Eaton Corporation, PLC $ETN Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Eaton Corporation by 5.8%, now owning 2,544,411 shares valued at approximately $691.6 million.
• Eaton reported a quarterly EPS of $2.95, beating estimates, and a 10.7% increase in revenue compared to the same quarter last year.
• The company recently declared a quarterly dividend of $1.04, representing an annualized yield of 1.2% and a payout ratio of 41.85%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,544,411 shares of the industrial products company's stock after purchasing an additional 139,124 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.65% of Eaton worth $691,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Eaton during the 1st quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Eaton during the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV raised its position in shares of Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after purchasing an additional 51 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of Eaton during the 4th quarter worth approximately $33,000. Finally, Abound Wealth Management raised its position in shares of Eaton by 73.8% during the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock worth $40,000 after purchasing an additional 62 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eaton

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction 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 of the company's stock, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Redburn Atlantic assumed coverage on Eaton in a research report on Wednesday, August 20th. They set a "hold" rating and a $336.00 price target on the stock. Raymond James Financial increased their price objective on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Rothschild & Co Redburn began coverage on Eaton in a report on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 price objective for the company. BNP Paribas began coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Eaton has an average rating of "Moderate Buy" and an average target price of $379.59.

Eaton Price Performance

NYSE ETN traded up $6.23 on Friday, reaching $366.31. 3,108,319 shares of the stock traded hands, compared to its average volume of 1,837,146. The firm's fifty day simple moving average is $362.13 and its 200 day simple moving average is $324.20. 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 cap of $142.60 billion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.03. The firm had revenue of $7.03 billion during 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 firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $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, research analysts predict that Eaton Corporation, PLC will post 12.02 EPS 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. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's dividend payout ratio (DPR) is presently 41.85%.

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.