Eaton Corporation, PLC $ETN Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Eaton Corporation by 71.1% in the first quarter, purchasing an additional 17,886 shares, bringing its total holdings to 43,042 shares.
• Eaton's stock is currently valued at $355.53 and has a market capitalization of $138.41 billion, with a PE ratio of 35.77.
• The company recently declared a quarterly dividend of $1.04 per share, representing an annualized dividend of $4.16 and a yield of 1.2%.

Trexquant Investment LP raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 71.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,042 shares of the industrial products company's stock after purchasing an additional 17,886 shares during the period. Trexquant Investment LP's holdings in Eaton were worth $11,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ETN. Brighton Jones LLC raised its position in Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 45 shares during the period. Revolve Wealth Partners LLC raised its position in Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 136 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in Eaton during the fourth quarter valued at approximately $42,839,000. Nebula Research & Development LLC purchased a new stake in shares of Eaton in the fourth quarter worth approximately $355,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Eaton in the fourth quarter worth approximately $176,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Trading Down 1.7%

NYSE:ETN traded down $6.21 during midday trading on Friday, hitting $349.13. The stock had a trading volume of 2,386,036 shares, compared to its average volume of 2,457,321. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The stock has a 50-day moving average of $362.10 and a 200 day moving average of $321.08. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $135.92 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.57 and a beta of 1.17.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $2.73 earnings per share. 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, sell-side analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were paid a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a yield of 1.2%. Eaton's dividend payout ratio (DPR) is 41.85%.

Insider Transactions at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ETN has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Evercore ISI increased 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. BNP Paribas Exane initiated coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target on the stock. Redburn Atlantic assumed coverage on Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price target on the stock. Finally, BNP Paribas assumed coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective on the stock. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $379.10.

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.