Plato Investment Management Ltd Sells 3,877 Shares of Eaton Corporation, PLC $ETN

Plato Investment Management Ltd trimmed its stake in Eaton Corporation, PLC (NYSE:ETN) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,752 shares of the industrial products company’s stock after selling 3,877 shares during the period. Plato Investment Management Ltd’s holdings in Eaton were worth $4,053,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ETN. Vanguard Group Inc. raised its holdings in Eaton by 0.8% in the first quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company’s stock worth $10,195,725,000 after purchasing an additional 289,819 shares in the last quarter. Nuveen LLC bought a new position in shares of Eaton during the 1st quarter worth approximately $1,472,231,000. Nuveen Asset Management LLC raised its stake in shares of Eaton by 4.3% during the 4th quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company’s stock worth $1,550,226,000 after acquiring an additional 192,482 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Eaton by 12.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company’s stock valued at $1,083,442,000 after acquiring an additional 427,509 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock valued at $1,063,727,000 after acquiring an additional 533,774 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ETN shares. Rothschild & Co Redburn initiated coverage on shares of Eaton in a research report on Wednesday, August 20th. They set a “neutral” rating and a $336.00 target price on the stock. Wells Fargo & Company lifted their target price on Eaton from $310.00 to $360.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Barclays upped their target price on Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. KeyCorp raised their price target on shares of Eaton from $355.00 to $410.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Finally, Rothschild Redb upgraded shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $379.10.

Eaton Trading Down 0.4%

Eaton stock opened at $347.94 on Wednesday. The firm has a market cap of $135.45 billion, a PE ratio of 35.00, a P/E/G ratio of 2.50 and a beta of 1.16. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The stock’s 50 day simple moving average is $361.99 and its two-hundred day simple moving average is $322.90. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47.

Eaton (NYSE:ETN) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share 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 analyst estimates of $6.93 billion. During the same period in the previous year, the firm earned $2.73 EPS. The business’s quarterly revenue 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. Analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were paid 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 of this dividend was Thursday, August 7th. Eaton’s dividend payout ratio is presently 41.85%.

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the sale, the insider directly owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

About Eaton

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.