Diversified Trust Co Has $2.78 Million Stake in Eaton Corporation, PLC (NYSE:ETN)

Diversified Trust Co lessened its position in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,207 shares of the industrial products company's stock after selling 774 shares during the quarter. Diversified Trust Co's holdings in Eaton were worth $2,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETN. Capital A Wealth Management LLC acquired a new position in Eaton in the fourth quarter valued at approximately $26,000. Flagship Wealth Advisors LLC bought a new position in shares of Eaton in the 4th quarter worth $27,000. Creative Financial Designs Inc. ADV grew its stake in shares of Eaton by 102.0% during the first quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock worth $27,000 after purchasing an additional 51 shares during the period. Noble Wealth Management PBC bought a new stake in Eaton in the fourth quarter valued at about $30,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Eaton in the fourth quarter valued at about $33,000. 82.97% of the stock is owned by institutional investors.

Eaton Stock Performance

Shares of Eaton stock traded up $5.60 during trading on Friday, reaching $353.74. The company's stock had a trading volume of 3,704,268 shares, compared to its average volume of 2,665,307. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The firm has a market cap of $138.42 billion, a PE ratio of 35.70, a P/E/G ratio of 2.74 and a beta of 1.16. The business's 50-day moving average price is $318.04 and its 200-day moving average price is $312.49. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $379.99.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $2.72 EPS for the quarter, beating 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 business had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the previous year, the business earned $2.40 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Monday, May 5th. Eaton's dividend payout ratio is presently 41.98%.

Insiders Place Their Bets

In other Eaton news, insider Craig Arnold sold 51,054 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Yelton sold 2,120 shares of the business's stock in a transaction dated 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 approximately $1,004,014.34. This trade represents a 38.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,660 shares of company stock valued at $49,622,894. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on ETN. Royal Bank Of Canada boosted their target price on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. BNP Paribas Exane started coverage on shares of Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 target price for the company. Wells Fargo & Company reissued an "overweight" rating and set a $355.00 price target on shares of Eaton in a research report on Monday, May 5th. Jefferies Financial Group lowered 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. Finally, BNP Paribas began coverage on Eaton in a report on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price on the stock. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Eaton currently has an average rating of "Moderate Buy" and an average price target of $368.78.

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.