Eaton Corporation, PLC $ETN Shares Sold by Sandler Capital Management

Key Points

• Sandler Capital Management has reduced its stake in Eaton Corporation by 51.4%, selling 14,909 shares and leaving it with 14,108 shares valued at approximately $3.84 million.
• Insiders at Eaton have been active, notably with Olivier Leonetti selling 16,018 shares for about $5.74 million, significantly reducing their stake by 96.22%.
• Eaton's quarterly earnings beat estimates with an EPS of $2.95 compared to a consensus estimate of $2.92, and the company reported a 10.7% year-over-year revenue increase.

Sandler Capital Management lowered its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 51.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,108 shares of the industrial products company's stock after selling 14,909 shares during the period. Sandler Capital Management's holdings in Eaton were worth $3,835,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Nippon Life Global Investors Americas Inc. lifted its holdings in Eaton by 19.1% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 6,110 shares of the industrial products company's stock worth $1,661,000 after acquiring an additional 980 shares during the last quarter. KADENSA CAPITAL Ltd bought a new position in Eaton in the first quarter worth about $6,436,000. Gotham Asset Management LLC lifted its holdings in Eaton by 13.5% in the first quarter. Gotham Asset Management LLC now owns 53,218 shares of the industrial products company's stock worth $14,466,000 after acquiring an additional 6,314 shares during the last quarter. Hancock Whitney Corp lifted its holdings in Eaton by 12.9% in the first quarter. Hancock Whitney Corp now owns 3,169 shares of the industrial products company's stock worth $861,000 after acquiring an additional 363 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake in shares of Eaton by 1,274.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 34,468 shares of the industrial products company's stock valued at $9,369,000 after purchasing an additional 31,960 shares during the period. Institutional investors own 82.97% of the company's stock.

Eaton Price Performance

Shares of NYSE ETN traded down $1.55 during mid-day trading on Tuesday, reaching $347.94. 1,759,315 shares of the company traded hands, compared to its average volume of 1,818,921. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two 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 firm has a market cap of $135.45 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16. The stock has a fifty day simple moving average of $361.99 and a 200-day simple moving average of $322.90.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data 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. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the business earned $2.73 earnings per share. The business's revenue for the quarter was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

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%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ETN. Sanford C. Bernstein restated an "outperform" rating and issued a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. The Goldman Sachs Group raised their price target on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company raised their price target on shares of Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Rothschild & Co Redburn began coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 price target on the stock. Finally, Raymond James Financial raised their price target on shares of Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Eaton has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the transaction, the insider owned 630 shares in the company, valued at approximately $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.