Personal CFO Solutions LLC Has $589,000 Holdings in Eaton Co. plc (NYSE:ETN)

Personal CFO Solutions LLC grew its position in shares of Eaton Co. plc (NYSE:ETN) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,775 shares of the industrial products company’s stock after buying an additional 64 shares during the quarter. Personal CFO Solutions LLC’s holdings in Eaton were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Equitable Trust Co. raised its stake in Eaton by 42.3% in the 3rd quarter. Equitable Trust Co. now owns 1,497 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 445 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Eaton in the 3rd quarter valued at about $2,321,000. United Bank bought a new stake in Eaton during the third quarter valued at approximately $258,000. Verdence Capital Advisors LLC lifted its holdings in shares of Eaton by 2.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $697,000 after acquiring an additional 48 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Eaton by 5.8% in the 3rd quarter. Assetmark Inc. now owns 30,918 shares of the industrial products company’s stock worth $10,247,000 after purchasing an additional 1,693 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Stock Performance

Shares of Eaton stock opened at $285.29 on Monday. Eaton Co. plc has a 12 month low of $255.65 and a 12 month high of $379.99. The firm has a market capitalization of $111.83 billion, a P/E ratio of 30.03, a P/E/G ratio of 2.64 and a beta of 1.09. 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 business has a fifty day simple moving average of $321.13 and a two-hundred day simple moving average of $332.19.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.01. Eaton had a net margin of 15.25% and a return on equity of 22.62%. During the same quarter in the previous year, the company posted $2.55 earnings per share. On average, equities analysts forecast that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a dividend of $1.04 per share. This is a boost from Eaton’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.16 dividend on an annualized basis and a yield of 1.46%. Eaton’s payout ratio is presently 43.79%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ETN. Citigroup cut their price target on shares of Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company dropped their price target on shares of Eaton from $335.00 to $305.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. Melius Research restated a “hold” rating and issued a $373.00 price objective on shares of Eaton in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group increased their target price on shares of Eaton from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $362.58.

Insiders Place Their Bets

In other news, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $355.98, for a total value of $3,559,800.00. Following the completion of the transaction, the director now owns 43,203 shares of the company’s stock, valued at $15,379,403.94. The trade was a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

About Eaton

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.