Zimmer Partners LP Raises Position in Eaton Corporation, PLC $ETN

Zimmer Partners LP lifted its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 128.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 172,400 shares of the industrial products company’s stock after purchasing an additional 97,000 shares during the period. Zimmer Partners LP’s holdings in Eaton were worth $46,863,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ETN. Nuveen LLC purchased a new stake in shares of Eaton during the 1st quarter worth $1,472,231,000. GAMMA Investing LLC lifted its position 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 purchasing an additional 3,580,198 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Eaton by 85.4% during the 1st quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock worth $986,966,000 after purchasing an additional 1,672,175 shares during the last quarter. Fayez Sarofim & Co lifted its position in shares of Eaton by 606.3% during the 1st quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock worth $282,262,000 after purchasing an additional 880,656 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC purchased a new stake in shares of Eaton during the 4th quarter worth $231,552,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ETN shares. Morgan Stanley lifted their price objective 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. Rothschild & Co Redburn began coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a “neutral” rating and a $336.00 price target on the stock. BNP Paribas Exane began coverage on shares of Eaton in a research note on Thursday, May 15th. They set an “outperform” rating and a $380.00 price target on the stock. Barclays lifted their price target on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Eaton from $345.00 to $382.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.10.

Eaton Trading Up 0.1%

NYSE ETN opened at $349.31 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The firm has a market cap of $135.98 billion, a PE ratio of 35.14, a P/E/G ratio of 2.57 and a beta of 1.17. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $399.56. The firm’s fifty day moving average is $362.14 and its two-hundred day moving average is $322.72.

Eaton (NYSE:ETN) last posted its quarterly earnings data 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. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. Eaton’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.73 earnings per share. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

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

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction dated 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 $225,785.70. The trade was a 96.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by 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.