Amundi Acquires 208,676 Shares of Eaton Corporation, PLC $ETN

Key Points

• Amundi has increased its stake in Eaton Corporation by 8.0%, owning 2,805,613 shares valued at approximately $735.25 million, representing 0.72% of the company.
• Analysts have a consensus rating of "Moderate Buy" for Eaton, with target prices ranging from $355.00 to $425.00 following several positive upgrades.
• Eaton has reported $2.95 EPS for its last quarter, exceeding estimates, while also announcing a quarterly dividend of $1.04 per share, yielding 1.2% annually.

Amundi grew its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 8.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,805,613 shares of the industrial products company's stock after buying an additional 208,676 shares during the period. Amundi owned approximately 0.72% of Eaton worth $735,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nuveen LLC acquired a new position in shares of Eaton during the 1st quarter worth about $1,472,231,000. GAMMA Investing LLC lifted its position in shares of Eaton by 27,281.9% during the 1st quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company's stock worth $976,772,000 after purchasing an additional 3,580,198 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Eaton by 85.4% during the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company's stock worth $986,966,000 after purchasing an additional 1,672,175 shares during the last quarter. Fayez Sarofim & Co lifted its position in shares of Eaton by 606.3% during the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company's stock worth $282,262,000 after purchasing an additional 880,656 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new position in shares of Eaton during the 4th quarter worth about $231,552,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ETN. BNP Paribas Exane began coverage on Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price objective for the company. Rothschild & Co Redburn began coverage on Eaton in a report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 price target for the company. Raymond James Financial upped their price target on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Barclays upped their price target on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their price target on Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $379.10.

Insider Buying and Selling at Eaton

In related 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 transaction of $5,740,691.02. Following the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.30% of the company's stock.

Eaton Price Performance

Shares of ETN stock traded up $0.82 during trading hours 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. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The firm has a market capitalization of $135.88 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.56 and a beta of 1.16. The firm's fifty day moving average is $362.31 and its 200 day moving average is $322.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24.

Eaton (NYSE:ETN - Get Free Report) last released 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. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $2.73 EPS. The company's revenue was up 10.7% compared to the same quarter last year. 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 predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton's dividend payout ratio is currently 41.85%.

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.