew its stake in Eaton by 2.6% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 38 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Performance

Shares of NYSE ETN traded up $0.82 during mid-day trading on Friday, hitting $349.04. The company had a trading volume of 2,120,724 shares, compared to its average volume of 1,880,771. The stock has a market cap of $135.88 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.56 and a beta of 1.16. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month 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 firm's 50 day simple moving average is $362.31 and its two-hundred day simple moving average is $322.18.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business 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. As a group, equities research analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton's payout ratio is presently 41.85%.

Analyst Ratings Changes

ETN has been the subject of a number of recent analyst reports. Rothschild & Co Redburn initiated coverage on Eaton in a research note on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price objective for the company. Citigroup lifted their target price on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their target price on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Raymond James Financial lifted their target price on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Morgan Stanley lifted their target price on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Eaton has a consensus rating of "Moderate Buy" and a consensus price target of $379.10.

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the sale, the insider owned 630 shares of the company's stock, valued at $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

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.