North Star Investment Management Corp. Sells 3,800 Shares of Eaton Corporation, PLC $ETN

Key Points

• North Star Investment Management Corp. reduced its stake in Eaton Corporation, PLC by 32.2%, selling 3,800 shares and bringing its total holdings to 7,989 shares valued at approximately $2.85 million.
• Insider Olivier Leonetti sold 16,018 shares of Eaton's stock for over $5.74 million, significantly reducing ownership by 96.22%.
• Eaton reported a better-than-expected earnings per share of $2.95 for the last quarter, exceeding analyst estimates, with a quarterly revenue of $7.03 billion—a 10.7% increase year-over-year.

North Star Investment Management Corp. reduced its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 32.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,989 shares of the industrial products company's stock after selling 3,800 shares during the period. North Star Investment Management Corp.'s holdings in Eaton were worth $2,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETN. Brighton Jones LLC increased its stake in Eaton by 1.4% in the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 45 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after buying an additional 136 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Eaton by 65.2% during the fourth quarter. Voloridge Investment Management LLC now owns 6,153 shares of the industrial products company's stock valued at $2,042,000 after buying an additional 2,429 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Eaton during the fourth quarter valued at about $55,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Eaton during the fourth quarter valued at about $186,000. 82.97% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 630 shares of the company's stock, valued at $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The transaction 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.

Eaton Stock Up 1.0%

ETN opened at $372.20 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $144.90 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.63 and a beta of 1.16. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The company's 50-day moving average price is $364.09 and its two-hundred day moving average price is $328.97.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.03. The firm 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 earned $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. As a group, equities analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ETN. Daiwa America upgraded shares of Eaton to a "strong-buy" rating in a report on Thursday, September 11th. Raymond James Financial lifted their price objective on shares of Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Sanford C. Bernstein reiterated an "outperform" rating and set a $396.00 price objective on shares of Eaton in a report on Monday, July 14th. Rothschild & Co Redburn initiated coverage on shares of Eaton in a report on Wednesday, August 20th. They set a "neutral" rating and a $336.00 price objective for the company. Finally, Melius Research upgraded shares of Eaton from a "hold" rating to a "buy" rating and boosted their price target for the stock from $412.00 to $495.00 in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Eaton has a consensus rating of "Moderate Buy" and an average price target of $390.68.

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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