Eaton Corporation, PLC $ETN Shares Bought by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Eaton Corporation (NYSE:ETN) by 86.4% in Q1, now holding 60,468 shares valued at approximately $16.4 million.
• The company's latest quarterly earnings reported a 15.11% net margin and a 23.91% return on equity, with revenue up 10.7% year-over-year.
• Eaton announced a quarterly dividend of $1.04, resulting in an annualized dividend yield of 1.2% and a payout ratio of 41.85%.

Kovitz Investment Group Partners LLC increased its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 86.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,468 shares of the industrial products company's stock after buying an additional 28,034 shares during the period. Kovitz Investment Group Partners LLC's holdings in Eaton were worth $16,437,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Vestmark Advisory Solutions Inc. raised its position in shares of Eaton by 88.1% in the first quarter. Vestmark Advisory Solutions Inc. now owns 34,846 shares of the industrial products company's stock valued at $9,472,000 after buying an additional 16,318 shares during the last quarter. Sit Investment Associates Inc. increased its position in Eaton by 11.3% during the first quarter. Sit Investment Associates Inc. now owns 43,326 shares of the industrial products company's stock worth $11,777,000 after purchasing an additional 4,387 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Eaton during the first quarter worth about $462,000. Holderness Investments Co. increased its position in Eaton by 0.8% during the first quarter. Holderness Investments Co. now owns 13,009 shares of the industrial products company's stock worth $3,536,000 after purchasing an additional 98 shares during the last quarter. Finally, E Fund Management Co. Ltd. increased its position in Eaton by 3.1% during the first quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock worth $297,000 after purchasing an additional 33 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Performance

Shares of Eaton stock traded down $5.5910 during trading on Tuesday, reaching $347.9090. The company's stock had a trading volume of 1,132,037 shares, compared to its average volume of 3,033,721. The company has a 50-day moving average price of $358.67 and a two-hundred day moving average price of $318.89. The firm has a market cap of $135.44 billion, a PE ratio of 35.05, a P/E/G ratio of 2.59 and a beta of 1.18. 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.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results 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. The business had revenue of $7.03 billion for the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.73 EPS. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 7th. Eaton's payout ratio is presently 41.85%.

Analyst Upgrades and Downgrades

ETN has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on shares of Eaton from $336.00 to $356.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. BNP Paribas began coverage on shares of Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target for the company. Barclays raised their price objective on shares of Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of Eaton from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, KeyCorp raised their price objective on shares of Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $383.63.

Insider Activity at Eaton

In other 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 value of $5,740,691.02. Following the transaction, the insider directly owned 630 shares of the company's stock, valued at $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by 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.