Eaton Corporation, PLC $ETN Shares Sold by Transamerica Financial Advisors LLC

Key Points

• Transamerica Financial Advisors LLC reduced its stake in Eaton Corporation by 4.1%, now holding 18,244 shares valued at approximately $4.96 million.
• Several major institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their holdings in Eaton, indicating strong institutional interest in the stock.
• Eaton reported $2.95 earnings per share in its latest quarter, exceeding analyst expectations, with revenue growth of 10.7% year-over-year.

Transamerica Financial Advisors LLC cut its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,244 shares of the industrial products company's stock after selling 789 shares during the period. Transamerica Financial Advisors LLC's holdings in Eaton were worth $4,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Eaton by 0.8% during the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock worth $10,195,725,000 after purchasing an additional 289,819 shares during the last quarter. Nuveen LLC acquired a new position in Eaton in the 1st quarter valued at $1,472,231,000. Nuveen Asset Management LLC raised its position 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 worth $1,550,226,000 after buying an additional 192,482 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Eaton by 12.0% in 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. boosted its holdings in shares of Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock valued at $1,063,727,000 after acquiring an additional 533,774 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Performance

NYSE ETN opened at $352.52 on Wednesday. The business has a 50 day moving average price of $360.96 and a 200 day moving average price of $320.23. The company has a market capitalization of $137.24 billion, a P/E ratio of 35.47, a PEG ratio of 2.55 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.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the company earned $2.73 earnings per share. Eaton's revenue was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Sell-side analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm 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. 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 payout ratio is presently 41.85%.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction dated 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 sale, the insider owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Rothschild Redb raised shares of Eaton to a "hold" rating in a report on Wednesday, August 20th. Citigroup increased their target price on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. BNP Paribas Exane began coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. Wall Street Zen lowered Eaton from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley increased their price objective on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $379.10.

Eaton 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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