NCM Capital Management LLC Buys 1,411 Shares of Eaton Corporation, PLC $ETN

Key Points

• NCM Capital Management LLC increased its stake in Eaton Corporation, PLC by 39.8%, acquiring an additional 1,411 shares during the first quarter, bringing its total holdings to 4,960 shares valued at $1,348,000.
• Eaton's latest earnings report showed a net margin of 15.11% with earnings per share of $2.95, exceeding analysts' expectations and demonstrating a 10.7% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $1.04 per share, with an annualized dividend yield of 1.2%, reflecting a payout ratio of 41.85%.

NCM Capital Management LLC boosted its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 39.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,960 shares of the industrial products company's stock after buying an additional 1,411 shares during the quarter. NCM Capital Management LLC's holdings in Eaton were worth $1,348,000 as of its most recent SEC filing.

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

Eaton Stock Up 0.6%

NYSE:ETN opened at $347.3570 on Monday. The company has a market cap of $135.23 billion, a PE ratio of 34.95, a P/E/G ratio of 2.56 and a beta of 1.18. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56. 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 company's 50 day moving average is $360.36 and its two-hundred day moving average is $319.77.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, topping the consensus estimate 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 net margin of 15.11% and a return on equity of 23.91%. Eaton's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 EPS for the current year.

Eaton Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio is 41.85%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ETN shares. Barclays boosted their price target on shares of Eaton from $340.00 to $344.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Eaton from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. KeyCorp boosted their price objective on shares of Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, BNP Paribas started coverage on shares of Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price objective for the company. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $379.10.

Insider Activity 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 sale, the insider directly owned 630 shares of the company's stock, valued at $225,785.70. This represents a 96.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

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