Gotham Asset Management LLC Grows Stake in Eaton Corporation, PLC $ETN

Key Points

• Gotham Asset Management LLC increased its stake in Eaton Corporation, PLC by 13.5%, owning a total of 53,218 shares worth approximately $14.47 million after acquiring additional shares in the 1st quarter.
• Several other institutional investors also adjusted their positions in Eaton, with Vanguard Group increasing its holdings by 0.8% and Nuveen LLC entering with a new stake valued at $1.47 billion.
• Eaton's recent quarterly earnings showed a profit of $2.95 per share, beating analyst expectations, alongside a revenue of $7.03 billion, reflecting a 10.7% year-over-year increase.

Gotham Asset Management LLC grew its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,218 shares of the industrial products company's stock after purchasing an additional 6,314 shares during the period. Gotham Asset Management LLC's holdings in Eaton were worth $14,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hancock Whitney Corp increased its stake in Eaton by 12.9% in the 1st quarter. Hancock Whitney Corp now owns 3,169 shares of the industrial products company's stock valued at $861,000 after buying an additional 363 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of Eaton by 1,274.3% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 34,468 shares of the industrial products company's stock valued at $9,369,000 after acquiring an additional 31,960 shares during the last quarter. EFG Asset Management North America Corp. increased its position in shares of Eaton by 9.0% during the 1st quarter. EFG Asset Management North America Corp. now owns 10,919 shares of the industrial products company's stock valued at $2,968,000 after purchasing an additional 900 shares during the last quarter. Cinctive Capital Management LP increased its position in shares of Eaton by 529.6% during the 1st quarter. Cinctive Capital Management LP now owns 3,891 shares of the industrial products company's stock valued at $1,058,000 after purchasing an additional 3,273 shares during the last quarter. Finally, Concentric Capital Strategies LP purchased a new stake in shares of Eaton during the 1st quarter valued at $2,450,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ETN. Daiwa America upgraded shares of Eaton to a "strong-buy" rating in a report on Thursday. Citigroup raised their price target on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Eaton from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. The Goldman Sachs Group raised their price target on shares of Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Raymond James Financial raised their target price on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and a consensus target price of $379.59.

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction dated 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 completion of the transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by insiders.

Eaton Stock Performance

Eaton stock traded up $5.25 during mid-day trading on Friday, reaching $365.33. The company's stock had a trading volume of 1,079,342 shares, compared to its average volume of 2,930,440. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The company has a market capitalization of $142.22 billion, a P/E ratio of 36.76, a PEG ratio of 2.59 and a beta of 1.16. 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 fifty day moving average price is $362.04 and its two-hundred day moving average price is $323.66.

Eaton (NYSE:ETN - Get Free Report) last announced 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. The company had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $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 predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's payout ratio is presently 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.