Venture Visionary Partners LLC Has $2.58 Million Stock Position in Eaton Corporation, PLC $ETN

Key Points

• Venture Visionary Partners LLC reduced its stake in Eaton Corporation by 50.1%, now holding 9,498 shares valued at approximately $2.58 million.
• Several other institutional investors, including Vanguard Group and Goldman Sachs, have increased their stakes, with Vanguard owning over 37.5 million shares valued at around $10.2 billion.
• Eaton announced a quarterly dividend of $1.04 per share, reflecting an annualized yield of 1.2% based on its current payout ratio of 41.85%.

Venture Visionary Partners LLC decreased its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 50.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,498 shares of the industrial products company's stock after selling 9,524 shares during the period. Venture Visionary Partners LLC's holdings in Eaton were worth $2,582,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ETN. Nuveen LLC acquired a new position in shares of Eaton in the 1st quarter worth approximately $1,472,231,000. GAMMA Investing LLC raised its holdings in shares of Eaton by 27,281.9% in the 1st quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company's stock worth $976,772,000 after buying an additional 3,580,198 shares in the last quarter. Fayez Sarofim & Co raised its holdings in shares of Eaton by 606.3% in the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company's stock worth $282,262,000 after buying an additional 880,656 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in Eaton during the 4th quarter valued at $231,552,000. Finally, Janus Henderson Group PLC increased its holdings in Eaton by 24.3% during the 4th quarter. Janus Henderson Group PLC now owns 3,007,570 shares of the industrial products company's stock valued at $998,144,000 after purchasing an additional 588,370 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Stock Up 0.6%

Shares of Eaton stock traded up $1.9770 during trading on Friday, reaching $347.3570. The stock had a trading volume of 1,964,878 shares, compared to its average volume of 2,630,220. The company has a market capitalization of $135.23 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 2.55 and a beta of 1.18. The stock has a fifty day moving average price of $360.36 and a two-hundred day moving average price of $319.71. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week 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 issued its quarterly 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 company had revenue of $7.03 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts predict that Eaton Corporation, PLC will post 12.02 EPS 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 $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton's payout ratio is 41.85%.

Analyst Ratings Changes

A number of brokerages have commented on ETN. Wall Street Zen lowered Eaton from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley raised their price target on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. BNP Paribas Exane assumed coverage on Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target on the stock. The Goldman Sachs Group raised their price target on Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Barclays raised 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. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Insider Activity at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction dated 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 sale, the insider owned 630 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company 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.