Mattson Financial Services LLC Raises Stock Position in Eaton Corporation, PLC $ETN

Key Points

• Mattson Financial Services LLC increased its position in Eaton Corporation shares by 35.0%, holding 7,051 shares valued at approximately $1.9 million.
• Eaton's latest earnings report showed a 10.7% increase in revenue year-over-year, with earnings per share exceeding estimates, achieving $2.95 against a consensus of $2.92.
• Institutional investors own 82.97% of Eaton's stock, highlighting strong interest from institutional funds in the company's shares.

Mattson Financial Services LLC lifted its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 35.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,051 shares of the industrial products company's stock after buying an additional 1,828 shares during the period. Mattson Financial Services LLC's holdings in Eaton were worth $1,917,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Eaton by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock valued at $10,195,725,000 after purchasing an additional 289,819 shares during the period. Nuveen LLC purchased a new position in Eaton during the 1st quarter valued at about $1,472,231,000. Nuveen Asset Management LLC increased its holdings in Eaton by 4.3% during the 4th quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock valued at $1,550,226,000 after purchasing an additional 192,482 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Eaton by 12.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock worth $1,083,442,000 after acquiring an additional 427,509 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Eaton by 15.8% during the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock worth $1,063,727,000 after acquiring an additional 533,774 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Stock Up 1.7%

ETN stock traded up $6.23 during midday trading on Friday, hitting $366.31. The company's stock had a trading volume of 3,108,319 shares, compared to its average volume of 1,837,146. The company has a market cap of $142.60 billion, a PE ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm's 50-day moving average is $362.13 and its 200-day moving average is $324.39.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm's quarterly 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. On average, equities research analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's dividend payout ratio is presently 41.85%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ETN. Wells Fargo & Company upped their target price on Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Rothschild & Co Redburn began coverage on Eaton in a report on Wednesday, August 20th. They set a "neutral" rating and a $336.00 target price on the stock. Barclays boosted 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. Redburn Atlantic began coverage on Eaton in a research report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price target on the stock. Finally, Daiwa Capital Markets began coverage on Eaton in a research report on Thursday. They issued an "outperform" rating and a $390.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.59.

Insider Buying and Selling 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 transaction, the insider directly owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by insiders.

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.