Munich Reinsurance Co Stock Corp in Munich Grows Position in Eaton Corporation, PLC $ETN

Munich Reinsurance Co Stock Corp in Munich raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN) by 24,986.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,281 shares of the industrial products company’s stock after acquiring an additional 153,666 shares during the period. Eaton comprises approximately 1.4% of Munich Reinsurance Co Stock Corp in Munich’s investment portfolio, making the stock its 29th largest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in Eaton were worth $55,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fayez Sarofim & Co increased its stake in Eaton by 3.4% in the 3rd quarter. Fayez Sarofim & Co now owns 1,256,177 shares of the industrial products company’s stock valued at $474,444,000 after buying an additional 40,792 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its stake in shares of Eaton by 3.3% in the 3rd quarter. Williams Jones Wealth Management LLC. now owns 515,587 shares of the industrial products company’s stock worth $192,958,000 after buying an additional 16,422 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Eaton by 438.9% in the 4th quarter. SG Americas Securities LLC now owns 364,877 shares of the industrial products company’s stock worth $116,217,000 after buying an additional 297,166 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Eaton by 23.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 310,859 shares of the industrial products company’s stock valued at $99,012,000 after acquiring an additional 58,281 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Eaton during the fourth quarter valued at approximately $97,989,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

ETN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Eaton from $406.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. KeyCorp upped their price objective on Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $500.00 target price on shares of Eaton in a research report on Sunday, May 10th. Citigroup boosted their price target on shares of Eaton from $464.00 to $471.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Erste Group Bank started coverage on shares of Eaton in a research report on Tuesday, May 5th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and a consensus price target of $423.00.

Insider Buying and Selling at Eaton

In other news, Director Dorothy C. Thompson sold 167 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the sale, the director owned 1,096 shares of the company’s stock, valued at $421,960. The trade was a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter Denk sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total transaction of $835,880.00. Following the sale, the insider owned 7,102 shares in the company, valued at $2,968,209.88. The trade was a 21.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 21,028 shares of company stock valued at $8,614,793. Insiders own 0.10% of the company’s stock.

Eaton Price Performance

Eaton stock opened at $399.95 on Thursday. The business’s 50 day simple moving average is $405.08 and its 200 day simple moving average is $376.13. Eaton Corporation, PLC has a 12 month low of $311.92 and a 12 month high of $436.74. The company has a market cap of $155.30 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 2.54 and a beta of 1.18. The company has a current ratio of 1.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.94.

Eaton (NYSE:ETN) last released its earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.08. The business had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the business posted $2.72 earnings per share. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. Sell-side analysts forecast that Eaton Corporation, PLC will post 13.33 EPS for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 8th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, May 8th. Eaton’s payout ratio is currently 43.01%.

Eaton Profile

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.