EFG Asset Management North America Corp. Has $2.97 Million Position in Eaton Corporation, PLC $ETN

Key Points

• EFG Asset Management North America Corp. increased its holdings in Eaton Corporation by 9.0%, acquiring an additional 900 shares, bringing their total to 10,919 shares valued at approximately $2.97 million.
• In the first quarter, several institutional investors notably increased their stakes in Eaton, with Cinctive Capital Management LP raising its position by 529.6% to a total of 3,891 shares, with additional new positions taken by other firms valued at over $3.13 million.
• Eaton reported a quarterly earnings beat with $2.95 EPS, surpassing analysts' expectations, while its revenue increased by 10.7% year-over-year to $7.03 billion.

EFG Asset Management North America Corp. boosted its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,919 shares of the industrial products company's stock after buying an additional 900 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Eaton were worth $2,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETN. Brighton Jones LLC increased its holdings in Eaton by 1.4% in the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after buying an additional 45 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Eaton by 17.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after buying an additional 136 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Eaton in the fourth quarter valued at about $42,839,000. Brown Advisory Inc. increased its holdings in Eaton by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 36,180 shares of the industrial products company's stock valued at $12,007,000 after buying an additional 329 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Eaton by 2.8% during the fourth quarter. Captrust Financial Advisors now owns 55,503 shares of the industrial products company's stock valued at $18,420,000 after purchasing an additional 1,537 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Eaton Price Performance

Shares of NYSE:ETN traded up $0.28 on Monday, reaching $349.31. 1,630,785 shares of the company traded hands, compared to its average volume of 2,949,425. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The company's 50 day moving average is $362.31 and its 200-day moving average is $322.36. The stock has a market capitalization of $135.98 billion, a PE ratio of 35.14, a P/E/G ratio of 2.57 and a beta of 1.17. 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 (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating 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 company had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm earned $2.73 EPS. The company's quarterly revenue 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. As a group, analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were given a dividend of $1.04 per share. 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 41.85%.

Insider Activity at Eaton

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on ETN shares. Evercore ISI raised their price target on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. The Goldman Sachs Group raised their price target on Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Barclays raised their price target on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their price target on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Finally, 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. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

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.