Eaton Co. plc (NYSE:ETN) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its position in Eaton Co. plc (NYSE:ETN) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,741 shares of the industrial products company’s stock after purchasing an additional 93 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Eaton were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ETN. Tennessee Valley Asset Management Partners purchased a new position in shares of Eaton during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC acquired a new position in Eaton in the fourth quarter valued at $35,000. Chilton Capital Management LLC purchased a new stake in shares of Eaton in the fourth quarter valued at about $35,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Eaton during the third quarter worth about $39,000. Finally, Fortitude Family Office LLC purchased a new position in shares of Eaton during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on Eaton from $287.00 to $328.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Evercore ISI increased their price target on Eaton from $262.00 to $308.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. UBS Group boosted their price objective on shares of Eaton from $255.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Citigroup raised their target price on shares of Eaton from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Berenberg Bank boosted their price target on shares of Eaton from $200.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $295.60.

Insider Transactions at Eaton

In other news, insider Olivier Leonetti sold 4,461 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $272.00, for a total transaction of $1,213,392.00. Following the completion of the transaction, the insider now directly owns 630 shares of the company’s stock, valued at approximately $171,360. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Eaton news, insider Ernest W. Marshall, Jr. sold 19,750 shares of Eaton stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $273.17, for a total value of $5,395,107.50. Following the completion of the sale, the insider now directly owns 29,712 shares of the company’s stock, valued at approximately $8,116,427.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Olivier Leonetti sold 4,461 shares of Eaton stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $272.00, for a total transaction of $1,213,392.00. Following the completion of the sale, the insider now directly owns 630 shares of the company’s stock, valued at $171,360. The disclosure for this sale can be found here. Insiders sold a total of 38,969 shares of company stock valued at $10,904,774 in the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Eaton Price Performance

ETN stock opened at $312.90 on Wednesday. The firm has a 50 day moving average of $302.20 and a 200-day moving average of $256.66. Eaton Co. plc has a 12-month low of $161.12 and a 12-month high of $331.47. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. The company has a market cap of $125.00 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.51 and a beta of 1.07.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.08. Eaton had a net margin of 13.88% and a return on equity of 20.05%. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the firm earned $2.06 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities analysts expect that Eaton Co. plc will post 10.28 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.20%. Eaton’s dividend payout ratio (DPR) is 46.88%.

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.