Cigna Investments Inc. New Sells 97 Shares of Eaton Corporation, PLC $ETN

Cigna Investments Inc. New decreased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 2.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,957 shares of the industrial products company’s stock after selling 97 shares during the period. Cigna Investments Inc. New’s holdings in Eaton were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in shares of Eaton in the first quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Eaton in the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Eaton by 102.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company’s stock worth $27,000 after buying an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of Eaton in the fourth quarter worth $33,000. Finally, Abound Wealth Management lifted its stake in shares of Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company’s stock worth $40,000 after buying an additional 62 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the company’s 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 approximately $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Eaton Stock Down 1.7%

ETN opened at $349.13 on Monday. The firm’s 50-day simple moving average is $362.10 and its 200-day simple moving average is $321.08. 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 twelve month low of $231.85 and a twelve month high of $399.56. The firm has a market cap of $135.92 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.57 and a beta of 1.17.

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, topping 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 business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the firm earned $2.73 EPS. The firm’s quarterly 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. Equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal 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 dividend payout ratio is presently 41.85%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their target price on shares of Eaton from $310.00 to $360.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 1st. Rothschild & Co Redburn assumed coverage on shares of Eaton in a research note on Wednesday, August 20th. They set a “neutral” rating and a $336.00 target price for the company. KeyCorp upped their target price on shares of Eaton from $355.00 to $410.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Evercore ISI upped their target price on shares of Eaton from $326.00 to $349.00 and gave the company an “in-line” rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Eaton from $300.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eaton presently has an average rating of “Moderate Buy” and an average price target of $379.10.

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.