BLI Banque de Luxembourg Investments Buys New Position in Eaton Co. plc (NYSE:ETN)

BLI Banque de Luxembourg Investments acquired a new stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 53,330 shares of the industrial products company's stock, valued at approximately $17,726,000.

Several other large investors also recently added to or reduced their stakes in ETN. Wetzel Investment Advisors Inc. lifted its position in shares of Eaton by 0.9% in the fourth quarter. Wetzel Investment Advisors Inc. now owns 3,101 shares of the industrial products company's stock worth $1,029,000 after buying an additional 28 shares during the last quarter. Westmount Partners LLC raised its holdings in Eaton by 3.1% in the 4th quarter. Westmount Partners LLC now owns 985 shares of the industrial products company's stock worth $327,000 after acquiring an additional 30 shares during the period. Signal Advisors Wealth LLC boosted its holdings in Eaton by 3.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 896 shares of the industrial products company's stock valued at $297,000 after acquiring an additional 30 shares during the period. Lantz Financial LLC grew its position in shares of Eaton by 4.8% in the fourth quarter. Lantz Financial LLC now owns 659 shares of the industrial products company's stock valued at $219,000 after purchasing an additional 30 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of Eaton by 2.0% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,639 shares of the industrial products company's stock worth $544,000 after purchasing an additional 32 shares during the period. 82.97% of the stock is owned by institutional investors.

Eaton Trading Down 0.0 %

ETN traded down $0.02 during mid-day trading on Tuesday, reaching $298.56. The stock had a trading volume of 2,459,928 shares, compared to its average volume of 2,640,117. The stock has a market capitalization of $116.97 billion, a P/E ratio of 31.43, a P/E/G ratio of 2.64 and a beta of 1.14. Eaton Co. plc has a 52 week low of $231.85 and a 52 week high of $379.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. The firm's fifty day simple moving average is $281.41 and its two-hundred day simple moving average is $320.94.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.02. Eaton had a return on equity of 22.62% and a net margin of 15.25%. The firm had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the previous year, the business posted $2.40 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts predict that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Monday, May 5th. Eaton's dividend payout ratio (DPR) is 41.98%.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of research analyst reports. KeyCorp raised their target price on Eaton from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Monday. Wells Fargo & Company restated an "overweight" rating and set a $355.00 price objective on shares of Eaton in a report on Monday. Jefferies Financial Group cut their price target on Eaton from $390.00 to $335.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Morgan Stanley lowered their price objective on Eaton from $385.00 to $375.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Eaton from $289.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $361.13.

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.