Voleon Capital Management LP Has $4.27 Million Position in Eaton Corporation, PLC $ETN

Key Points

• Voleon Capital Management LP has increased its position in Eaton Corporation by 65.7%, holding 15,694 shares valued at $4.27 million as of its latest SEC filing.
• Several hedge funds have adjusted their holdings in Eaton, with 82.97% of the stock owned by institutional investors, indicating strong market confidence.
• Wall Street analysts project growth for Eaton, with multiple firms setting price targets ranging from $355 to $415 and a consensus rating of "Moderate Buy."

Voleon Capital Management LP increased its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 65.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,694 shares of the industrial products company's stock after buying an additional 6,224 shares during the quarter. Voleon Capital Management LP's holdings in Eaton were worth $4,266,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Commonwealth Financial Services LLC grew its holdings in shares of Eaton by 2.9% during the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock worth $319,000 after buying an additional 33 shares in the last quarter. E Fund Management Co. Ltd. grew its holdings in shares of Eaton by 3.1% during the first quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock worth $297,000 after buying an additional 33 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Eaton by 0.7% during the first quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock worth $1,378,000 after buying an additional 37 shares in the last quarter. Lantern Wealth Advisors LLC grew its holdings in shares of Eaton by 1.0% during the fourth quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock worth $1,340,000 after buying an additional 38 shares in the last quarter. Finally, AGH Wealth Advisors LLC grew its holdings in shares of Eaton by 2.6% during the first quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after buying an additional 38 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ETN. KeyCorp raised their price target on Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. BNP Paribas began coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. Raymond James Financial raised their price target on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Sanford C. Bernstein restated an "outperform" rating and issued a $396.00 price target on shares of Eaton in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their price target on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $379.10.

Eaton Stock Performance

NYSE:ETN opened at $349.04 on Monday. The stock has a market cap of $135.88 billion, a P/E ratio of 35.11, a PEG ratio of 2.57 and a beta of 1.17. The stock has a 50 day simple moving average of $362.31 and a 200 day simple moving average of $322.36. 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 Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.03. The business had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton's dividend payout ratio (DPR) is presently 41.85%.

Insiders Place Their Bets

In related 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 transaction of $5,740,691.02. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company's stock.

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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