Nissay Asset Management Corp Japan ADV Sells 180,701 Shares of Eaton Corporation, PLC $ETN

Key Points

• Nissay Asset Management Corp Japan ADV reduced its holdings in Eaton Corporation by 75.8%, now owning 57,648 shares worth approximately $15.67 million after selling 180,701 shares in the first quarter.
• Several institutional investors increased their positions in Eaton, with Edmond DE Rothschild Holding S.A. leading with a 1,274.3% increase, now owning 34,468 shares valued at $9.37 million.
• Eaton reported earnings of $2.95 per share for the last quarter, exceeding estimates and marking a 10.7% revenue increase year-over-year.

Nissay Asset Management Corp Japan ADV cut its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 75.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,648 shares of the industrial products company's stock after selling 180,701 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Eaton were worth $15,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Commonwealth Financial Services LLC boosted its stake in shares of Eaton by 2.9% in the 1st quarter. Commonwealth Financial Services LLC now owns 1,175 shares of the industrial products company's stock valued at $319,000 after buying an additional 33 shares during the period. E Fund Management Co. Ltd. grew its stake in shares of Eaton by 3.1% in the first quarter. E Fund Management Co. Ltd. now owns 1,091 shares of the industrial products company's stock valued at $297,000 after buying an additional 33 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Eaton by 0.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock worth $1,378,000 after buying an additional 37 shares during the last quarter. Lantern Wealth Advisors LLC raised its stake in Eaton by 1.0% during the 4th quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock valued at $1,340,000 after acquiring an additional 38 shares in the last quarter. Finally, AGH Wealth Advisors LLC grew its holdings in shares of Eaton by 2.6% in the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after acquiring an additional 38 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ETN has been the topic of several research reports. The Goldman Sachs Group boosted their price target on Eaton from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Rothschild Redb upgraded shares of Eaton to a "hold" rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Redburn Atlantic started coverage on shares of Eaton in a report on Wednesday, August 20th. They issued a "hold" rating and a $336.00 price objective for the company. Finally, Raymond James Financial boosted their price objective on shares of Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $379.10.

Eaton Trading Down 0.4%

ETN stock traded down $1.55 during mid-day trading on Tuesday, hitting $347.94. 1,759,315 shares of the company were exchanged, compared to its average volume of 1,818,921. The business has a fifty day simple moving average of $362.14 and a 200-day simple moving average of $322.72. The firm has a market capitalization of $135.45 billion, a P/E ratio of 35.00, a PEG ratio of 2.50 and a beta of 1.16. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-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.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.03. The company had revenue of $7.03 billion during 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%.Eaton's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company 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. On average, equities research analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

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

Insider Transactions at Eaton

In related news, insider Olivier Leonetti sold 16,018 shares of the firm'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 completion of the transaction, the insider owned 630 shares in the company, valued at $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

About Eaton

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.