Eaton Corporation, PLC $ETN Shares Sold by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. reduced its position in Eaton Corporation by 30.4%, now holding 15,005 shares worth approximately $4.08 million, following the sale of 6,566 shares in the 1st quarter.
• Eaton Corporation reported a quarterly EPS of $2.95, surpassing analysts' expectations of $2.92, along with a revenue of $7.03 billion, reflecting a 10.7% increase year-over-year.
• Eaton announced a quarterly dividend of $1.04 per share, which represents an annualized yield of 1.2% and will be paid to shareholders of record on August 7th.

Northwest & Ethical Investments L.P. trimmed its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 30.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,005 shares of the industrial products company's stock after selling 6,566 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Eaton were worth $4,079,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ETN. Brighton Jones LLC increased its position in shares of Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock worth $1,109,000 after acquiring an additional 45 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Eaton by 17.5% in 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. Bank Pictet & Cie Europe AG bought a new stake in Eaton in the fourth quarter valued at about $42,839,000. Capital International Inc. CA increased its holdings in Eaton by 51.9% in the fourth quarter. Capital International Inc. CA now owns 11,241 shares of the industrial products company's stock valued at $3,731,000 after buying an additional 3,842 shares during the last quarter. Finally, Norinchukin Bank The increased its holdings in Eaton by 1.5% in the fourth quarter. Norinchukin Bank The now owns 15,489 shares of the industrial products company's stock valued at $5,140,000 after buying an additional 233 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Performance

Shares of NYSE ETN traded down $0.8870 during midday trading on Thursday, hitting $345.3330. 1,454,629 shares of the company's stock were exchanged, compared to its average volume of 3,025,053. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The stock's 50 day moving average price is $359.57 and its 200-day moving average price is $319.28. The firm has a market cap of $134.44 billion, a P/E ratio of 34.74, a PEG ratio of 2.57 and a beta of 1.18. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm 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. Equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on ETN shares. Wall Street Zen lowered Eaton from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. boosted their price objective on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Raymond James Financial boosted their price objective on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Evercore ISI boosted their price objective on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Finally, Barclays boosted their price objective on Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $379.10.

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 stock was 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 in the company, valued at approximately $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

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.