DE Burlo Group Inc. Sells 5,600 Shares of Eaton Co. plc (NYSE:ETN)

DE Burlo Group Inc. lessened its holdings in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,440 shares of the industrial products company's stock after selling 5,600 shares during the period. Eaton makes up 2.2% of DE Burlo Group Inc.'s portfolio, making the stock its 22nd biggest position. DE Burlo Group Inc.'s holdings in Eaton were worth $16,740,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ETN. Flagship Wealth Advisors LLC acquired a new stake in Eaton in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in Eaton in the 4th quarter valued at approximately $30,000. Horizon Bancorp Inc. IN increased its position in shares of Eaton by 321.7% during the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company's stock worth $32,000 after purchasing an additional 74 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of Eaton during the 3rd quarter worth approximately $33,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Eaton during the 4th quarter worth approximately $33,000. Institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on ETN shares. StockNews.com raised Eaton from a "hold" rating to a "buy" rating in a research report on Wednesday. Royal Bank of Canada lowered their price target on Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered their price target on Eaton from $350.00 to $289.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Melius Research reaffirmed a "hold" rating and set a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. Finally, Citigroup decreased their target price on Eaton from $396.00 to $323.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $350.22.

Eaton Price Performance

Eaton stock traded up $8.61 during trading hours on Thursday, reaching $302.98. 2,487,144 shares of the stock were exchanged, compared to its average volume of 3,656,993. The company has a market cap of $118.70 billion, a P/E ratio of 31.89, a price-to-earnings-growth 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. Eaton Co. plc has a twelve month low of $231.85 and a twelve month high of $379.99. The stock has a 50 day moving average of $280.71 and a two-hundred day moving average of $322.32.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, topping 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 prior year, the business earned $2.55 EPS. Equities analysts expect that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, May 5th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.37%. Eaton's dividend payout ratio (DPR) is currently 43.79%.

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.