Samalin Investment Counsel LLC Decreases Holdings in Eaton Co. plc (NYSE:ETN)

Samalin Investment Counsel LLC decreased its position in shares of Eaton Co. plc (NYSE:ETN) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,780 shares of the industrial products company’s stock after selling 37 shares during the quarter. Eaton accounts for about 1.0% of Samalin Investment Counsel LLC’s holdings, making the stock its 21st biggest position. Samalin Investment Counsel LLC’s holdings in Eaton were worth $2,250,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Banco de Sabadell S.A boosted its stake in shares of Eaton by 0.4% during the 4th quarter. Banco de Sabadell S.A now owns 13,843 shares of the industrial products company’s stock worth $4,602,000 after acquiring an additional 58 shares in the last quarter. Guardian Partners Inc. purchased a new stake in shares of Eaton during the 4th quarter worth approximately $885,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Eaton during the 4th quarter worth approximately $46,856,000. AXQ Capital LP purchased a new stake in shares of Eaton during the 4th quarter worth approximately $319,000. Finally, Marietta Investment Partners LLC boosted its stake in shares of Eaton by 10.0% during the 4th quarter. Marietta Investment Partners LLC now owns 27,491 shares of the industrial products company’s stock worth $9,123,000 after acquiring an additional 2,503 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 0.1 %

ETN stock opened at $295.88 on Friday. The company has a market cap of $115.92 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.64 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $311.30 and a 200-day simple moving average of $331.37. Eaton Co. plc has a 52 week low of $255.65 and a 52 week high of $379.99.

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

Eaton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.41%. This is a boost from Eaton’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Monday, March 10th. Eaton’s dividend payout ratio is 43.79%.

Wall Street Analyst Weigh In

ETN has been the topic of several research analyst reports. StockNews.com lowered Eaton from a “buy” rating to a “hold” rating in a research note on Friday. Melius downgraded Eaton from a “buy” rating to a “hold” rating and set a $373.00 price objective for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada cut their price objective on Eaton from $405.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company cut their price objective on Eaton from $335.00 to $305.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. Finally, KeyCorp upgraded Eaton from a “sector weight” rating to an “overweight” rating and set a $340.00 price objective for the company in a research report on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Eaton presently has an average rating of “Moderate Buy” and a consensus target price of $357.68.

Eaton Company 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.