Eaton Corporation, PLC $ETN is J. Stern & Co. LLP's 6th Largest Position

Key Points

• J. Stern & Co. LLP increased its stake in Eaton Corporation by 9.7% to own a total of 224,298 shares, making it the firm's 6th largest position at a value of approximately $60.97 million.
• Eaton reported a quarterly earnings per share of $2.95, exceeding estimates, with revenues of $7.03 billion during the quarter, reflecting a year-over-year growth of 10.7%.
• The company declared a quarterly dividend of $1.04 per share, contributing to an annualized dividend of $4.16 and a yield of 1.2%.

J. Stern & Co. LLP grew its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 224,298 shares of the industrial products company's stock after buying an additional 19,785 shares during the quarter. Eaton accounts for 5.8% of J. Stern & Co. LLP's investment portfolio, making the stock its 6th biggest position. J. Stern & Co. LLP owned 0.06% of Eaton worth $60,971,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in ETN. GAMMA Investing LLC raised its position in Eaton by 0.7% in the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock worth $3,593,000 after purchasing an additional 96 shares during the period. Bearing Point Capital LLC purchased a new position in Eaton in the 4th quarter worth $2,713,000. Brighton Jones LLC raised its position in Eaton by 4.9% in the 1st quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock worth $953,000 after purchasing an additional 164 shares during the period. Kennebec Savings Bank raised its position in Eaton by 5.4% in the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock worth $738,000 after purchasing an additional 139 shares during the period. Finally, American National Bank & Trust grew its holdings in Eaton by 5.4% in 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 during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ETN shares. Wells Fargo & Company raised their price target on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Sanford C. Bernstein reissued an "outperform" rating and issued a $396.00 price target on shares of Eaton in a report on Monday, July 14th. Barclays raised their price target on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Evercore ISI raised their price target on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Finally, Raymond James Financial raised their price target on shares of Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Eaton currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.10.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.

Eaton Stock Down 1.7%

NYSE:ETN traded down $6.21 during mid-day trading on Friday, hitting $349.13. 2,386,036 shares of the company's stock were exchanged, compared to its average volume of 2,458,865. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. 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 business has a fifty day moving average price of $362.10 and a 200 day moving average price of $320.91. The company has a market cap of $135.92 billion, a PE ratio of 35.12, a P/E/G ratio of 2.62 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last posted 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 business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the firm posted $2.73 earnings per share. Eaton's quarterly 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. Equities analysts predict that Eaton Corporation, PLC will post 12.02 EPS 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 paid 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 is currently 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.