Acadian Asset Management LLC Sells 13,448 Shares of Eaton Corporation, PLC $ETN

Acadian Asset Management LLC trimmed its position in Eaton Corporation, PLC (NYSE:ETN) by 30.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 30,294 shares of the industrial products company’s stock after selling 13,448 shares during the period. Acadian Asset Management LLC’s holdings in Eaton were worth $8,230,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ETN. IMA Advisory Services Inc. bought a new position in Eaton during the 1st quarter worth $25,000. Capital A Wealth Management LLC bought a new position in Eaton during the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV raised its position in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in Eaton during the 4th quarter worth $33,000. Finally, Abound Wealth Management raised its position in Eaton by 73.8% during the 1st quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 62 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Performance

ETN stock opened at $366.31 on Friday. The stock has a 50-day moving average price of $362.13 and a 200-day moving average price of $324.20. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $142.60 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the company posted $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. As a group, equities research analysts expect 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 $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 41.85%.

Analyst Ratings Changes

Several brokerages recently issued reports on ETN. Raymond James Financial raised their target price on Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. The Goldman Sachs Group raised their target price on Eaton from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Wall Street Zen lowered Eaton from a “buy” rating to a “hold” rating in a research report on Saturday. Sanford C. Bernstein reissued an “outperform” rating and issued a $396.00 price objective on shares of Eaton in a research report on Monday, July 14th. Finally, Wells Fargo & Company lifted their price objective on Eaton from $310.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Eaton currently has an average rating of “Moderate Buy” and an average target price of $379.59.

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 value of $5,740,691.02. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

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.