Hsbc Holdings PLC Increases Stake in Eaton Corporation, PLC $ETN

Key Points

• Hsbc Holdings PLC increased its stake in Eaton Corporation by 3.8%, owning approximately 0.07% of the company, valued at $78.73 million, after purchasing an additional 10,565 shares.
• In the latest earnings report, Eaton Corporation reported $2.95 EPS, exceeding expectations, and projected fiscal year 2025 guidance of $11.970 to $12.170 EPS.
• Eaton announced a quarterly dividend of $1.04 per share, yielding 1.2%, with the payment date set for August 22nd for stockholders on record as of August 7th.

Hsbc Holdings PLC increased its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 291,807 shares of the industrial products company's stock after buying an additional 10,565 shares during the period. Hsbc Holdings PLC owned about 0.07% of Eaton worth $78,730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Eaton by 0.7% in the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock valued at $3,593,000 after purchasing an additional 96 shares in the last quarter. Bearing Point Capital LLC purchased a new position in Eaton in the fourth quarter valued at $2,713,000. Brighton Jones LLC raised its stake in Eaton by 4.9% in the first quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after buying an additional 164 shares in the last quarter. Kennebec Savings Bank lifted its holdings in Eaton by 5.4% during the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock worth $738,000 after buying an additional 139 shares during the last quarter. Finally, American National Bank & Trust boosted its position in shares of Eaton by 5.4% during the 1st quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock worth $855,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ETN. Citigroup raised their target price on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised their price objective on shares of Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Barclays boosted their price objective on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Morgan Stanley increased their target price on shares of Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Eaton from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $379.10.

Eaton Stock Performance

Shares of Eaton stock traded up $1.9770 during trading on Friday, reaching $347.3570. The company's stock had a trading volume of 1,964,878 shares, compared to its average volume of 2,630,220. The company has a 50-day moving average price of $360.36 and a two-hundred day moving average price of $319.74. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The firm has a market cap of $135.23 billion, a PE ratio of 34.95, a P/E/G ratio of 2.56 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 0.76 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.03. The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. Eaton's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $2.73 EPS. 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 forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton's payout ratio is 41.85%.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the 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 of the company's stock, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.