Meiji Yasuda Asset Management Co Ltd. Has $9.32 Million Stake in Eaton Corporation, PLC $ETN

Key Points

• Meiji Yasuda Asset Management Co Ltd. has reduced its holdings in Eaton Corporation, PLC by 4.2%, selling 1,486 shares and now owning 34,294 shares valued at approximately $9.32 million.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their stakes in Eaton, with Vanguard now owning over $10 billion in shares.
• Eaton's most recent earnings report showed a profit of $2.95 per share, exceeding analyst expectations, and the company has set Q3 2025 earnings guidance between 3.010-3.070 EPS.

Meiji Yasuda Asset Management Co Ltd. cut its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,294 shares of the industrial products company's stock after selling 1,486 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Eaton were worth $9,322,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ETN. Brighton Jones LLC boosted its position in shares of Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock worth $1,109,000 after buying an additional 45 shares during the period. Revolve Wealth Partners LLC boosted its position 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 buying an additional 136 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in shares of Eaton during the fourth quarter worth approximately $42,839,000. Ensign Peak Advisors Inc boosted its position in shares of Eaton by 11.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 61,627 shares of the industrial products company's stock worth $20,452,000 after buying an additional 6,553 shares during the period. Finally, Gotham Asset Management LLC boosted its position in shares of Eaton by 12.8% during the fourth quarter. Gotham Asset Management LLC now owns 46,904 shares of the industrial products company's stock worth $15,566,000 after buying an additional 5,308 shares during the period. 82.97% of the stock is owned by institutional investors.

Eaton Stock Up 1.7%

NYSE:ETN traded up $6.23 during trading hours on Friday, hitting $366.31. 3,108,128 shares of the stock traded hands, compared to its average volume of 2,942,579. The firm has a 50 day moving average price of $362.04 and a 200 day moving average price of $323.66. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The firm has a market cap of $142.60 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 2.59 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last announced its 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 net margin of 15.11% and a return on equity of 23.91%. The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the business earned $2.73 EPS. The company's revenue was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. Equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Eaton's dividend payout ratio is 41.85%.

Wall Street Analyst Weigh In

ETN has been the subject of several analyst reports. KeyCorp boosted their price objective on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Evercore ISI boosted their price objective on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Sanford C. Bernstein reiterated an "outperform" rating and set a $396.00 price objective on shares of Eaton in a research report on Monday, July 14th. Morgan Stanley upped their target price on Eaton from $375.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Barclays upped their target price on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Eaton has an average rating of "Moderate Buy" and a consensus target price of $379.59.

Insider Buying and Selling at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the company's stock in a transaction 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 transaction, the insider directly owned 630 shares of the company's stock, valued at approximately $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company's stock.

Eaton Company 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.