3,560 Shares in Eaton Corporation, PLC $ETN Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired a new stake in Eaton Corporation, PLC, purchasing 3,560 shares valued at approximately $968,000 during the first quarter.
• Eaton reported $2.95 earnings per share for the recent quarter, exceeding analyst expectations and marking a 10.7% revenue increase compared to the previous year.
$1.04 per share, representing an annualized payout of $4.16 with a yield of 1.2% and a payout ratio of 41.85%.

MBB Public Markets I LLC bought a new position in Eaton Corporation, PLC (NYSE:ETN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,560 shares of the industrial products company's stock, valued at approximately $968,000.

A number of other hedge funds have also modified their holdings of ETN. Nuveen LLC acquired a new position in shares of Eaton in the 1st quarter worth approximately $1,472,231,000. GAMMA Investing LLC increased its holdings in Eaton by 27,281.9% during the 1st quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company's stock valued at $976,772,000 after purchasing an additional 3,580,198 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Eaton by 85.4% during the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company's stock valued at $986,966,000 after purchasing an additional 1,672,175 shares in the last quarter. Fayez Sarofim & Co increased its holdings in Eaton by 606.3% during the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company's stock valued at $282,262,000 after purchasing an additional 880,656 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Eaton during the 4th quarter valued at $231,552,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $358.39, for a total value of $5,740,691.02. Following the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ETN shares. Redburn Atlantic started coverage on Eaton in a report on Wednesday, August 20th. They set a "hold" rating and a $336.00 price target for the company. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $396.00 price target on shares of Eaton in a report on Monday, July 14th. Barclays raised their price target on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Daiwa Capital Markets initiated coverage on Eaton in a report on Thursday. They set an "outperform" rating and a $390.00 price target for the company. Finally, Citigroup lifted their target price on Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Eaton has an average rating of "Moderate Buy" and an average price target of $379.59.

Eaton Stock Up 1.7%

Shares of Eaton stock traded up $6.23 during trading on Friday, reaching $366.31. The stock had a trading volume of 3,108,220 shares, compared to its average volume of 2,942,598. The company has a market capitalization of $142.60 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.59 and a beta of 1.16. The stock has a fifty day moving average price of $362.04 and a two-hundred day moving average price of $323.66. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 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 issued its quarterly 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 company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 earnings per share. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Sell-side analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 7th. Eaton's payout ratio is 41.85%.

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.