Cinctive Capital Management LP Boosts Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• Cinctive Capital Management LP increased its stake in Eaton Corporation by 529.6% in Q1, holding shares worth approximately $1.06 million after acquiring additional shares during the period.
• Several institutional investors also adjusted their positions in Eaton, leading to an ownership of 82.97% of the company's stock by institutional investors and hedge funds.
• Eaton reported a Q2 EPS of $2.95, exceeding the consensus estimate and showing a 10.7% year-over-year revenue increase, while the company guides for projected EPS of 3.010-3.070 for Q3 2025.

Cinctive Capital Management LP raised its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 529.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,891 shares of the industrial products company's stock after purchasing an additional 3,273 shares during the period. Cinctive Capital Management LP's holdings in Eaton were worth $1,058,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ETN. Vanguard Group Inc. raised its position in Eaton by 0.8% during the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock worth $10,195,725,000 after acquiring an additional 289,819 shares during the period. Nuveen LLC purchased a new stake in shares of Eaton during the first quarter worth about $1,472,231,000. Nuveen Asset Management LLC lifted its stake in Eaton by 4.3% in the 4th quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock valued at $1,550,226,000 after buying an additional 192,482 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Eaton by 12.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock worth $1,083,442,000 after buying an additional 427,509 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Eaton by 15.8% during the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock worth $1,063,727,000 after buying an additional 533,774 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Trading Down 0.4%

ETN stock traded down $1.55 during mid-day trading on Tuesday, hitting $347.94. 1,685,420 shares of the company were exchanged, compared to its average volume of 2,942,015. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The firm has a market capitalization of $135.45 billion, a P/E ratio of 35.00, a PEG ratio of 2.57 and a beta of 1.17. The business has a fifty day simple moving average of $362.14 and a 200-day simple moving average of $322.72. 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 issued its quarterly earnings data 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 firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the business posted $2.73 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. 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 research analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were issued 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 payout ratio is currently 41.85%.

Analyst Ratings Changes

ETN has been the topic of several research reports. BNP Paribas initiated coverage on Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Citigroup upped their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Sanford C. Bernstein reissued an "outperform" rating and issued a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $379.10.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction dated 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 completion of the transaction, the insider directly owned 630 shares of the company's stock, valued at $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.30% of the company's stock.

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.