Epoch Investment Partners Inc. Sells 5,077 Shares of Eaton Corporation, PLC $ETN

Key Points

• Epoch Investment Partners Inc. reduced its holdings in Eaton Corporation by 4.0% in the 1st quarter, selling 5,077 shares to own 123,295 shares valued at $33.5 million.
• Eaton's recent earnings report beat estimates with $2.95 earnings per share and $7.03 billion in revenue, reflecting a 10.7% year-over-year increase.
• The company declared a quarterly dividend of $1.04, resulting in a 1.2% annualized yield, with a payout ratio of 41.85%.

Epoch Investment Partners Inc. decreased its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,295 shares of the industrial products company's stock after selling 5,077 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Eaton were worth $33,515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Eaton by 0.7% in the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock valued at $3,593,000 after purchasing an additional 96 shares during the last quarter. Bearing Point Capital LLC acquired a new position in shares of Eaton in the fourth quarter valued at approximately $2,713,000. Brighton Jones LLC grew its position in shares of Eaton by 4.9% in the first quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after purchasing an additional 164 shares during the last quarter. Kennebec Savings Bank grew its position in shares of Eaton by 5.4% in the first quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock valued at $738,000 after purchasing an additional 139 shares during the last quarter. Finally, American National Bank & Trust boosted its stake in shares of Eaton by 5.4% in the first quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock valued at $855,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ETN shares. The Goldman Sachs Group boosted their price target on 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 boosted their price target on Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. KeyCorp boosted their price target on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. Finally, BNP Paribas assumed coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $379.10.

Eaton Price Performance

Shares of ETN traded down $6.21 during trading hours on Friday, reaching $349.13. The stock had a trading volume of 2,386,036 shares, compared to its average volume of 2,458,865. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The stock has a market capitalization of $135.92 billion, a PE ratio of 35.12, a PEG ratio of 2.62 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. The company's 50-day moving average is $362.10 and its two-hundred day moving average is $320.91.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the business posted $2.73 earnings per share. Eaton'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 expect 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 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 of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. Eaton's dividend payout ratio (DPR) is currently 41.85%.

Insider Activity 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 transaction of $5,740,691.02. Following the transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

About Eaton

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.