Eaton Corporation, PLC $ETN Shares Sold by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has cut its stake in Eaton Corporation, PLC by 7.3%, now holding 181,522 shares valued at $49.34 million.
• The company reported $2.95 earnings per share (EPS) for the last quarter, beating analysts' estimates, with revenue increasing by 10.7% year-over-year.
• Eaton has announced a quarterly dividend of $1.04 per share, with a current yield of 1.2% and a payout ratio of 41.85%.

Caisse DE Depot ET Placement DU Quebec trimmed its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,522 shares of the industrial products company's stock after selling 14,231 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Eaton were worth $49,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in Eaton by 1.4% in the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock worth $1,109,000 after purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC increased its stake in Eaton by 17.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock worth $303,000 after purchasing an additional 136 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in Eaton in the fourth quarter worth $42,839,000. Nebula Research & Development LLC purchased a new stake in Eaton in the fourth quarter worth $355,000. Finally, Johnson Financial Group Inc. increased its stake in Eaton by 43.1% in the fourth quarter. Johnson Financial Group Inc. now owns 906 shares of the industrial products company's stock worth $296,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In other news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ETN shares. The Goldman Sachs Group increased their target price on Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. KeyCorp increased their target price on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Rothschild Redb upgraded Eaton to a "hold" rating in a research note on Wednesday, August 20th. BNP Paribas Exane initiated coverage on Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target on the stock. Finally, Citigroup raised their price objective on Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Eaton has an average rating of "Moderate Buy" and a consensus target price of $379.10.

Eaton Price Performance

Shares of NYSE:ETN traded down $6.21 during trading on Friday, reaching $349.13. The stock had a trading volume of 2,386,036 shares, compared to its average volume of 2,458,865. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The business has a fifty day moving average price of $362.10 and a 200-day moving average price of $320.91. The stock has a market cap of $135.92 billion, a PE ratio of 35.12, a PEG ratio of 2.62 and a beta of 1.18. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. The firm had revenue of $7.03 billion for 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 business's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.73 earnings per share. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, equities analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were given a dividend of $1.04 per share. 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%.

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.