Cwm LLC Buys 1,207 Shares of Eaton Corporation, PLC (NYSE:ETN)

CWM LLC raised its stake in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,568 shares of the industrial products company's stock after purchasing an additional 1,207 shares during the period. CWM LLC's holdings in Eaton were worth $5,319,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in Eaton during the 4th quarter worth $26,000. Flagship Wealth Advisors LLC acquired a new stake in Eaton during the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV grew its holdings in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after acquiring an additional 51 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Eaton during the 4th quarter worth about $33,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Eaton during the 4th quarter worth about $33,000. 82.97% of the stock is owned by institutional investors.

Eaton Stock Down 0.5%

ETN stock traded down $1.83 during mid-day trading on Friday, reaching $378.89. 2,941,003 shares of the company traded hands, compared to its average volume of 2,673,562. The stock has a market cap of $148.26 billion, a price-to-earnings ratio of 38.23, a P/E/G ratio of 2.74 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $387.50. The firm's 50 day moving average price is $337.91 and its 200 day moving average price is $314.48.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Friday, May 2nd. The industrial products company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.70 by $0.02. Eaton had a net margin of 15.55% and a return on equity of 23.41%. The firm had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same quarter last 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 research analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.16 annualized dividend and a dividend yield of 1.10%. Eaton's dividend payout ratio is currently 41.98%.

Analyst Ratings Changes

ETN has been the subject of a number of recent analyst reports. Citigroup increased their price target on Eaton from $351.00 to $420.00 and gave the stock a "buy" rating in a report on Monday. Evercore ISI increased their price target on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. JPMorgan Chase & Co. increased their price target on Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. KeyCorp increased their price target on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a report on Tuesday. 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 note on Monday, May 5th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and a consensus target price of $377.89.

Insider Activity at Eaton

In related news, insider Craig Arnold sold 103,486 shares of Eaton stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $322.75, for a total value of $33,400,106.50. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Yelton sold 2,120 shares of Eaton stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 trade represents a 38.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,660 shares of company stock worth $49,622,894. 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.