Acadian Asset Management LLC Has $8.23 Million Stock Holdings in Eaton Corporation, PLC $ETN

Acadian Asset Management LLC cut its position in Eaton Corporation, PLC (NYSE:ETN) by 30.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,294 shares of the industrial products company’s stock after selling 13,448 shares during the period. Acadian Asset Management LLC’s holdings in Eaton were worth $8,230,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ETN. Geneos Wealth Management Inc. boosted its stake in Eaton by 10.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,913 shares of the industrial products company’s stock valued at $792,000 after purchasing an additional 281 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Eaton by 2.5% during the 1st quarter. Belpointe Asset Management LLC now owns 2,906 shares of the industrial products company’s stock valued at $791,000 after purchasing an additional 71 shares during the last quarter. Focus Partners Wealth boosted its stake in Eaton by 41.1% during the 1st quarter. Focus Partners Wealth now owns 81,444 shares of the industrial products company’s stock valued at $22,140,000 after purchasing an additional 23,736 shares during the last quarter. Integrity Alliance LLC. acquired a new position in Eaton during the 1st quarter valued at about $638,000. Finally, Ransom Advisory Ltd acquired a new position in Eaton during the 1st quarter valued at about $3,388,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Price Performance

Eaton stock opened at $366.31 on Friday. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56. The company’s 50 day moving average price is $362.13 and its two-hundred day moving average price is $324.20. 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 stock has a market cap of $142.60 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.57 and a beta of 1.16.

Eaton (NYSE:ETN) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.92 by $0.03. The firm had revenue of $7.03 billion for 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 company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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 analysts predict 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. Investors 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 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton’s payout ratio is 41.85%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ETN. Rothschild & Co Redburn began coverage on Eaton in a research note on Wednesday, August 20th. They set a “neutral” rating and a $336.00 price target for the company. Raymond James Financial lifted 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 reissued an “outperform” rating and set a $396.00 target price on shares of Eaton in a research report on Monday, July 14th. Daiwa Capital Markets initiated coverage on shares of Eaton in a research report on Thursday. They set an “outperform” rating and a $390.00 target price on the stock. Finally, Citigroup lifted their target price on shares of Eaton from $420.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $379.59.

Insider Activity at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction that occurred 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 sale, the insider owned 630 shares of the company’s stock, valued at approximately $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.