Empire Financial Management Company LLC Sells 4,684 Shares of Eaton Co. plc (NYSE:ETN)

Empire Financial Management Company LLC decreased its stake in Eaton Co. plc (NYSE:ETN - Free Report) by 74.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,567 shares of the industrial products company's stock after selling 4,684 shares during the quarter. Empire Financial Management Company LLC's holdings in Eaton were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in Eaton in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new stake in Eaton during the 4th quarter worth about $30,000. Horizon Bancorp Inc. IN boosted its stake 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 buying an additional 74 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Eaton in the 3rd quarter valued at about $33,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Eaton in the fourth quarter valued at about $33,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Price Performance

Shares of NYSE:ETN traded up $1.25 on Tuesday, hitting $288.99. The company's stock had a trading volume of 657,567 shares, compared to its average volume of 3,670,479. Eaton Co. plc has a 1 year low of $231.85 and a 1 year high of $379.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The company has a market capitalization of $113.22 billion, a PE ratio of 30.42, a PEG ratio of 2.64 and a beta of 1.09. The company has a 50-day simple moving average of $281.12 and a 200 day simple moving average of $322.74.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating 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 earned $2.55 EPS. Sell-side analysts forecast that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, May 5th. Eaton's dividend payout ratio is presently 43.79%.

Wall Street Analysts Forecast Growth

ETN has been the subject of a number of analyst reports. Melius downgraded Eaton from a "buy" rating to a "hold" rating and set a $373.00 price target for the company. in a research note on Tuesday, January 28th. Jefferies Financial Group lowered their target price on shares of Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. StockNews.com downgraded shares of Eaton from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Royal Bank of Canada dropped their target price on shares of Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, KeyCorp dropped their price objective on Eaton from $340.00 to $325.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $350.22.

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.