Capital Advisors Inc. OK Acquires 1,295 Shares of Eaton Corporation, PLC (NYSE:ETN)

Capital Advisors Inc. OK increased its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,260 shares of the industrial products company's stock after acquiring an additional 1,295 shares during the period. Capital Advisors Inc. OK's holdings in Eaton were worth $19,642,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ETN. Capital A Wealth Management LLC bought a new position in shares of Eaton in the fourth quarter valued at approximately $26,000. Flagship Wealth Advisors LLC bought a new position in Eaton during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Eaton during the 4th quarter worth $33,000. Vermillion Wealth Management Inc. bought a new stake in shares of Eaton in the 4th quarter worth $33,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Eaton by 102.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Activity

In other news, insider Craig Arnold sold 103,486 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider owned 490,208 shares of the company's stock, valued at approximately $158,214,632. The trade was a 17.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Yelton sold 2,120 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 3,382 shares in the company, valued at $1,004,014.34. This represents a 38.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,660 shares of company stock worth $49,622,894. Insiders own 0.30% of the company's stock.

Eaton Stock Performance

ETN stock traded down $3.55 during midday trading on Monday, reaching $358.67. 1,800,538 shares of the company's stock traded hands, compared to its average volume of 2,665,214. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $379.99. The company has a 50-day moving average price of $326.36 and a two-hundred day moving average price of $312.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.31. The firm has a market capitalization of $140.35 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 2.73 and a beta of 1.17.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Friday, May 2nd. The industrial products company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.70 by $0.02. Eaton had a return on equity of 23.41% and a net margin of 15.55%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Monday, May 5th. Eaton's payout ratio is 41.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of Eaton from $390.00 to $335.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Evercore ISI upped their target price on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. BNP Paribas Exane initiated coverage on Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target for the company. Citigroup boosted their price objective on Eaton from $323.00 to $351.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Royal Bank Of Canada raised their target price on Eaton from $336.00 to $356.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Eaton presently has a consensus rating of "Moderate Buy" and an average price target of $369.06.

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.