BLI Banque de Luxembourg Investments Decreases Stock Position in Eaton Corporation, PLC $ETN

BLI Banque de Luxembourg Investments decreased its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 28.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,440 shares of the industrial products company’s stock after selling 6,100 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Eaton were worth $5,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lyell Wealth Management LP increased its stake in shares of Eaton by 3.2% during the second quarter. Lyell Wealth Management LP now owns 975 shares of the industrial products company’s stock worth $348,000 after buying an additional 30 shares during the period. Commonwealth Financial Services LLC lifted its stake in Eaton by 2.9% in the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company’s stock worth $319,000 after acquiring an additional 33 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in Eaton by 3.1% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company’s stock worth $297,000 after acquiring an additional 33 shares in the last quarter. Beaumont Financial Advisors LLC increased its position in shares of Eaton by 2.6% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,307 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 33 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of Eaton by 36.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 136 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Transactions at Eaton

In related news, Director Gerald Johnson acquired 200 shares of Eaton stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of $339.89 per share, with a total value of $67,978.00. Following the purchase, the director directly owned 400 shares in the company, valued at approximately $135,956. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders bought 500 shares of company stock valued at $174,389. Insiders own 0.30% of the company’s stock.

Eaton Stock Performance

Shares of ETN opened at $346.72 on Monday. The company’s 50 day simple moving average is $367.03 and its 200-day simple moving average is $356.75. The firm has a market cap of $134.66 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.77 and a beta of 1.19. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month 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.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $3.07 EPS for the quarter, beating the consensus estimate of $3.06 by $0.01. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.09 billion. Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS. FY 2025 guidance at 11.970-12.170 EPS. As a group, equities analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Thursday, November 6th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. Eaton’s dividend payout ratio (DPR) is currently 41.60%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ETN. Mizuho boosted their target price on shares of Eaton from $385.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Redburn Atlantic started coverage on Eaton in a research report on Wednesday, August 20th. They set a “hold” rating and a $336.00 price objective for the company. Daiwa Capital Markets began coverage on Eaton in a research report on Thursday, September 11th. They set an “outperform” rating and a $390.00 target price on the stock. Raymond James Financial upped their price target on Eaton from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company increased their price target on shares of Eaton from $375.00 to $395.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $401.50.

Eaton 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.