Ascent Group LLC Has $767,000 Holdings in Eaton Corporation, PLC $ETN

Key Points

• Ascent Group LLC reduced its holdings in Eaton Corporation, PLC by 47.2% in Q1, now owning 2,823 shares worth $767,000.
• Other institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also increased their stakes in Eaton, reflecting continued interest in the company.
• Eaton reported a quarterly earnings per share (EPS) of $2.95, surpassing estimates and showing a year-over-year revenue increase of 10.7%. Additionally, the company declared a quarterly dividend of $1.04 per share.

Ascent Group LLC lessened its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 47.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,823 shares of the industrial products company's stock after selling 2,528 shares during the quarter. Ascent Group LLC's holdings in Eaton were worth $767,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. purchased a new stake in shares of Eaton in the 1st quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in Eaton in the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV lifted its position in Eaton by 102.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after buying an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in Eaton in the 4th quarter worth approximately $33,000. Finally, Abound Wealth Management lifted its position in Eaton by 73.8% in the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Transactions at Eaton

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 value of $5,740,691.02. Following the transaction, the insider directly owned 630 shares in the company, 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 SEC, which is available through this link. Insiders own 0.30% of the company's stock.

Eaton Stock Up 1.7%

Shares of ETN traded up $6.23 during mid-day trading on Friday, hitting $366.31. 3,108,319 shares of the company's stock were exchanged, compared to its average volume of 1,837,146. The firm has a fifty day moving average of $362.13 and a two-hundred day moving average of $324.20. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The stock has a market cap of $142.60 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the business posted $2.73 EPS. Eaton's quarterly 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. On average, sell-side analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were paid a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. Eaton's dividend payout ratio (DPR) is presently 41.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of Eaton in a research report on Thursday. They issued an "outperform" rating and a $390.00 target price for the company. Redburn Atlantic assumed coverage on shares of Eaton in a research report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 target price for the company. Rothschild Redb upgraded shares of Eaton to a "hold" rating in a research report on Wednesday, August 20th. Rothschild & Co Redburn started coverage on shares of Eaton in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 target price for the company. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $379.59.

Eaton Company 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.