MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 1,842 Shares of Eaton Corporation, PLC $ETN

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Eaton Corporation, PLC by 71.3%, owning a total of 4,426 shares valued at approximately $1.58 million after buying 1,842 additional shares.
• Eaton announced a quarterly dividend of $1.04 per share, which translates to an annualized dividend yield of 1.1%, with a payout ratio of 41.85%.
• The firm recently reported a $7.03 billion revenue for the quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 10.7%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 71.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,426 shares of the industrial products company's stock after purchasing an additional 1,842 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Eaton were worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ETN. Brighton Jones LLC lifted its holdings in Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 45 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company's stock worth $303,000 after acquiring an additional 136 shares in the last quarter. Voloridge Investment Management LLC boosted its position in Eaton by 65.2% during the fourth quarter. Voloridge Investment Management LLC now owns 6,153 shares of the industrial products company's stock valued at $2,042,000 after buying an additional 2,429 shares during the period. Park Square Financial Group LLC bought a new stake in Eaton in the fourth quarter valued at approximately $55,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in Eaton during the 4th quarter valued at $206,000. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling at Eaton

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

Eaton Price Performance

Shares of NYSE:ETN opened at $365.17 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm's 50 day moving average is $363.79 and its two-hundred day moving average is $329.57. The firm has a market capitalization of $142.16 billion, a P/E ratio of 36.74, a PEG ratio of 2.66 and a beta of 1.16. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $399.56.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.03. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.73 EPS. 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 earnings per share 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 given a $1.04 dividend. The ex-dividend date was Thursday, August 7th. This represents a $4.16 annualized dividend and a yield of 1.1%. Eaton's payout ratio is 41.85%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ETN. Sanford C. Bernstein reissued an "outperform" rating and set a $396.00 price target on shares of Eaton in a research report on Monday, July 14th. Raymond James Financial boosted their price target on Eaton from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Morgan Stanley lifted their target price on Eaton from $375.00 to $425.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Barclays lifted their target price on shares of Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Citigroup lifted their price objective on shares of Eaton from $420.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $390.68.

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.

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