Eaton Corporation, PLC $ETN Shares Sold by 1248 Management LLC

1248 Management LLC lowered its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 39.3% in the first quarter, HoldingsChannel.com reports. The firm owned 2,695 shares of the industrial products company’s stock after selling 1,747 shares during the quarter. 1248 Management LLC’s holdings in Eaton were worth $733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Long Island Investors LLC grew its stake in shares of Eaton by 5,589.2% during the first quarter. First Long Island Investors LLC now owns 54,104 shares of the industrial products company’s stock worth $14,707,000 after purchasing an additional 53,153 shares in the last quarter. Modern Wealth Management LLC grew its stake in shares of Eaton by 4.4% during the first quarter. Modern Wealth Management LLC now owns 6,838 shares of the industrial products company’s stock worth $1,859,000 after purchasing an additional 288 shares in the last quarter. Anderson Financial Strategies LLC grew its stake in shares of Eaton by 5.0% during the first quarter. Anderson Financial Strategies LLC now owns 1,361 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 65 shares in the last quarter. Strs Ohio acquired a new position in shares of Eaton during the first quarter worth $24,001,000. Finally, Wealth Management Associates Inc. grew its stake in shares of Eaton by 15.9% during the first quarter. Wealth Management Associates Inc. now owns 1,784 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ETN shares. Raymond James Financial boosted their target price on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Rothschild Redb upgraded shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. BNP Paribas Exane initiated coverage on shares of Eaton in a research note on Thursday, May 15th. They issued an “outperform” rating and a $380.00 price objective for the company. Barclays upped their price objective on shares of Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Evercore ISI upped their price objective on shares of Eaton from $326.00 to $349.00 and gave the company an “in-line” rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $379.59.

Insider Transactions at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction dated Thursday, August 7th. The shares were 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 directly owned 630 shares of the company’s stock, valued at $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Eaton Price Performance

Shares of NYSE:ETN opened at $360.51 on Friday. The company has a 50-day simple moving average of $362.04 and a 200-day simple moving average of $323.66. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The stock has a market capitalization of $140.35 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 2.59 and a beta of 1.16.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS 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 business had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the prior year, the company earned $2.73 earnings per share. The business’s revenue 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 predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The firm 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. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton’s dividend payout ratio is presently 41.85%.

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.