United Services Automobile Association Buys New Holdings in Eaton Corporation, PLC $ETN

Key Points

• United Services Automobile Association has acquired 9,301 shares of Eaton Corporation, PLC, valued at approximately $2.55 million, indicating strong institutional interest in the company.
• Eaton reported earnings per share (EPS) of $2.95 in its last quarterly earnings, outperforming analysts' expectations, and anticipates EPS guidance of 3.010-3.070 for Q3 2025.
• The company's quarterly dividend of $1.04 per share translates to an annualized yield of 1.2%, reflective of its solid financial position.

United Services Automobile Association bought a new position in Eaton Corporation, PLC (NYSE:ETN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,301 shares of the industrial products company's stock, valued at approximately $2,550,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC purchased a new stake in Eaton in the 1st quarter worth approximately $237,000. Signature Estate & Investment Advisors LLC grew its holdings in Eaton by 3.3% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 9,309 shares of the industrial products company's stock valued at $2,530,000 after buying an additional 295 shares in the last quarter. Voleon Capital Management LP grew its holdings in Eaton by 65.7% during the 1st quarter. Voleon Capital Management LP now owns 15,694 shares of the industrial products company's stock valued at $4,266,000 after buying an additional 6,224 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Eaton by 1.4% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 26,156 shares of the industrial products company's stock valued at $7,110,000 after buying an additional 370 shares in the last quarter. Finally, Guardian Partners Inc. grew its holdings in Eaton by 17.9% during the 1st quarter. Guardian Partners Inc. now owns 3,023 shares of the industrial products company's stock valued at $833,000 after buying an additional 460 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETN has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Redburn Atlantic initiated coverage on Eaton in a research report on Wednesday, August 20th. They set a "hold" rating and a $336.00 target price for the company. Daiwa Capital Markets initiated coverage on Eaton in a research report on Thursday. They set an "outperform" rating and a $390.00 target price for the company. Raymond James Financial increased their target price on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Rothschild & Co Redburn initiated coverage on Eaton in a research report on Wednesday, August 20th. They set a "neutral" rating and a $336.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $379.59.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction dated 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 sale, the insider 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

Eaton Stock Up 1.7%

Shares of ETN stock traded up $6.23 during trading hours on Friday, reaching $366.31. 3,108,128 shares of the company's stock were exchanged, compared to its average volume of 2,942,579. Eaton Corporation, PLC has a 1 year low of $231.85 and a 1 year high of $399.56. The stock has a market cap of $142.60 billion, a PE ratio of 36.85, a PEG ratio of 2.59 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average price is $362.04 and its two-hundred day moving average price is $323.66.

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 for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the firm earned $2.73 earnings per share. The company's revenue was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Research analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Eaton's payout ratio is presently 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.