Eaton Corporation, PLC $ETN Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 2,414.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 430,061 shares of the industrial products company’s stock after purchasing an additional 412,960 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Eaton were worth $116,903,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Eaton during the 1st quarter worth $25,000. Capital A Wealth Management LLC purchased a new stake in Eaton during the fourth quarter valued at about $26,000. Creative Financial Designs Inc. ADV increased its stake in Eaton by 102.0% during the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Eaton in the 4th quarter worth about $33,000. Finally, Abound Wealth Management lifted its stake in shares of Eaton by 73.8% in the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Price Performance

ETN opened at $351.61 on Thursday. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $136.88 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 2.59 and a beta of 1.18. The company has a fifty day simple moving average of $361.31 and a 200 day simple moving average of $320.44.

Eaton (NYSE:ETN) last posted its quarterly earnings data 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. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The company 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 posted $2.73 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Equities research analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were paid a dividend of $1.04 per share. 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 41.85%.

Analyst Upgrades and Downgrades

ETN has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Barclays increased their price objective on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada lifted their target price on shares of Eaton from $336.00 to $356.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Citigroup upped their price target 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. Finally, Wells Fargo & Company raised their price objective on Eaton from $310.00 to $360.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 1st. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and an average price target of $379.10.

Insider Activity

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 value of $5,740,691.02. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is currently 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.