Mediolanum International Funds Ltd Acquires 15,048 Shares of Eaton Corporation, PLC $ETN

Mediolanum International Funds Ltd grew its stake in Eaton Corporation, PLC (NYSE:ETN) by 14.2% in the third quarter, HoldingsChannel.com reports. The fund owned 121,162 shares of the industrial products company’s stock after acquiring an additional 15,048 shares during the period. Mediolanum International Funds Ltd’s holdings in Eaton were worth $44,485,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Tandem Investment Advisors Inc. boosted its position in shares of Eaton by 7.0% during the third quarter. Tandem Investment Advisors Inc. now owns 942 shares of the industrial products company’s stock worth $352,000 after buying an additional 62 shares during the period. MTM Investment Management LLC lifted its position in shares of Eaton by 0.6% in the third quarter. MTM Investment Management LLC now owns 4,802 shares of the industrial products company’s stock valued at $1,797,000 after buying an additional 29 shares during the last quarter. Cloud Capital Management LLC bought a new position in Eaton during the third quarter worth $72,000. Callahan Advisors LLC boosted its holdings in shares of Eaton by 9.9% during the 3rd quarter. Callahan Advisors LLC now owns 26,017 shares of the industrial products company’s stock worth $9,737,000 after buying an additional 2,349 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in Eaton by 6.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 162,634 shares of the industrial products company’s stock worth $60,866,000 after purchasing an additional 9,233 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Down 0.8%

Shares of Eaton stock opened at $351.70 on Friday. The company has a 50-day simple moving average of $332.80 and a two-hundred day simple moving average of $354.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.28. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $399.56. The stock has a market capitalization of $136.60 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.01. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Eaton had a return on equity of 24.36% and a net margin of 14.74%.Eaton has set its Q4 2025 guidance at 3.230-3.430 EPS and its FY 2025 guidance at 11.970-12.170 EPS. On average, analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Gerald Johnson purchased 200 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $339.89 per share, for a total transaction of $67,978.00. Following the acquisition, the director owned 400 shares of the company’s stock, valued at approximately $135,956. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

ETN has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Eaton from $440.00 to $406.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a report on Tuesday. KeyCorp raised their price target on shares of Eaton from $410.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. HSBC upgraded Eaton from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Friday, January 16th. Finally, Mizuho upped their price target on Eaton from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $384.30.

About Eaton

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.