Quantitative Investment Management LLC Makes New Investment in Eaton Corporation, PLC $ETN

Key Points

• Quantitative Investment Management LLC has made a notable investment of $9.12 million in Eaton Corporation, PLC, acquiring 33,547 shares, which represents 0.8% of their investment portfolio.
• Multiple institutional investors have significantly increased their stakes in Eaton, including Gamema Investing LLC, which grew its position by 27,281.9%.
• Analysts have generally positive outlooks on Eaton, with fourteen giving it a "Buy" rating and a consensus price target of approximately $379.10.

Quantitative Investment Management LLC acquired a new stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,547 shares of the industrial products company's stock, valued at approximately $9,119,000. Eaton comprises 0.8% of Quantitative Investment Management LLC's holdings, making the stock its 23rd largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in Eaton in the first quarter worth about $1,472,231,000. GAMMA Investing LLC increased its stake in shares of 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 worth $976,772,000 after purchasing an additional 3,580,198 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Eaton by 85.4% in the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company's stock worth $986,966,000 after purchasing an additional 1,672,175 shares during the period. Fayez Sarofim & Co lifted its stake in Eaton by 606.3% in the first 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 during the last quarter. Finally, Leigh Baldwin & CO. LLC bought a new position in Eaton during the fourth quarter valued at $231,552,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In other news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction 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 transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Eaton Price Performance

Shares of ETN stock traded up $4.13 on Thursday, reaching $355.53. The company's stock had a trading volume of 1,771,830 shares, compared to its average volume of 2,984,185. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $399.56. The stock's 50 day simple moving average is $361.31 and its 200-day simple moving average is $320.44. 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 company has a market capitalization of $138.41 billion, a P/E ratio of 35.77, a PEG ratio of 2.59 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. The business 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 prior year, the company earned $2.73 EPS. 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 predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal 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 given 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 payout ratio is presently 41.85%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ETN. BNP Paribas assumed coverage on Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target on the stock. Wells Fargo & Company increased their target price on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price target on shares of Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. The Goldman Sachs Group upped their price target on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Citigroup lifted their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Eaton has a consensus rating of "Moderate Buy" and a consensus target price of $379.10.

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.