Ilmarinen Mutual Pension Insurance Co Has $23.27 Million Position in Eaton Corporation, PLC $ETN

Ilmarinen Mutual Pension Insurance Co lowered its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,600 shares of the industrial products company’s stock after selling 9,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Eaton were worth $23,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ETN. Vanguard Group Inc. grew its holdings in Eaton by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 37,507,725 shares of the industrial products company’s stock valued at $10,195,725,000 after buying an additional 289,819 shares during the last quarter. Nuveen LLC bought a new stake in Eaton in the first quarter valued at about $1,472,231,000. Nuveen Asset Management LLC increased its stake in Eaton by 4.3% in the fourth quarter. Nuveen Asset Management LLC now owns 4,671,185 shares of the industrial products company’s stock valued at $1,550,226,000 after acquiring an additional 192,482 shares during the period. Goldman Sachs Group Inc. increased its stake in Eaton by 12.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,985,735 shares of the industrial products company’s stock valued at $1,083,442,000 after acquiring an additional 427,509 shares during the period. Finally, Invesco Ltd. boosted its position in Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock valued at $1,063,727,000 after buying an additional 533,774 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction, the insider directly owned 630 shares of the company’s stock, valued at approximately $225,785.70. This trade represents a 96.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

ETN has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on shares of Eaton from $326.00 to $349.00 and gave the stock an “in-line” rating in a research note on Monday, May 19th. Barclays lifted their price target on shares of Eaton from $340.00 to $344.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Eaton from $300.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Morgan Stanley raised their price target on shares of Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Finally, Rothschild Redb raised shares of Eaton to a “hold” rating in a research note on Wednesday, August 20th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Eaton currently has an average rating of “Moderate Buy” and a consensus target price of $379.10.

Eaton Stock Performance

NYSE:ETN opened at $347.94 on Wednesday. The stock has a market cap of $135.45 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16. 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 stock’s 50-day moving average is $361.99 and its 200-day moving average is $322.90. Eaton Corporation, PLC has a 1-year low of $231.85 and a 1-year high of $399.56.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $2.95 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 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 business’s quarterly revenue 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. Equities research analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 7th. Eaton’s dividend payout ratio is currently 41.85%.

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.