Unisphere Establishment Acquires 9,700 Shares of Eaton Corporation, PLC $ETN

Key Points

• Unisphere Establishment increased its stake in Eaton Corporation by 48.5%, owning 29,700 shares valued at $8,073,000 after acquiring an additional 9,700 shares.
• Several institutional investors, including Capital A Wealth Management and IMA Advisory Services, have recently entered new positions in Eaton, indicating heightened interest in the stock.
• Eaton's recent earnings report showed a profit of $2.95 EPS, exceeding expectations, along with a revenue increase of 10.7% year-over-year, leading to a stock rating of "Moderate Buy" by analysts.

Unisphere Establishment raised its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 48.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,700 shares of the industrial products company's stock after buying an additional 9,700 shares during the period. Unisphere Establishment's holdings in Eaton were worth $8,073,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. BNP Paribas assumed coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective on the stock. Raymond James Financial boosted their price objective on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Wall Street Zen raised Eaton from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Citigroup boosted their price objective on Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Eaton presently has a consensus rating of "Moderate Buy" and a consensus target price of $379.10.

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction that occurred on 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 directly owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Eaton Stock Up 0.2%

Shares of Eaton stock traded up $0.82 on Friday, hitting $349.04. The company had a trading volume of 2,120,724 shares, compared to its average volume of 1,880,771. The stock has a market capitalization of $135.88 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.56 and a beta of 1.16. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The stock has a 50 day moving average of $362.31 and a 200-day moving average of $322.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.92 by $0.03. The firm 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 company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, sell-side analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

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

Eaton 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.