Itau Unibanco Holding S.A. Raises Position in Eaton Corporation, PLC $ETN

Itau Unibanco Holding S.A. lifted its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 140.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,080 shares of the industrial products company’s stock after purchasing an additional 9,399 shares during the period. Itau Unibanco Holding S.A.’s holdings in Eaton were worth $4,371,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital A Wealth Management LLC purchased a new stake in shares of Eaton during the 4th quarter worth approximately $26,000. IMA Advisory Services Inc. bought a new position in Eaton in the 1st quarter worth approximately $25,000. Vermillion Wealth Management Inc. bought a new position in Eaton in the 4th quarter worth approximately $33,000. Creative Financial Designs Inc. ADV boosted its holdings in Eaton by 102.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after buying an additional 51 shares during the period. Finally, Abound Wealth Management boosted its holdings in Eaton by 73.8% in the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock worth $40,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction on 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 sale, the insider directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Eaton Stock Down 0.1%

Shares of NYSE:ETN opened at $351.61 on Thursday. The firm has a fifty day moving average price of $361.31 and a two-hundred day moving average price of $320.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The company 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.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the firm earned $2.73 EPS. The business’s quarterly 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. Analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. 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 payout ratio is currently 41.85%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Eaton from $336.00 to $356.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $396.00 price objective on shares of Eaton in a report on Monday, July 14th. KeyCorp raised their price objective on shares of Eaton from $355.00 to $410.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Redburn Atlantic assumed coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a “hold” rating and a $336.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Eaton from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Eaton presently has an average rating of “Moderate Buy” and a consensus price target of $379.10.

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.