Eaton Corporation, PLC $ETN Shares Acquired by Groupama Asset Managment

Key Points

• Groupama Asset Managment increased its holdings in Eaton Corporation by 64.4%, owning 11,822 shares valued at approximately $3.24 million after acquiring an additional 4,631 shares in the first quarter.
• Several other institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also raised their stakes in Eaton, which is currently owned 83% by institutional investors.
• Eaton reported a quarterly earnings per share (EPS) of $2.95, exceeding analysts' expectations, with a revenue increase of 10.7% year-over-year, and set Q3 2025 guidance at 3.010-3.070 EPS.

Groupama Asset Managment boosted its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 64.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,822 shares of the industrial products company's stock after acquiring an additional 4,631 shares during the period. Groupama Asset Managment's holdings in Eaton were worth $3,241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake 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 acquiring an additional 96 shares during the period. Bearing Point Capital LLC purchased a new stake in Eaton in the 4th quarter worth approximately $2,713,000. Brighton Jones LLC grew its stake in shares of Eaton by 4.9% during the 1st quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after buying an additional 164 shares during the period. Kennebec Savings Bank grew its stake in shares of Eaton by 5.4% during the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock valued at $738,000 after buying an additional 139 shares during the period. Finally, American National Bank & Trust grew its stake in shares of Eaton by 5.4% during the 1st quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock valued at $855,000 after buying an additional 162 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the transaction, the insider owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Eaton Stock Up 0.6%

ETN stock traded up $1.9770 during trading on Friday, reaching $347.3570. The stock had a trading volume of 1,964,878 shares, compared to its average volume of 2,630,220. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $135.23 billion, a P/E ratio of 34.95, a PEG ratio of 2.55 and a beta of 1.18. The firm has a fifty day moving average price of $360.36 and a 200 day moving average price of $319.71.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the business posted $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 analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were issued a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a yield of 1.2%. Eaton's payout ratio is currently 41.85%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ETN shares. Wells Fargo & Company boosted their price objective on shares of Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group boosted their price objective on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Raymond James Financial boosted their price objective on shares of Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Sanford C. Bernstein reissued an "outperform" rating and set a $396.00 price objective on shares of Eaton in a research note on Monday, July 14th. Finally, BNP Paribas assumed coverage on shares of Eaton in a report on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $379.10.

Eaton 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.