Eaton Corporation, PLC $ETN Stake Increased by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Eaton Corporation by 171.6%, owning 145,241 shares worth approximately $39.48 million at the end of the quarter.
• Eaton recently reported earnings of $2.95 per share, exceeding estimates, with revenue reaching $7.03 billion, a 10.7% increase from the previous year.
• The company announced a quarterly dividend of $1.04, resulting in an annualized dividend yield of 1.2% and a payout ratio of 41.85%.

Federation des caisses Desjardins du Quebec increased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 171.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,241 shares of the industrial products company's stock after purchasing an additional 91,765 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Eaton were worth $39,482,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in Eaton during the 4th quarter worth $26,000. IMA Advisory Services Inc. acquired a new stake in Eaton during the 1st quarter worth $25,000. Vermillion Wealth Management Inc. acquired a new stake in Eaton during the 4th quarter worth $33,000. Creative Financial Designs Inc. ADV boosted its stake in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after purchasing an additional 51 shares during the period. Finally, Abound Wealth Management lifted its stake in shares of Eaton by 73.8% in the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ETN. Rothschild & Co Redburn began coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 target price for the company. Sanford C. Bernstein restated an "outperform" rating and issued a $396.00 target price on shares of Eaton in a research note on Monday, July 14th. KeyCorp raised their target price on shares of Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Morgan Stanley raised their target price on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Evercore ISI increased their price target on shares of Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Fourteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $379.10.

Insider Activity

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 directly owned 630 shares of the company's stock, valued at $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Eaton Price Performance

NYSE:ETN traded up $0.82 during mid-day trading on Friday, hitting $349.04. 2,120,724 shares of the company's stock traded hands, compared to its average volume of 1,880,771. 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 firm's 50 day simple moving average is $362.31 and its 200 day simple moving average is $322.18. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The company has a market cap of $135.88 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16.

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, topping analysts' consensus estimates of $2.92 by $0.03. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. 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 firm 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 expect that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were given a $1.04 dividend. 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%.

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.