Northwestern Mutual Wealth Management Co. Acquires 7,036 Shares of Eaton Corporation, PLC $ETN

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Eaton Corporation by 11.0%, bringing its total holdings to 70,951 shares valued at approximately $19.3 million.
• A number of institutional investors, including Haverford Trust Co. and Groupe la Francaise, also boosted their stakes in Eaton during the first quarter, contributing to a total institutional ownership of 82.97%.
• Recent upgrades from analysts include price targets raised by firms like Goldman Sachs and Morgan Stanley, with the stock receiving an overall "Moderate Buy" rating and an average target price of $379.10.

Northwestern Mutual Wealth Management Co. increased its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 11.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,951 shares of the industrial products company's stock after buying an additional 7,036 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Eaton were worth $19,287,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new position in Eaton during the 1st quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of Eaton in the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Eaton by 102.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in Eaton in the 4th quarter worth about $33,000. Finally, Abound Wealth Management grew its position in Eaton by 73.8% during the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Price Performance

NYSE ETN traded down $6.21 during trading on Friday, reaching $349.13. 2,386,036 shares of the company traded hands, compared to its average volume of 2,458,865. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. The stock's 50 day moving average price is $362.10 and its two-hundred day moving average price is $320.91. The company has a market cap of $135.92 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 2.62 and a beta of 1.18. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.03. The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.73 earnings per share. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. As a group, analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Olivier Leonetti sold 16,018 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the transaction, the insider owned 630 shares in the company, valued at $225,785.70. The trade was a 96.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ETN shares. Raymond James Financial upped their target price on Eaton from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. The Goldman Sachs Group raised their target price on Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Evercore ISI lifted their price target on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. KeyCorp raised their target price on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of "Moderate Buy" and a consensus target price 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.