Van Hulzen Asset Management LLC Trims Stake in Eaton Corporation, PLC $ETN

Key Points

• Van Hulzen Asset Management LLC sold 19,019 shares of Eaton Corporation, reducing its position by 26.8%, leaving it with 51,910 shares and making Eaton its 22nd largest holding.
• Eaton recently announced a quarterly dividend of $1.04 per share, delivering a yield of 1.2% with a payout ratio of 41.85%.
• Analysts have varying ratings on Eaton, with some setting price targets as high as $410.00 while maintaining an average rating of "Moderate Buy" and a consensus target price of $379.10.

Van Hulzen Asset Management LLC lowered its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 26.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,910 shares of the industrial products company's stock after selling 19,019 shares during the quarter. Eaton makes up 1.3% of Van Hulzen Asset Management LLC's holdings, making the stock its 22nd largest position. Van Hulzen Asset Management LLC's holdings in Eaton were worth $14,111,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Eaton by 0.7% during the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock valued at $3,593,000 after acquiring an additional 96 shares during the last quarter. Bearing Point Capital LLC acquired a new position in shares of Eaton during the fourth quarter valued at approximately $2,713,000. Brighton Jones LLC raised its holdings in shares of Eaton by 4.9% during the first quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after acquiring an additional 164 shares during the last quarter. Kennebec Savings Bank raised its holdings in shares of Eaton by 5.4% during the first quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock valued at $738,000 after acquiring an additional 139 shares during the last quarter. Finally, American National Bank & Trust raised its holdings in shares of Eaton by 5.4% during the first quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock valued at $855,000 after acquiring an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Activity at Eaton

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

Eaton Stock Performance

ETN stock traded up $6.76 during trading on Tuesday, hitting $352.52. The company had a trading volume of 1,994,759 shares, compared to its average volume of 3,001,299. The firm has a market cap of $137.24 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.18. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The firm has a 50-day moving average price of $360.52 and a 200-day moving average price of $320.00. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN - Get Free Report) last announced 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 return on equity of 23.91% and a net margin of 15.11%.The company 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 company earned $2.73 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. On average, analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company 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 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 41.85%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen cut Eaton from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Raymond James Financial increased their price objective on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 price target on shares of Eaton in a research report on Monday, July 14th. Royal Bank Of Canada upped their price target on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, KeyCorp increased their price target on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and a consensus price target of $379.10.

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.