Wellington Management Group LLP Acquires 2,501 Shares of Eaton Corporation, PLC $ETN

Key Points

• Wellington Management Group LLP increased its stake in Eaton Corporation by 9.4%, acquiring an additional 2,501 shares, bringing their total holdings to 29,222 shares valued at approximately $7.94 million.
• Eaton reported $2.95 earnings per share for its recent quarter, surpassing analysts' expectations, with revenue of $7.03 billion and a year-over-year growth of 10.7%.
• The company announced a quarterly dividend of $1.04 per share, resulting in an annualized dividend yield of 1.2% and a payout ratio of 41.85%.

Wellington Management Group LLP boosted its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,222 shares of the industrial products company's stock after purchasing an additional 2,501 shares during the period. Wellington Management Group LLP's holdings in Eaton were worth $7,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ETN. Brighton Jones LLC lifted its stake in Eaton by 1.4% in the 4th quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 45 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Eaton by 17.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 136 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new position in Eaton in the 4th quarter valued at approximately $42,839,000. Nebula Research & Development LLC bought a new position in Eaton in the 4th quarter valued at approximately $355,000. Finally, Parvin Asset Management LLC acquired a new position in Eaton in the 4th quarter valued at approximately $176,000. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were 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 in the company, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ETN. KeyCorp upped their price target on shares of Eaton from $355.00 to $410.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Evercore ISI upped their price target on shares of Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Wells Fargo & Company upped their price target on shares of Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. BNP Paribas Exane began coverage on shares of Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Eaton currently has a consensus rating of "Moderate Buy" and a consensus target price of $379.10.

Eaton Stock Down 1.7%

NYSE:ETN traded down $6.21 during trading hours on Friday, reaching $349.13. The company had a trading volume of 2,386,036 shares, compared to its average volume of 2,457,321. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $135.92 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 2.57 and a beta of 1.17. The business's 50-day simple moving average is $362.10 and its two-hundred day simple moving average is $320.99. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 15.11% and a return on equity of 23.91%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company 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. On average, equities analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

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

Eaton Company 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.