111 Capital Invests $2.35 Million in Eaton Co. plc (NYSE:ETN)

111 Capital acquired a new stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,083 shares of the industrial products company's stock, valued at approximately $2,351,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thoma Capital Management LLC purchased a new stake in Eaton in the 4th quarter worth about $816,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Eaton in the 4th quarter valued at about $49,489,000. Northstar Financial Companies Inc. purchased a new stake in shares of Eaton in the fourth quarter worth approximately $548,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Eaton during the fourth quarter worth approximately $206,000. Finally, Mattson Financial Services LLC purchased a new position in Eaton during the fourth quarter valued at approximately $1,731,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Stock Performance

Shares of Eaton stock traded down $4.46 on Friday, reaching $320.35. The stock had a trading volume of 3,787,956 shares, compared to its average volume of 2,670,431. 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 business's 50-day moving average price is $293.29 and its two-hundred day moving average price is $317.22. The stock has a market cap of $125.35 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 2.64 and a beta of 1.14. Eaton Co. plc has a fifty-two week low of $231.85 and a fifty-two week high of $379.99.

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

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, May 5th. Eaton's dividend payout ratio is currently 41.98%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays cut their target price on shares of Eaton from $315.00 to $306.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Wall Street Zen upgraded Eaton from a "hold" rating to a "buy" rating in a report on Sunday, May 18th. Evercore ISI boosted their target price on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Morgan Stanley dropped their target price on Eaton from $385.00 to $375.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price target on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $367.83.

Insider Transactions at Eaton

In related news, insider Craig Arnold sold 103,486 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $322.75, for a total transaction of $33,400,106.50. Following the sale, the insider now directly owns 490,208 shares in the company, valued at $158,214,632. This represents a 17.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Yelton sold 2,120 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $296.87, for a total value of $629,364.40. Following the sale, the insider now owns 3,382 shares in the company, valued at $1,004,014.34. The trade was a 38.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,660 shares of company stock worth $49,622,894 over the last three months. 0.30% of the stock is currently owned by insiders.

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.