CreativeOne Wealth LLC Increases Stake in Eaton Corporation, PLC $ETN

Key Points

• CreativeOne Wealth LLC increased its stake in Eaton Corporation by 37%, now holding 2,987 shares valued at $812,000.
• Eaton reported a quarterly earnings per share (EPS) of $2.95, exceeding analysts' expectations, with revenues rising 10.7% year-over-year to $7.03 billion.
• The company declared a quarterly dividend of $1.04 per share, reflecting an annualized yield of 1.2% and a payout ratio of 41.85%.

CreativeOne Wealth LLC boosted its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 37.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,987 shares of the industrial products company's stock after buying an additional 806 shares during the quarter. CreativeOne Wealth LLC's holdings in Eaton were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Eaton by 0.8% in 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 buying an additional 289,819 shares during the last quarter. Nuveen LLC purchased a new position in shares of Eaton in the first quarter worth about $1,472,231,000. Nuveen Asset Management LLC increased its stake in shares of Eaton by 4.3% in the fourth quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock worth $1,550,226,000 after purchasing an additional 192,482 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Eaton by 12.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock worth $1,083,442,000 after purchasing an additional 427,509 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock worth $1,063,727,000 after purchasing an additional 533,774 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the company'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 completion of the sale, the insider owned 630 shares of the company's stock, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ETN. Redburn Atlantic began coverage on Eaton in a research report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price target for the company. Evercore ISI lifted their price target on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Rothschild & Co Redburn initiated coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price objective for the company. Citigroup boosted their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Eaton currently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Eaton Price Performance

ETN stock traded up $3.77 during midday trading on Thursday, reaching $346.76. The company had a trading volume of 882,385 shares, compared to its average volume of 2,956,087. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a market capitalization of $134.99 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.57 and a beta of 1.16. The firm has a 50-day moving average price of $362.41 and a 200-day moving average price of $321.66.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data 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. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same period in the prior year, the business earned $2.73 EPS. The company'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, research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton's dividend payout ratio 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.