Eaton Corporation, PLC $ETN Shares Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. significantly increased its holdings in Eaton Corporation by 444.1% during the first quarter, acquiring a total of 3,890 shares worth approximately $1,057,000.
• Eaton reported $2.95 earnings per share for the last quarter, exceeding the consensus estimate and reflecting a 10.7% year-over-year revenue increase to $7.03 billion.
• The company announced a quarterly dividend of $1.04 per share, with a scheduled payout on August 22nd, leading to an annualized dividend yield of 1.2%.

Fox Run Management L.L.C. increased its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 444.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,890 shares of the industrial products company's stock after buying an additional 3,175 shares during the period. Fox Run Management L.L.C.'s holdings in Eaton were worth $1,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted 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 in the last quarter. Revolve Wealth Partners LLC boosted 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 in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Eaton during the fourth quarter valued at about $42,839,000. Townsquare Capital LLC boosted its position in Eaton by 18.0% during the fourth quarter. Townsquare Capital LLC now owns 5,997 shares of the industrial products company's stock valued at $1,990,000 after purchasing an additional 916 shares in the last quarter. Finally, Bridgewater Associates LP bought a new stake in Eaton during the fourth quarter valued at about $13,652,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Trading Down 1.5%

Shares of Eaton stock traded down $5.3760 during trading hours on Tuesday, hitting $348.1240. The company's stock had a trading volume of 1,132,037 shares, compared to its average volume of 3,033,721. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The firm has a fifty day moving average of $358.67 and a 200-day moving average of $318.89. The stock has a market cap of $135.52 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 2.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS 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 business 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 posted $2.73 EPS. The company's quarterly revenue 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. Research 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 will be paid on Friday, August 22nd. Investors of record on Thursday, August 7th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton's dividend payout ratio is presently 41.85%.

Wall Street Analyst Weigh In

ETN has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Royal Bank Of Canada boosted their price target on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Raymond James Financial boosted their price target on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Wells Fargo & Company boosted their price target on 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 boosted their price target on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $383.63.

Insider Transactions at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider owned 630 shares of the company's stock, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

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.