Guggenheim Capital LLC Decreases Stake in Eaton Corporation, PLC $ETN

Key Points

• Guggenheim Capital LLC has decreased its stake in Eaton Corporation, PLC by 39.6% in the first quarter, now holding 50,120 shares valued at approximately $13.6 million.
• Several institutional investors increased their positions in Eaton, with GAMMA Investing LLC boosting its holdings by 27,281.9%, acquiring nearly 3.6 million shares.
• Eaton reported an EPS of $2.95 for the last quarter, exceeding estimates and showing a revenue increase of 10.7% year-over-year.

Guggenheim Capital LLC trimmed its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 39.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,120 shares of the industrial products company's stock after selling 32,850 shares during the quarter. Guggenheim Capital LLC's holdings in Eaton were worth $13,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Eaton in the first quarter valued at about $1,472,231,000. GAMMA Investing LLC boosted its holdings in shares of Eaton by 27,281.9% in the first quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company's stock valued at $976,772,000 after acquiring an additional 3,580,198 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Eaton by 85.4% during the first quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company's stock worth $986,966,000 after purchasing an additional 1,672,175 shares during the period. Fayez Sarofim & Co raised its position in Eaton by 606.3% in the first quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company's stock worth $282,262,000 after acquiring an additional 880,656 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Eaton in the fourth quarter valued at $231,552,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Royal Bank Of Canada raised their price target on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. BNP Paribas Exane assumed coverage on Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price objective for the company. Rothschild & Co Redburn started coverage on Eaton in a report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 price objective for the company. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $396.00 target price on shares of Eaton in a research note on Monday, July 14th. Finally, Wall Street Zen lowered shares of Eaton from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Eaton currently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Eaton Stock Down 0.1%

Eaton stock opened at $351.61 on Thursday. The company has a fifty day simple moving average of $361.31 and a 200 day simple moving average of $320.44. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The company has a market cap of $136.88 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm posted $2.73 EPS. The company's quarterly 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 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. Eaton's payout ratio is presently 41.85%.

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 shares were 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 $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.