Kestra Investment Management LLC Lowers Stock Holdings in Eaton Corporation, PLC $ETN

Key Points

• Kestra Investment Management LLC has significantly reduced its stake in Eaton Corporation by 78.6%, owning only 288 shares after selling 1,058 shares in the first quarter.
• Several hedge funds have increased their investments in Eaton, with Lighthouse Investment Partners LLC increasing its stake by 468.9% and Morse Asset Management Inc by 1,155.0% during the fourth quarter.
• Analysts have generally maintained a positive outlook on Eaton, with a consensus rating of "Moderate Buy" and an average target price of $379.10, reflecting confidence in the company's performance and growth potential.

Kestra Investment Management LLC trimmed its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 78.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288 shares of the industrial products company's stock after selling 1,058 shares during the period. Kestra Investment Management LLC's holdings in Eaton were worth $78,000 as of its most recent SEC filing.

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

Eaton Stock Up 1.7%

NYSE:ETN traded up $6.23 during midday trading on Friday, hitting $366.31. 3,108,319 shares of the company were exchanged, compared to its average volume of 1,837,146. The company has a fifty day simple moving average of $362.13 and a 200 day simple moving average of $324.20. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week 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 $142.60 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate 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 period last year, the business earned $2.73 EPS. Eaton's revenue for the quarter 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, equities 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 declared 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. This represents a $4.16 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 7th. Eaton's dividend payout ratio (DPR) is currently 41.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ETN shares. Morgan Stanley raised their price target on shares of Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Citigroup raised their price target on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Daiwa Capital Markets started coverage on shares of Eaton in a research report on Thursday. They issued an "outperform" rating and a $390.00 price target for the company. Rothschild Redb upgraded shares of Eaton to a "hold" rating in a report on Wednesday, August 20th. Finally, Redburn Atlantic began coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and a consensus target price of $379.59.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

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.