APG Asset Management N.V. Buys 16,025 Shares of Eaton Corporation, PLC $ETN

Key Points

• APG Asset Management N.V. increased its stake in Eaton Corporation, PLC by 3.9%, acquiring 16,025 shares and owning a total of 428,813 shares valued at $107.9 million.
• The stock has received various upgrades from analysts, including price targets increased by firms like Citigroup to $425 and Goldman Sachs to $382, reflecting a generally positive outlook.
• Eaton announced a quarterly dividend of $1.04 per share, representing an annual yield of 1.2%, with a payout ratio of 41.85% as revealed in their recent earnings report.

APG Asset Management N.V. raised its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,813 shares of the industrial products company's stock after acquiring an additional 16,025 shares during the period. APG Asset Management N.V. owned about 0.11% of Eaton worth $107,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Financial Services LLC grew its holdings in shares of Eaton by 2.9% during the first quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock worth $319,000 after purchasing an additional 33 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in shares of Eaton by 3.1% during the first quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock worth $297,000 after purchasing an additional 33 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Eaton by 0.7% during the first quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock worth $1,378,000 after purchasing an additional 37 shares during the last quarter. Lantern Wealth Advisors LLC grew its holdings in shares of Eaton by 1.0% during the fourth quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock worth $1,340,000 after purchasing an additional 38 shares during the last quarter. Finally, AGH Wealth Advisors LLC grew its holdings in shares of Eaton by 2.6% during the first quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after purchasing an additional 38 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Trading Down 0.1%

ETN traded down $0.41 during trading on Wednesday, hitting $351.61. The company's stock had a trading volume of 1,433,751 shares, compared to its average volume of 2,991,432. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average price is $360.96 and its 200-day moving average price is $320.23. The firm has a market capitalization of $136.88 billion, a P/E ratio of 35.37, a PEG ratio of 2.55 and a beta of 1.18.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the firm earned $2.73 earnings per share. The company's 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. Analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th were paid a $1.04 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.2%. Eaton's payout ratio is 41.85%.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $358.39, for a total transaction of $5,740,691.02. Following the transaction, the insider directly owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ETN. Citigroup boosted their price target on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Evercore ISI upped their target price on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. BNP Paribas Exane assumed coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price on the stock. The Goldman Sachs Group upped their target price on Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Raymond James Financial upped their target price on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

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.