Aspire Growth Partners LLC Buys Shares of 3,424 Eaton Corporation, PLC $ETN

Key Points

• Aspire Growth Partners LLC acquired a new stake in Eaton Corporation, purchasing 3,424 shares valued at approximately $931,000 during the first quarter.
• Insider Olivier Leonetti sold 16,018 shares for over $5.74 million, significantly reducing his ownership position by 96.22%.
• Eaton Corporation's third-quarter guidance for EPS is set between $3.010-$3.070, following an earnings report that exceeded expectations with $2.95 EPS for the previous quarter.

Aspire Growth Partners LLC purchased a new stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,424 shares of the industrial products company's stock, valued at approximately $931,000.

Several other hedge funds have also bought and sold shares of ETN. IMA Advisory Services Inc. bought a new stake in shares of Eaton in the first quarter worth about $25,000. Capital A Wealth Management LLC purchased a new stake in Eaton during the fourth quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV raised its position in Eaton by 102.0% during the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 51 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in Eaton during the fourth quarter valued at approximately $33,000. Finally, Abound Wealth Management raised its position in Eaton by 73.8% during the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 62 shares during the period. Institutional investors own 82.97% of the company's stock.

Eaton Stock Performance

ETN traded up $1.9770 on Friday, reaching $347.3570. 1,964,878 shares of the stock were exchanged, compared to its average volume of 2,630,220. The company's 50-day moving average price is $360.36 and its 200 day moving average price is $319.71. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week 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 has a market capitalization of $135.23 billion, a PE ratio of 34.95, a PEG ratio of 2.55 and a beta of 1.18.

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 analysts' consensus estimates of $2.92 by $0.03. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company'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, sell-side analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed 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. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton's payout ratio is 41.85%.

Analyst Ratings Changes

ETN has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Raymond James Financial raised their price objective on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $396.00 target price on shares of Eaton in a research report on Monday, July 14th. KeyCorp lifted their price target on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada upped their price target on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $379.10.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the business's 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 completion of the sale, the insider directly owned 630 shares in the company, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.