Eaton Corporation, PLC $ETN Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Eaton Corporation by 282.5% during the first quarter, now holding 56,807 shares valued at approximately $15.44 million.
• Eaton recently reported $2.95 EPS for the last quarter, exceeding estimates and showing a 10.7% year-over-year revenue growth with a total revenue of $7.03 billion.
• The company has declared a quarterly dividend of $1.04 per share, with a current yield of 1.2% and a payout ratio of 41.85%.

Jump Financial LLC boosted its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 282.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,807 shares of the industrial products company's stock after acquiring an additional 41,954 shares during the period. Jump Financial LLC's holdings in Eaton were worth $15,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. APG Asset Management N.V. grew its stake in Eaton by 3.9% in the 1st quarter. APG Asset Management N.V. now owns 428,813 shares of the industrial products company's stock valued at $107,910,000 after acquiring an additional 16,025 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in Eaton by 15.5% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,204,589 shares of the industrial products company's stock valued at $327,443,000 after acquiring an additional 162,059 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Eaton by 11.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 70,951 shares of the industrial products company's stock valued at $19,287,000 after acquiring an additional 7,036 shares during the last quarter. Haverford Trust Co grew its stake in Eaton by 4.2% in the 1st quarter. Haverford Trust Co now owns 397,732 shares of the industrial products company's stock valued at $108,116,000 after acquiring an additional 15,916 shares during the last quarter. Finally, Groupe la Francaise lifted its holdings in Eaton by 122.7% in the 1st quarter. Groupe la Francaise now owns 290,345 shares of the industrial products company's stock valued at $79,578,000 after purchasing an additional 159,942 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction dated 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 in the company, valued at $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Eaton Trading Up 0.6%

Shares of ETN stock opened at $347.3570 on Friday. The firm has a market cap of $135.23 billion, a P/E ratio of 34.95, a PEG ratio of 2.56 and a beta of 1.18. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-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 firm's 50-day simple moving average is $360.36 and its 200-day simple moving average is $319.74.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company's revenue was up 10.7% on a year-over-year basis. During the same period in the prior 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. As a group, equities analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

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

Analyst Upgrades and Downgrades

ETN has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Redburn Atlantic initiated coverage on shares of Eaton in a report on Wednesday. They issued a "hold" rating and a $336.00 target price on the stock. Citigroup upped their target price on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Rothschild & Co Redburn initiated coverage on shares of Eaton in a report on Wednesday. They issued a "neutral" rating and a $336.00 target price on the stock. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $396.00 target price on shares of Eaton in a report on Monday, July 14th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.