Eaton Corporation, PLC $ETN Shares Bought by Orion Capital Management LLC

Key Points

• Orion Capital Management LLC raised its stake in Eaton Corporation, PLC by 106.3% during the first quarter, owning 4,544 shares valued at approximately $1,235,000.
• Institutional investors now hold 82.97% of Eaton's stock, with several hedge funds increasing their positions significantly in the same period.
• Eaton recently announced a quarterly dividend of $1.04 per share, translating to an annualized yield of 1.2%, with a payout ratio of 41.85%.

Orion Capital Management LLC boosted its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 106.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,544 shares of the industrial products company's stock after buying an additional 2,341 shares during the period. Orion Capital Management LLC's holdings in Eaton were worth $1,235,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ETN. Brighton Jones LLC increased its holdings in shares of 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 during the period. Revolve Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 136 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in shares of Eaton in the fourth quarter valued at approximately $42,839,000. Integrated Wealth Concepts LLC increased its holdings in shares of Eaton by 8.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 9,256 shares of the industrial products company's stock valued at $3,072,000 after purchasing an additional 717 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in shares of Eaton in the fourth quarter valued at approximately $355,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

ETN has been the topic of a number of analyst reports. Raymond James Financial lifted their price target on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their price target on Eaton from $336.00 to $356.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Rothschild Redb upgraded Eaton to a "hold" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price target on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Rothschild & Co Redburn initiated coverage on Eaton in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently 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 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 completion of the sale, the insider owned 630 shares in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company's stock.

Eaton Price Performance

Shares of NYSE:ETN traded up $4.13 on Thursday, hitting $355.53. The company had a trading volume of 1,772,223 shares, compared to its average volume of 2,515,210. 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 Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56. The business has a 50 day moving average of $361.31 and a 200 day moving average of $320.44. The company has a market cap of $138.41 billion, a PE ratio of 35.77, a PEG ratio of 2.59 and a beta of 1.18.

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, beating the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion for 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 prior year, the business 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 anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

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

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.