Eaton Corporation, PLC $ETN Shares Sold by Brasada Capital Management LP

Key Points

• Brasada Capital Management LP has reduced its stake in Eaton Corporation by 9.1%, selling 1,499 shares, leaving them with 14,906 shares worth approximately $3.79 million.
• Notably, Caisse DE Depot ET Placement DU Quebec significantly increased its holdings in Eaton by 1,202.6%, acquiring 195,753 shares valued at around $64.97 million.
• Eaton reported a quarterly EPS of $2.95, exceeding estimates and showing a 10.7% year-over-year revenue increase to $7.03 billion.

Brasada Capital Management LP lessened its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,906 shares of the industrial products company's stock after selling 1,499 shares during the period. Brasada Capital Management LP's holdings in Eaton were worth $3,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Financial Services LLC lifted its stake in shares of Eaton by 2.9% during the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock worth $319,000 after purchasing an additional 33 shares during the last quarter. E Fund Management Co. Ltd. increased its position in shares of Eaton by 3.1% during the first quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock worth $297,000 after purchasing an additional 33 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Eaton by 0.7% during the first quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock worth $1,378,000 after purchasing an additional 37 shares in the last quarter. Lantern Wealth Advisors LLC increased its position in shares of Eaton by 1.0% during the fourth quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock worth $1,340,000 after purchasing an additional 38 shares in the last quarter. Finally, AGH Wealth Advisors LLC increased its position in shares of Eaton by 2.6% during the first quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Activity

In related 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Eaton Stock Performance

ETN stock traded down $5.67 during midday trading on Tuesday, hitting $343.48. 2,462,028 shares of the stock traded hands, compared to its average volume of 2,320,225. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The firm has a market cap of $133.71 billion, a P/E ratio of 34.55, a PEG ratio of 2.57 and a beta of 1.16. 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 stock's fifty day simple moving average is $362.42 and its 200-day simple moving average is $321.36.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the firm posted $2.73 EPS. The business's 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, analysts expect 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. Stockholders of record on Thursday, August 7th were given 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 (DPR) is 41.85%.

Analyst Ratings Changes

ETN has been the topic of a number of recent analyst reports. Barclays upped their price target on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Citigroup boosted 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. Rothschild Redb raised shares of Eaton to a "hold" rating in a research report on Wednesday, August 20th. Morgan Stanley lifted their target price on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, BNP Paribas started coverage on Eaton in a report on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price for the company. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Eaton has an average rating of "Moderate Buy" and a consensus target price of $379.10.

About Eaton

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.