Edmond DE Rothschild Holding S.A. Boosts Position in Eaton Corporation, PLC $ETN

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Eaton Corporation by 1,274.3%, acquiring an additional 31,960 shares to hold a total of 34,468 shares valued at approximately $9.37 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Eaton, with a target price averaging $379.10, and 14 analysts have issued a Buy rating.
• The company recently declared a quarterly dividend of $1.04 per share, representing an annualized yield of 1.2% and a payout ratio of 41.85%.

Edmond DE Rothschild Holding S.A. raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 1,274.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,468 shares of the industrial products company's stock after purchasing an additional 31,960 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Eaton were worth $9,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of 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 buying an additional 45 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Eaton by 17.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock worth $303,000 after purchasing an additional 136 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new position in Eaton during the 4th quarter valued at about $42,839,000. EP Wealth Advisors LLC raised its position in Eaton by 2.5% during the 4th quarter. EP Wealth Advisors LLC now owns 30,829 shares of the industrial products company's stock valued at $10,231,000 after purchasing an additional 749 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Eaton by 1.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,033,459 shares of the industrial products company's stock valued at $342,974,000 after buying an additional 10,971 shares during the period. Institutional investors own 82.97% of the company's stock.

Eaton Stock Down 0.4%

Shares of ETN traded down $1.55 on Tuesday, hitting $347.94. 1,685,420 shares of the stock traded hands, compared to its average volume of 2,942,015. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The company has a market capitalization of $135.45 billion, a PE ratio of 35.00, a P/E/G ratio of 2.57 and a beta of 1.17. The business has a 50 day simple moving average of $362.14 and a 200 day simple moving average of $322.72. 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 issued its 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. The business had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company's revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business 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. As a group, equities analysts forecast 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 paid a dividend of $1.04 per share. The ex-dividend date was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton's dividend payout ratio is currently 41.85%.

Insider Activity

In other 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 completion of the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Rothschild & Co Redburn initiated coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 price target for the company. BNP Paribas initiated coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target on the stock. Redburn Atlantic began coverage on shares of Eaton in a report on Wednesday, August 20th. They set a "hold" rating and a $336.00 target price on the stock. Finally, Evercore ISI increased their price target on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $379.10.

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.