Eaton Corporation, PLC $ETN Position Trimmed by Andina Capital Management LLC

Key Points

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Andina Capital Management LLC lowered its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 36.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286 shares of the industrial products company's stock after selling 734 shares during the quarter. Andina Capital Management LLC's holdings in Eaton were worth $350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ETN. Brighton Jones LLC lifted its holdings in Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock worth $1,109,000 after buying an additional 45 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock worth $303,000 after buying an additional 136 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Eaton in the 4th quarter worth $42,839,000. Capital International Inc. CA lifted its holdings in Eaton by 51.9% in the 4th quarter. Capital International Inc. CA now owns 11,241 shares of the industrial products company's stock worth $3,731,000 after buying an additional 3,842 shares in the last quarter. Finally, Ostrum Asset Management lifted its holdings in Eaton by 9.7% in the 4th quarter. Ostrum Asset Management now owns 79,540 shares of the industrial products company's stock worth $26,397,000 after buying an additional 7,005 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

ETN has been the subject of several research analyst reports. KeyCorp boosted their target price on shares of Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada boosted their target price on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Raymond James Financial boosted their target price on shares of Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Rothschild & Co Redburn initiated coverage on shares of Eaton in a research report on Wednesday. They issued a "neutral" rating and a $336.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $379.10.

Eaton Stock Performance

NYSE:ETN traded up $1.9770 during mid-day trading on Friday, hitting $347.3570. The stock had a trading volume of 1,964,878 shares, compared to its average volume of 2,630,220. The stock has a market capitalization of $135.23 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 2.55 and a beta of 1.18. The company has a 50 day simple moving average of $360.36 and a 200-day simple moving average of $319.71. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56. 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 issued 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 for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. Eaton's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm 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, research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business 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 dividend payout ratio (DPR) is presently 41.85%.

Insider Buying and Selling

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 transaction of $5,740,691.02. Following the transaction, the insider owned 630 shares of the company's stock, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company's stock.

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.