Windward Capital Management Co. CA Sells 885 Shares of Eaton Corporation, PLC $ETN

Key Points

• Windward Capital Management Co. CA has reduced its holdings in Eaton Corporation, PLC by 4.7%, now owning 17,838 shares valued at approximately $4.85 million as of its latest SEC filing.
• A total of 82.97% of Eaton's stock is owned by hedge funds and institutional investors, indicating a strong backing from larger financial entities.
• Recent analyst reports have increased target prices for Eaton, with KeyCorp raising their price objective from $355 to $410, reflecting positive investor sentiment.

Windward Capital Management Co. CA trimmed its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,838 shares of the industrial products company's stock after selling 885 shares during the quarter. Windward Capital Management Co. CA's holdings in Eaton were worth $4,849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Commonwealth Financial Services LLC increased its position 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 valued at $319,000 after acquiring an additional 33 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Eaton by 3.1% in the first quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock valued at $297,000 after buying an additional 33 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Eaton by 0.7% in the first quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock valued at $1,378,000 after buying an additional 37 shares during the period. Lantern Wealth Advisors LLC raised its stake in shares of Eaton by 1.0% during the 4th quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock valued at $1,340,000 after purchasing an additional 38 shares during the period. Finally, AGH Wealth Advisors LLC raised its stake in shares of Eaton by 2.6% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock valued at $412,000 after purchasing an additional 38 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ETN. The Goldman Sachs Group boosted their price objective on Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Raymond James Financial boosted their target price on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Morgan Stanley boosted their target price on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. BNP Paribas assumed coverage on Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price for the company. Finally, Citigroup boosted their target price on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $383.63.

Eaton Trading Down 1.4%

Shares of NYSE ETN traded down $4.9280 during midday trading on Tuesday, reaching $348.5720. The company had a trading volume of 1,868,562 shares, compared to its average volume of 2,632,172. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. 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's fifty day moving average price is $359.15 and its 200-day moving average price is $319.09. The stock has a market cap of $135.70 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results 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. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.Eaton's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a yield of 1.2%. Eaton's dividend payout ratio is presently 41.85%.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the company'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 completion of the transaction, the insider owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is owned by insiders.

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.