Mission Creek Capital Partners Inc. Cuts Holdings in Eaton Corporation, PLC $ETN

Mission Creek Capital Partners Inc. lessened its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,078 shares of the industrial products company’s stock after selling 195 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Eaton were worth $1,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nuveen LLC acquired a new position in shares of Eaton during the 1st quarter worth $1,472,231,000. GAMMA Investing LLC raised its stake in shares of Eaton by 27,281.9% during the 1st quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company’s stock worth $976,772,000 after buying an additional 3,580,198 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Eaton by 85.4% in the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock worth $986,966,000 after buying an additional 1,672,175 shares in the last quarter. Fayez Sarofim & Co grew its stake in Eaton by 606.3% in the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock valued at $282,262,000 after acquiring an additional 880,656 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new position in Eaton during the 4th quarter valued at about $231,552,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

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 value of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares in the company, valued at $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Eaton Trading Down 0.1%

NYSE ETN opened at $351.61 on Thursday. The firm has a market capitalization 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 debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The company’s 50 day moving average price is $361.31 and its 200 day moving average price is $320.44.

Eaton (NYSE:ETN) last issued 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 for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm posted $2.73 EPS. The business’s revenue for the quarter 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, sell-side analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 7th. Eaton’s dividend payout ratio (DPR) is presently 41.85%.

Analyst Ratings Changes

ETN has been the topic of several research reports. Rothschild & Co Redburn started coverage on shares of Eaton in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price target on the stock. JPMorgan Chase & Co. increased their target price on Eaton from $300.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Barclays boosted their price target on Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. BNP Paribas Exane initiated coverage on Eaton in a research note on Thursday, May 15th. They set an “outperform” rating and a $380.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of Eaton from $375.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.10.

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.