852 Shares in Eaton Co. plc (NYSE:ETN) Purchased by Austin Private Wealth LLC

Austin Private Wealth LLC bought a new position in Eaton Co. plc (NYSE:ETN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 852 shares of the industrial products company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also made changes to their positions in ETN. Strong Tower Advisory Services raised its holdings in shares of Eaton by 1.3% during the 4th quarter. Strong Tower Advisory Services now owns 4,752 shares of the industrial products company’s stock worth $1,145,000 after acquiring an additional 62 shares during the period. Ritholtz Wealth Management grew its position in Eaton by 5.1% in the fourth quarter. Ritholtz Wealth Management now owns 5,724 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 277 shares during the period. Accel Wealth Management acquired a new stake in Eaton during the fourth quarter worth $208,000. Buckley Wealth Management LLC purchased a new stake in Eaton in the fourth quarter valued at $1,074,000. Finally, WASHINGTON TRUST Co grew its holdings in shares of Eaton by 4.3% during the 4th quarter. WASHINGTON TRUST Co now owns 1,519 shares of the industrial products company’s stock worth $366,000 after purchasing an additional 62 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Eaton

In related news, insider Ernest W. Marshall, Jr. sold 19,750 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $273.17, for a total transaction 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 $8,116,427.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Olivier Leonetti sold 4,461 shares of the 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 transaction, the insider now directly owns 630 shares of the company’s stock, valued at approximately $171,360. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 owns 29,712 shares in the company, valued at $8,116,427.04. 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. Insiders own 0.53% of the company’s stock.

Eaton Stock Down 0.5 %

NYSE:ETN traded down $1.72 during midday trading on Thursday, hitting $312.68. 1,977,505 shares of the company were exchanged, compared to its average volume of 1,779,236. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. Eaton Co. plc has a fifty-two week low of $155.38 and a fifty-two week high of $317.02. The company has a market capitalization of $124.92 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. The company has a fifty day simple moving average of $280.35 and a 200 day simple moving average of $243.15.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.08. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.91 billion. Eaton had a return on equity of 20.05% and a net margin of 13.88%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. As a group, equities analysts anticipate that Eaton Co. plc will post 10.25 earnings per share for the current fiscal year.

Eaton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 11th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.20%. This is a positive change from Eaton’s previous quarterly dividend of $0.86. Eaton’s dividend payout ratio (DPR) is currently 46.88%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ETN shares. Evercore ISI increased their target price on shares of Eaton from $262.00 to $308.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. UBS Group boosted their price objective on Eaton from $255.00 to $305.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Citigroup boosted their price target 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. Mizuho upped their target price on shares of Eaton from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada boosted their price target on shares of Eaton from $246.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Eaton has a consensus rating of “Moderate Buy” and an average target price of $274.20.

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.