Eaton Corporation, PLC $ETN Stock Position Lifted by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Eaton Corporation, PLC by 32.7% during the 1st quarter, acquiring an additional 4,225 shares, bringing its total holdings to 17,135 shares valued at approximately $4.66 million.
• Eaton's recent quarterly earnings showed an EPS of $2.95, surpassing expectations, with revenue of $7.03 billion, marking a 10.7% increase compared to the same quarter last year.
• The company declared a quarterly dividend of $1.04 per share, reflecting a 1.2% yield and a dividend payout ratio of 41.85%.

Vident Advisory LLC grew its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,135 shares of the industrial products company's stock after acquiring an additional 4,225 shares during the period. Vident Advisory LLC's holdings in Eaton were worth $4,658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. IMA Advisory Services Inc. acquired a new position in Eaton in the first quarter worth about $25,000. Capital A Wealth Management LLC bought a new stake in shares of Eaton in the 4th quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV raised its position in shares of Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 51 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in Eaton during the fourth quarter worth $33,000. Finally, Abound Wealth Management increased its stake in Eaton by 73.8% during the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Eaton Price Performance

Shares of Eaton stock traded down $1.13 on Wednesday, hitting $342.62. The company had a trading volume of 1,520,833 shares, compared to its average volume of 2,968,808. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week 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 company has a market cap of $133.38 billion, a PE ratio of 34.47, a PEG ratio of 2.57 and a beta of 1.16. The business has a 50-day simple moving average of $362.41 and a 200-day simple moving average of $321.51.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share 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 the consensus estimate of $6.93 billion. During the same period in the prior year, the firm posted $2.73 earnings per share. The firm'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. Research analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ETN shares. The Goldman Sachs Group raised their price target on shares of Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Redburn Atlantic assumed coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 target price on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $396.00 target price on shares of Eaton in a report on Monday, July 14th. Barclays increased their price target on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley boosted their price objective on Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $379.10.

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were 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 $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.