GKV Capital Management Co. Inc. Trims Holdings in Eaton Corporation, PLC $ETN

Key Points

• GKV Capital Management Co. Inc. reduced its holdings in Eaton Corporation by 40.1%, owning 4,165 shares after selling 2,790, with holdings valued at $1,132,000.
• Other institutional investors, including Vanguard Group, Nuveen LLC, and Goldman Sachs, have either increased or initiated their stakes in Eaton during the first quarter.
• Eaton's recent quarterly earnings report showed $2.95 earnings per share, exceeding expectations with a revenue of $7.03 billion, reflecting a 10.7% increase year-over-year.

GKV Capital Management Co. Inc. trimmed its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 40.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,165 shares of the industrial products company's stock after selling 2,790 shares during the period. GKV Capital Management Co. Inc.'s holdings in Eaton were worth $1,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Eaton by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company's stock valued at $10,195,725,000 after purchasing an additional 289,819 shares in the last quarter. Nuveen LLC purchased a new position in shares of Eaton during the 1st quarter worth about $1,472,231,000. Nuveen Asset Management LLC lifted its holdings in shares of Eaton by 4.3% during the 4th quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company's stock worth $1,550,226,000 after acquiring an additional 192,482 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Eaton by 12.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company's stock worth $1,083,442,000 after acquiring an additional 427,509 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Eaton by 15.8% during the 1st quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company's stock worth $1,063,727,000 after acquiring an additional 533,774 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Up 1.2%

Shares of NYSE:ETN opened at $355.53 on Friday. 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 52-week low of $231.85 and a 52-week high of $399.56. The company has a 50 day moving average of $361.74 and a two-hundred day moving average of $320.69. The company has a market capitalization of $138.41 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18.

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, 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 business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the company earned $2.73 earnings per share. The business's quarterly 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. As a group, analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.2%. Eaton's dividend payout ratio (DPR) is 41.85%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ETN. Morgan Stanley increased their price objective on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Rothschild & Co Redburn initiated coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 price target on the stock. BNP Paribas Exane assumed coverage on shares of Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price objective for the company. Royal Bank Of Canada increased their price objective on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Rothschild Redb raised shares of Eaton to a "hold" rating in a research report on Wednesday, August 20th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Insider Transactions at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was 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 in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

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.

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