Atalanta Sosnoff Capital LLC Has $9.48 Million Holdings in Eaton Corporation, PLC $ETN

Key Points

• Atalanta Sosnoff Capital LLC reduced its stake in Eaton Corporation by 73.6% in the first quarter, selling 97,469 shares and leaving it with 34,872 shares valued at about $9.5 million.
• Various hedge funds increased their positions in Eaton, including Benjamin Edwards Inc. which raised its stake by 33.8%, now owning 13,613 shares valued at $4.5 million.
• Eaton recently reported $2.95 EPS for its last quarter, surpassing estimates, and provided guidance of 3.010-3.070 EPS for Q3 2025.

Atalanta Sosnoff Capital LLC cut its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 73.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,872 shares of the industrial products company's stock after selling 97,469 shares during the period. Atalanta Sosnoff Capital LLC's holdings in Eaton were worth $9,479,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Commonwealth Financial Services LLC lifted its position in shares of Eaton by 2.9% in the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 33 shares in the last quarter. E Fund Management Co. Ltd. lifted its position in shares of Eaton by 3.1% in 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 acquiring an additional 33 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Eaton by 0.7% in 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 acquiring an additional 37 shares in the last quarter. Lantern Wealth Advisors LLC lifted its position in shares of Eaton by 1.0% in 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 acquiring an additional 38 shares in the last quarter. Finally, AGH Wealth Advisors LLC lifted its position in shares of Eaton by 2.6% in the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 38 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 0.2%

Shares of ETN traded up $0.82 during mid-day trading on Friday, hitting $349.04. 2,120,724 shares of the company's stock were exchanged, compared to its average volume of 1,880,771. The firm has a fifty day moving average of $362.31 and a two-hundred day moving average of $322.26. 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 $135.88 billion, a price-to-earnings ratio of 35.11, 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 Dividend Announcement

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 1.2%. Eaton's dividend payout ratio (DPR) is presently 41.85%.

Analyst Upgrades and Downgrades

ETN has been the subject of several research analyst reports. Sanford C. Bernstein restated an "outperform" rating and issued a $396.00 price target on shares of Eaton in a research report on Monday, July 14th. Rothschild & Co Redburn began 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. Morgan Stanley increased their target price on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Citigroup increased their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas began coverage on shares of Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $379.10.

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.