1248 Management LLC Decreases Position in Eaton Corporation, PLC $ETN

1248 Management LLC cut its stake in Eaton Corporation, PLC (NYSE:ETN) by 39.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,695 shares of the industrial products company’s stock after selling 1,747 shares during the quarter. 1248 Management LLC’s holdings in Eaton were worth $733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Eaton by 0.7% in the 1st quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company’s stock valued at $3,593,000 after buying an additional 96 shares in the last quarter. Brighton Jones LLC raised its holdings in Eaton by 4.9% in the 1st quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company’s stock valued at $953,000 after acquiring an additional 164 shares during the last quarter. Kennebec Savings Bank raised its holdings in Eaton by 5.4% in the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company’s stock valued at $738,000 after acquiring an additional 139 shares during the last quarter. American National Bank & Trust raised its holdings in Eaton by 5.4% in the 1st quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company’s stock valued at $855,000 after acquiring an additional 162 shares during the last quarter. Finally, Castle Rock Wealth Management LLC increased its holdings in shares of Eaton by 7.0% during the 4th quarter. Castle Rock Wealth Management LLC now owns 8,330 shares of the industrial products company’s stock worth $2,575,000 after buying an additional 543 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Down 0.5%

Eaton stock opened at $360.51 on Friday. 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 fifty-two week low of $231.85 and a fifty-two week high of $399.56. The company has a market capitalization of $140.35 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.59 and a beta of 1.16. The firm has a 50 day moving average price of $362.04 and a 200 day moving average price of $323.66.

Eaton (NYSE:ETN) last issued 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 company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter last year, the company posted $2.73 EPS. The firm’s 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. Research analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton’s dividend payout ratio (DPR) is currently 41.85%.

Insider Buying and Selling

In other Eaton news, insider Olivier Leonetti sold 16,018 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 630 shares of the company’s stock, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Eaton from $300.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Daiwa America upgraded shares of Eaton to a “strong-buy” rating in a report on Thursday. Raymond James Financial raised their price target on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Eaton from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Citigroup lifted their target price on shares of Eaton from $420.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.59.

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.