Gamco Investors INC. ET AL Sells 2,210 Shares of Eaton Corporation, PLC $ETN

Key Points

• Gamco Investors INC. ET AL reduced its holdings in Eaton Corporation, PLC by 10.9% in the first quarter, selling 2,210 shares, leaving them with 17,982 shares valued at approximately $4.89 million.
• Multiple hedge funds have modified their positions in Eaton, with 82.97% of the stock now owned by institutional investors, reflecting a notable trend in institutional interest.
• Eaton's latest earnings report revealed an EPS of $2.95 for the quarter, exceeding analysts' expectations, coupled with a recent quarterly dividend of $1.04 per share.

Gamco Investors INC. ET AL decreased its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,982 shares of the industrial products company's stock after selling 2,210 shares during the period. Gamco Investors INC. ET AL's holdings in Eaton were worth $4,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Eaton by 0.7% in the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock worth $3,593,000 after buying an additional 96 shares in the last quarter. Bearing Point Capital LLC bought a new stake in shares of Eaton in the fourth quarter worth approximately $2,713,000. Brighton Jones LLC raised its holdings in shares of Eaton by 4.9% during 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 lifted its position in Eaton by 5.4% during 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 period. Finally, American National Bank & Trust boosted its holdings in Eaton by 5.4% in the first quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock worth $855,000 after purchasing an additional 162 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Eaton from $336.00 to $356.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen cut Eaton from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Redburn Atlantic initiated coverage on Eaton in a research report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 target price on the stock. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. Finally, Raymond James Financial increased their price objective on shares of Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $379.10.

Eaton Stock Down 0.1%

ETN stock opened at $351.61 on Thursday. The business's 50-day moving average price is $361.31 and its 200-day moving average price is $320.44. The stock has a market cap of $136.88 billion, a P/E ratio of 35.37, a PEG ratio of 2.59 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last released its 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. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter last year, the business earned $2.73 EPS. The firm's revenue was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, equities 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 was paid on Friday, August 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 1.2%. Eaton's payout ratio is 41.85%.

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction on 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 completion of the sale, the insider owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

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.

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