Eaton Corporation, PLC $ETN Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 3.8% during the 1st quarter, HoldingsChannel reports. The firm owned 291,807 shares of the industrial products company’s stock after buying an additional 10,565 shares during the quarter. Hsbc Holdings PLC’s holdings in Eaton were worth $78,730,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ETN. Nuveen LLC purchased a new position in shares of Eaton during the first quarter valued at $1,472,231,000. GAMMA Investing LLC boosted its position in 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 acquiring an additional 3,580,198 shares during the period. Fayez Sarofim & Co grew its stake in Eaton by 606.3% during the 1st 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 in the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of Eaton in the 4th quarter valued at about $231,552,000. Finally, Janus Henderson Group PLC lifted its position in shares of Eaton by 24.3% in the fourth quarter. Janus Henderson Group PLC now owns 3,007,570 shares of the industrial products company’s stock worth $998,144,000 after purchasing an additional 588,370 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

NYSE ETN opened at $346.3080 on Thursday. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The stock’s 50-day moving average is $359.57 and its two-hundred day moving average is $319.28. The firm has a market cap of $134.82 billion, a P/E ratio of 34.84, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76.

Eaton (NYSE:ETN) last issued 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. Eaton had a return on equity of 23.91% and a net margin of 15.11%.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 posted $2.73 EPS. The firm’s revenue for the quarter 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. On average, analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

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

Insider Activity

In related news, insider Olivier Leonetti sold 16,018 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the completion of the sale, the insider directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. boosted 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. Raymond James Financial upped their price target on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Barclays lifted their price objective on Eaton from $340.00 to $344.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded Eaton from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, The Goldman Sachs Group raised their price target on 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $379.10.

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.