1,706 Shares in Eaton Co. plc (NYSE:ETN) Acquired by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC acquired a new position in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,706 shares of the industrial products company's stock, valued at approximately $566,000.

Several other institutional investors have also recently modified their holdings of ETN. Flagship Wealth Advisors LLC acquired a new position in shares of Eaton during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in Eaton in the 4th quarter valued at $30,000. Murphy & Mullick Capital Management Corp acquired a new position in Eaton in the 4th quarter valued at $33,000. Activest Wealth Management raised its holdings in Eaton by 621.4% in the 4th quarter. Activest Wealth Management now owns 101 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 87 shares during the last quarter. Finally, Knuff & Co LLC acquired a new position in Eaton in the 4th quarter valued at $37,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI boosted their price target on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday. Barclays cut their price target on Eaton from $315.00 to $306.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. BNP Paribas Exane assumed coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. BNP Paribas assumed coverage on Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. Finally, Royal Bank of Canada boosted their price target on Eaton from $336.00 to $356.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Eaton presently has a consensus rating of "Moderate Buy" and a consensus price target of $367.83.

Eaton Stock Down 0.5%

Shares of Eaton stock opened at $320.86 on Friday. The company has a fifty day moving average price of $290.07 and a 200 day moving average price of $319.44. 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 market cap of $125.55 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.64 and a beta of 1.14.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly 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. Eaton had a net margin of 15.25% and a return on equity of 22.62%. 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 prior year, the company earned $2.40 EPS. The firm's revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a dividend of $1.04 per share. The ex-dividend date is Monday, May 5th. This represents a $4.16 dividend on an annualized basis and a yield of 1.30%. Eaton's dividend payout ratio (DPR) is 41.98%.

Insider Buying and Selling at Eaton

In other Eaton news, insider Craig Arnold sold 51,054 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $305.43, for a total value of $15,593,423.22. Following the completion of the transaction, the insider now directly owns 489,444 shares of the company's stock, valued at $149,490,880.92. This represents a 9.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Yelton sold 2,120 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $296.87, for a total transaction of $629,364.40. Following the completion of the transaction, the insider now directly owns 3,382 shares of the company's stock, valued at approximately $1,004,014.34. The trade was a 38.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,660 shares of company stock valued at $49,622,894 in the last ninety days. Insiders own 0.30% of the company's stock.

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.

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