Paloma Partners Management Co Purchases Shares of 10,000 Eaton Corporation, PLC $ETN

Paloma Partners Management Co purchased a new stake in Eaton Corporation, PLC (NYSE:ETN) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the industrial products company’s stock, valued at approximately $2,718,000.

A number of other large investors have also recently added to or reduced their stakes in ETN. Nuveen LLC acquired a new stake in Eaton in the first quarter valued at $1,472,231,000. GAMMA Investing LLC lifted its stake in Eaton by 27,281.9% in the first quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company’s stock valued at $976,772,000 after acquiring an additional 3,580,198 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Eaton by 85.4% in the first quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock valued at $986,966,000 after acquiring an additional 1,672,175 shares during the last quarter. Fayez Sarofim & Co lifted its stake in Eaton by 606.3% in the first quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock valued at $282,262,000 after acquiring an additional 880,656 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Eaton in the fourth quarter valued at $231,552,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Price Performance

ETN stock opened at $349.13 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $399.56. The firm has a market cap of $135.92 billion, a P/E ratio of 35.12, a P/E/G ratio of 2.57 and a beta of 1.17. The company’s 50-day moving average price is $362.10 and its two-hundred day moving average price is $321.08.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the company posted $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. On average, analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed 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 1.2%. Eaton’s payout ratio is currently 41.85%.

Analysts Set New Price Targets

ETN has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Eaton from $300.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Rothschild & Co Redburn initiated coverage on shares of Eaton in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $336.00 price objective on the stock. Redburn Atlantic initiated coverage on shares of Eaton in a research report on Wednesday, August 20th. They issued a “hold” rating and a $336.00 price objective on the stock. Barclays increased their price objective on shares of Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada increased their price objective on shares of Eaton from $336.00 to $356.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and an average target price of $379.10.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction 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 sale, the insider owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is 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.