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

BLI Banque de Luxembourg Investments lessened its holdings in Eaton Corporation, PLC (NYSE:ETN) by 13.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,715 shares of the industrial products company’s stock after selling 3,925 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Eaton were worth $7,930,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC bought a new stake in Eaton in the 4th quarter worth $155,000. 1776 Wealth LLC grew its holdings in Eaton by 1.5% in the 4th quarter. 1776 Wealth LLC now owns 6,584 shares of the industrial products company’s stock worth $2,097,000 after acquiring an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Eaton in the 4th quarter worth $26,000. Syon Capital LLC grew its holdings in Eaton by 7.2% in the 4th quarter. Syon Capital LLC now owns 7,876 shares of the industrial products company’s stock worth $2,509,000 after acquiring an additional 531 shares during the last quarter. Finally, DB&C Advisors LLC bought a new stake in Eaton in the 4th quarter worth $1,408,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 1.9%

NYSE:ETN opened at $403.38 on Tuesday. Eaton Corporation, PLC has a one year low of $311.92 and a one year high of $435.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75. The company’s 50-day simple moving average is $397.23 and its 200 day simple moving average is $365.20. The firm has a market capitalization of $156.63 billion, a P/E ratio of 39.43, a PEG ratio of 2.55 and a beta of 1.20.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.73 by $0.08. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. Eaton’s quarterly revenue was up 16.8% on a year-over-year basis. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, analysts forecast that Eaton Corporation, PLC will post 13.32 EPS for the current fiscal year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.40 annualized dividend and a yield of 1.1%. Eaton’s payout ratio is presently 43.01%.

Insider Transactions at Eaton

In other news, insider Heath B. Monesmith sold 18,367 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total value of $7,514,123.37. Following the transaction, the insider owned 49,822 shares in the company, valued at approximately $20,382,678.42. This represents a 26.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Johnson bought 746 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $402.29 per share, for a total transaction of $300,108.34. Following the purchase, the director owned 1,414 shares of the company’s stock, valued at approximately $568,838.06. This represents a 111.68% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 21,028 shares of company stock valued at $8,614,793. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Evercore set a $453.00 price target on shares of Eaton in a report on Monday, May 11th. Citigroup raised their price target on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. KeyCorp raised their price target on shares of Eaton from $420.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group started coverage on shares of Eaton in a report on Monday, March 16th. They issued a “buy” rating and a $430.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $420.95.

Eaton Company Profile

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.