Meiji Yasuda Life Insurance Co Purchases 6,343 Shares of Eaton Corporation, PLC $ETN

Key Points

• Meiji Yasuda Life Insurance Co increased its stake in Eaton Corporation by 13.2%, acquiring an additional 6,343 shares during the first quarter, bringing its total holdings to 54,529 shares worth approximately $14.8 million.
• Eaton's most recent earnings report showed a quarterly EPS of $2.95, exceeding analyst expectations, with a revenue of $7.03 billion, marking a 10.7% increase compared to the previous year.
• The company declared a quarterly dividend of $1.04 per share, translating to an annualized dividend of $4.16 and a dividend yield of 1.2%.

Meiji Yasuda Life Insurance Co raised its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,529 shares of the industrial products company's stock after acquiring an additional 6,343 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Eaton were worth $14,823,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ETN. IMA Advisory Services Inc. bought a new stake in Eaton during the first quarter valued at about $25,000. Capital A Wealth Management LLC bought a new stake in Eaton during the fourth quarter valued at about $26,000. Creative Financial Designs Inc. ADV lifted its stake 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 valued at $27,000 after buying an additional 51 shares during the period. Vermillion Wealth Management Inc. bought a new stake in shares of Eaton in the fourth quarter valued at about $33,000. Finally, Abound Wealth Management lifted its stake in shares of Eaton by 73.8% in the first quarter. Abound Wealth Management now owns 146 shares of the industrial products company's stock valued at $40,000 after buying an additional 62 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Performance

Shares of Eaton stock opened at $349.04 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 0.76. The firm has a market cap of $135.88 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.57 and a beta of 1.17. The firm has a 50 day simple moving average of $362.31 and a 200 day simple moving average of $322.36. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56.

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 for the quarter, beating analysts' consensus estimates of $2.92 by $0.03. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. Eaton had a net margin of 15.11% and a return on equity of 23.91%. Eaton's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $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. Sell-side analysts predict that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Thursday, August 7th were issued 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 1.2%. Eaton's dividend payout ratio (DPR) is currently 41.85%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reiterated an "outperform" rating and issued a $396.00 target price on shares of Eaton in a research note on Monday, July 14th. Rothschild & Co Redburn assumed coverage on shares of Eaton in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $336.00 target price for the company. Evercore ISI increased their target price on shares of Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Wells Fargo & Company increased their target price on shares of Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Finally, BNP Paribas initiated coverage on shares of Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Eaton currently has an average rating of "Moderate Buy" and an average price target of $379.10.

Insider Buying and Selling 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 shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the completion of the sale, the insider owned 630 shares of the company's stock, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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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