Nippon Life Global Investors Americas Inc. Acquires 980 Shares of Eaton Corporation, PLC $ETN

Key Points

• Nippon Life Global Investors Americas Inc. increased its stake in Eaton Corporation by 19.1%, owning 6,110 shares worth $1.66 million as of the latest SEC filing.
• Eaton's stock is currently priced at $348.15 and has shown an earnings per share (EPS) of $2.95, surpassing the consensus estimate.
• A recent quarterly dividend of $1.04 was declared, representing an annualized yield of 1.2%, with a payout ratio of 41.85%.

Nippon Life Global Investors Americas Inc. boosted its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 19.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,110 shares of the industrial products company's stock after purchasing an additional 980 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in Eaton were worth $1,661,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ETN. GAMMA Investing LLC lifted its holdings in shares of Eaton by 0.7% during the first quarter. GAMMA Investing LLC now owns 13,219 shares of the industrial products company's stock worth $3,593,000 after buying an additional 96 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Eaton by 4.9% during the first quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock worth $953,000 after buying an additional 164 shares during the last quarter. Kennebec Savings Bank lifted its holdings in shares of Eaton by 5.4% during the first quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock worth $738,000 after buying an additional 139 shares during the last quarter. American National Bank & Trust lifted its holdings in shares of Eaton by 5.4% during the first quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock worth $855,000 after buying an additional 162 shares during the last quarter. Finally, Castle Rock Wealth Management LLC lifted its holdings in shares of Eaton by 7.0% during the fourth quarter. Castle Rock Wealth Management LLC now owns 8,330 shares of the industrial products company's stock worth $2,575,000 after buying an additional 543 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Eaton Price Performance

Eaton stock traded up $14.92 during mid-day trading on Wednesday, hitting $363.15. 1,617,902 shares of the company were exchanged, compared to its average volume of 2,933,836. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $361.99 and a 200 day moving average of $322.90. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56. The company has a market capitalization of $141.37 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.03. Eaton had a return on equity of 23.91% and a net margin of 15.11%.The firm had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $2.73 earnings per share. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. As a group, sell-side analysts expect that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 7th. Eaton's dividend payout ratio is presently 41.85%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup upped their price target on Eaton from $420.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Barclays upped their price target on Eaton from $340.00 to $344.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. The Goldman Sachs Group upped their price target on Eaton from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company upped their target price on 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 assumed coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $379.10.

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of the stock in a transaction 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 sale, the insider owned 630 shares in the company, valued at approximately $225,785.70. This represents a 96.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.