Eaton Co. plc (NYSE:ETN) Shares Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA increased its position in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 19.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,269 shares of the industrial products company's stock after acquiring an additional 34,086 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.05% of Eaton worth $56,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital A Wealth Management LLC bought a new position in shares of Eaton in the 4th quarter valued at approximately $26,000. Flagship Wealth Advisors LLC bought a new stake in Eaton in the fourth quarter valued at about $27,000. Noble Wealth Management PBC acquired a new position in shares of Eaton during the fourth quarter worth about $30,000. Murphy & Mullick Capital Management Corp bought a new stake in Eaton in the fourth quarter valued at approximately $33,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Eaton during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Buying and Selling

In other Eaton news, insider Michael Yelton sold 2,120 shares of the firm's 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 completion of the sale, the insider now owns 3,382 shares of the company's stock, valued at approximately $1,004,014.34. This trade represents a 38.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Arnold sold 103,486 shares of Eaton stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $322.75, for a total value of $33,400,106.50. Following the sale, the insider now owns 490,208 shares of the company's stock, valued at approximately $158,214,632. This represents a 17.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,660 shares of company stock valued at $49,622,894 in the last 90 days. Company insiders own 0.30% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ETN. BNP Paribas Exane initiated coverage on Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target on the stock. Wall Street Zen upgraded Eaton from a "hold" rating to a "buy" rating in a research note on Sunday, May 18th. Jefferies Financial Group lowered their target price on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Barclays raised their price target on Eaton from $306.00 to $323.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Morgan Stanley dropped their price target on Eaton from $385.00 to $375.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Eaton currently has a consensus rating of "Moderate Buy" and an average target price of $368.78.

Eaton Stock Performance

Shares of ETN stock traded up $4.38 during trading on Thursday, reaching $330.09. 1,777,259 shares of the company's stock traded hands, compared to its average volume of 2,643,607. The firm's 50-day moving average is $301.79 and its 200 day moving average is $315.72. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $129.16 billion, a P/E ratio of 34.75, a PEG ratio of 2.64 and a beta of 1.16. Eaton Co. plc has a 1 year low of $231.85 and a 1 year high of $379.99.

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, beating the consensus estimate of $2.70 by $0.02. Eaton had a net margin of 15.25% and a return on equity of 22.62%. The business had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.26 billion. During the same quarter in the prior year, the company posted $2.40 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Monday, May 5th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, May 5th. Eaton's payout ratio is 41.98%.

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.