George Kaiser Family Foundation Makes New Investment in Eaton Corporation, PLC $ETN

Key Points

• The George Kaiser Family Foundation has acquired a new stake in Eaton Corporation, PLC worth approximately $257,000, comprising 947 shares, as reported in its recent 13F filing.
• Three analysts have upgraded Eaton's price objectives, with Raymond James Financial raising it from $380.00 to $415.00, maintaining an "outperform" rating.
• Eaton recently reported a quarterly earnings per share of $2.95, exceeding analyst expectations and reflecting a 10.7% year-over-year revenue growth to $7.03 billion.

George Kaiser Family Foundation acquired a new stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 947 shares of the industrial products company's stock, valued at approximately $257,000.

A number of other large investors also recently modified their holdings of ETN. Brighton Jones LLC raised its holdings in shares of Eaton by 1.4% during the 4th 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 in the last quarter. Revolve Wealth Partners LLC increased its stake in Eaton by 17.5% in the 4th 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 period. Bank Pictet & Cie Europe AG purchased a new position in Eaton in the 4th quarter worth approximately $42,839,000. Capital International Sarl increased its stake in Eaton by 8.7% in the 4th quarter. Capital International Sarl now owns 20,861 shares of the industrial products company's stock worth $6,923,000 after purchasing an additional 1,663 shares during the period. Finally, Capital International Investors purchased a new position in Eaton in the 4th quarter worth approximately $523,541,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Down 1.4%

Shares of NYSE ETN traded down $4.9280 during mid-day trading on Tuesday, hitting $348.5720. 1,868,562 shares of the stock traded hands, compared to its average volume of 2,632,172. 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 Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56. The company has a market cap of $135.70 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.61 and a beta of 1.18. The stock has a fifty day moving average price of $359.15 and a 200-day moving average price of $319.09.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share 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 company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the company posted $2.73 earnings per share. The firm's 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 anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, August 7th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. Eaton's payout ratio is currently 41.85%.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the business's 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 sale, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company lifted 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. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. Raymond James Financial lifted 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. KeyCorp lifted their price target on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Barclays boosted their target price on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Eaton has a consensus rating of "Moderate Buy" and an average target price of $383.63.

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.