Lansforsakringar Fondforvaltning AB publ Sells 4,822 Shares of Eaton Corporation, PLC $ETN

Key Points

• Lansforsakringar Fondforvaltning AB has decreased its stake in Eaton Corporation by 3.2%, now holding 144,300 shares worth approximately $39.23 million.
• Eaton Corporation reported a quarterly earnings per share (EPS) of $2.95, exceeding analyst estimates, with a revenue of $7.03 billion during the quarter.
• The company has announced a quarterly dividend of $1.04 per share, resulting in an annualized dividend yield of 1.2% and a payout ratio of 41.85%.

Lansforsakringar Fondforvaltning AB publ lowered its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,300 shares of the industrial products company's stock after selling 4,822 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Eaton were worth $39,225,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in shares of Eaton in the first quarter worth $25,000. Capital A Wealth Management LLC bought a new position in shares of Eaton in the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Eaton by 102.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after purchasing an additional 51 shares during the period. Vermillion Wealth Management Inc. bought a new position in shares of Eaton in the fourth quarter worth $33,000. Finally, Abound Wealth Management increased its holdings in shares of Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after purchasing an additional 62 shares during the period. Institutional investors own 82.97% of the company's stock.

Eaton Stock Down 0.1%

Shares of NYSE:ETN opened at $351.61 on Thursday. The firm has a fifty day moving average of $361.31 and a 200 day moving average of $320.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56. The firm has a market capitalization of $136.88 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the business posted $2.73 earnings per share. The company's 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. As a group, research analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

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

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ETN. Citigroup upped their price target on shares of Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen cut shares of Eaton from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. KeyCorp upped their target price on shares of Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley upped their target price on shares of Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $379.10.

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.

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