USS Investment Management Ltd Reduces Position in Eaton Corporation, PLC $ETN

Key Points

• USS Investment Management Ltd has reduced its holdings in Eaton Corporation, PLC by 23.0%, resulting in ownership of 57,663 shares valued at approximately $15.7 million.
• Eaton reported a $2.95 EPS for the last quarter, exceeding expectations, and forecasted guidance for Q3 2025 EPS between 3.010 and 3.070.
• Several analysts have upgraded their ratings for Eaton, with price targets now ranging from $380 to $415, indicating a consensus rating of "Moderate Buy".

USS Investment Management Ltd lessened its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 23.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,663 shares of the industrial products company's stock after selling 17,200 shares during the quarter. USS Investment Management Ltd's holdings in Eaton were worth $15,675,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its stake in Eaton by 0.7% in the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock valued at $3,593,000 after purchasing an additional 96 shares during the last quarter. Brighton Jones LLC increased its stake in Eaton by 4.9% in the first quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after purchasing an additional 164 shares during the last quarter. Kennebec Savings Bank grew its position in shares of Eaton by 5.4% in the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock valued at $738,000 after buying an additional 139 shares during the last quarter. American National Bank & Trust grew its position in shares of Eaton by 5.4% in the 1st quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock valued at $855,000 after buying an additional 162 shares during the last quarter. Finally, Castle Rock Wealth Management LLC grew its position in shares of Eaton by 7.0% in the 4th quarter. Castle Rock Wealth Management LLC now owns 8,330 shares of the industrial products company's stock valued at $2,575,000 after buying an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Trading Up 0.2%

Shares of ETN stock opened at $349.04 on Friday. The business's 50 day moving average is $362.31 and its two-hundred day moving average is $322.26. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The company has a market capitalization of $135.88 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.57 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.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the firm posted $2.73 EPS. Eaton's quarterly 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. Equities analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued 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 payout ratio is presently 41.85%.

Insiders Place Their Bets

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of Eaton 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 sale, the insider owned 630 shares of the company's stock, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ETN. BNP Paribas began coverage on Eaton in a report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price objective on the stock. Raymond James Financial raised their price target on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. KeyCorp raised their price target on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 target price on shares of Eaton in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Eaton from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $379.10.

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.

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