Compagnie Lombard Odier SCmA Purchases 34,086 Shares of Eaton Co. plc (NYSE:ETN)

Compagnie Lombard Odier SCmA lifted its position in Eaton Co. plc (NYSE:ETN) by 19.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 209,269 shares of the industrial products company’s stock after buying an additional 34,086 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.05% of Eaton worth $56,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital A Wealth Management LLC acquired a new position in shares of Eaton during the fourth quarter worth $26,000. Flagship Wealth Advisors LLC acquired a new position in Eaton during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in Eaton in the fourth quarter valued at about $30,000. Murphy & Mullick Capital Management Corp acquired a new stake in Eaton in the fourth quarter worth about $33,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Eaton during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 0.4%

Eaton stock opened at $325.56 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The firm has a market cap of $127.39 billion, a PE ratio of 34.27, a P/E/G ratio of 2.64 and a beta of 1.16. The stock’s 50 day simple moving average is $301.79 and its two-hundred day simple moving average is $315.72. Eaton Co. plc has a 12 month low of $231.85 and a 12 month high of $379.99.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Friday, May 2nd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.02. Eaton had a net margin of 15.25% and a return on equity of 22.62%. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the prior year, the firm posted $2.40 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were given a $1.04 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.16 annualized dividend and a dividend yield of 1.28%. Eaton’s dividend payout ratio (DPR) is 41.98%.

Insider Transactions at Eaton

In related news, insider Craig Arnold sold 103,486 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $322.75, for a total value of $33,400,106.50. Following the completion of the transaction, the insider now directly owns 490,208 shares of the company’s stock, valued at approximately $158,214,632. This represents a 17.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Yelton sold 2,120 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $296.87, for a total transaction of $629,364.40. Following the completion of the transaction, the insider now owns 3,382 shares in the company, valued at $1,004,014.34. The trade was a 38.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,660 shares of company stock valued at $49,622,894 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ETN. Barclays increased their price objective on shares of Eaton from $306.00 to $323.00 and gave the company an “equal weight” rating in a research report on Monday. Wall Street Zen upgraded shares of Eaton from a “hold” rating to a “buy” rating in a research note on Sunday, May 18th. BNP Paribas assumed coverage on Eaton in a research report on Thursday, May 15th. They issued an “outperform” rating and a $380.00 target price on the stock. KeyCorp lifted their price target on Eaton from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $355.00 price objective on shares of Eaton in a report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $368.78.

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.