Eaton Corporation, PLC $ETN Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC reduced its stake in Eaton Corporation by 8.6%, owning 17,899 shares worth $4.87 million after selling 1,686 shares in the first quarter.
• Eaton reported earnings of $2.95 EPS for the latest quarter, exceeding analysts' expectations, with a revenue of $7.03 billion, indicating a 10.7% year-over-year growth.
• The company announced a quarterly dividend of $1.04 per share, resulting in an annual dividend yield of 1.1%, with a current payout ratio of 41.85%.

Intech Investment Management LLC decreased its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,899 shares of the industrial products company's stock after selling 1,686 shares during the quarter. Intech Investment Management LLC's holdings in Eaton were worth $4,865,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. IMA Advisory Services Inc. purchased a new stake in shares of Eaton in the 1st quarter valued at $25,000. Capital A Wealth Management LLC acquired a new position in shares of Eaton in the 4th quarter valued at $26,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Eaton by 102.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 51 shares during the period. Vermillion Wealth Management Inc. acquired a new position in Eaton during the fourth quarter worth $33,000. Finally, Abound Wealth Management raised its position in Eaton by 73.8% during the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after acquiring an additional 62 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction 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 sale, the insider directly owned 630 shares in the company, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company's stock.

Eaton Stock Up 1.7%

ETN stock opened at $366.31 on Friday. The company's 50 day moving average is $362.13 and its two-hundred day moving average is $324.20. The stock has a market cap of $142.60 billion, a P/E ratio of 36.85, a PEG ratio of 2.57 and a beta of 1.16. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve 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.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results 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. The business had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company 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. Research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given 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 was Thursday, August 7th. Eaton's payout ratio is presently 41.85%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ETN. Daiwa America upgraded shares of Eaton to a "strong-buy" rating in a research report on Thursday. Evercore ISI upped their price objective on shares of Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Rothschild Redb raised shares of Eaton to a "hold" rating in a research note on Wednesday, August 20th. Wells Fargo & Company increased their target price on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Barclays increased their target price on shares of Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Eaton has an average rating of "Moderate Buy" and a consensus target price of $379.59.

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.

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