Neville Rodie & Shaw Inc. Has $11.13 Million Stock Holdings in Eaton Co. plc (NYSE:ETN)

Neville Rodie & Shaw Inc. boosted its stake in Eaton Co. plc (NYSE:ETN - Free Report) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,944 shares of the industrial products company's stock after acquiring an additional 2,558 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Eaton were worth $11,130,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ETN. Norges Bank bought a new stake in Eaton in the 4th quarter valued at $1,495,582,000. Capital International Investors bought a new stake in Eaton in the 4th quarter valued at $523,541,000. Proficio Capital Partners LLC lifted its position in Eaton by 42,255.3% in the 4th quarter. Proficio Capital Partners LLC now owns 732,323 shares of the industrial products company's stock valued at $243,036,000 after acquiring an additional 730,594 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new stake in Eaton in the 4th quarter valued at $231,552,000. Finally, Janus Henderson Group PLC lifted its position in Eaton by 24.3% in the 4th quarter. Janus Henderson Group PLC now owns 3,007,570 shares of the industrial products company's stock valued at $998,144,000 after acquiring an additional 588,370 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Eaton Stock Performance

ETN traded down $4.46 on Friday, reaching $320.35. The company had a trading volume of 3,787,956 shares, compared to its average volume of 2,670,431. Eaton Co. plc has a fifty-two week low of $231.85 and a fifty-two week high of $379.99. The stock has a market cap of $125.35 billion, a P/E ratio of 33.72, a P/E/G ratio of 2.64 and a beta of 1.14. The company's fifty day moving average is $293.29 and its 200 day moving average is $317.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The industrial products company reported $2.72 EPS for the quarter, beating 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 business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the prior year, the business earned $2.40 EPS. Eaton's quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts predict that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued 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 1.30%. Eaton's dividend payout ratio is presently 41.98%.

Wall Street Analyst Weigh In

ETN has been the topic of several analyst reports. Evercore ISI boosted their price target on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. KeyCorp boosted their price target on shares of Eaton from $325.00 to $355.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. BNP Paribas initiated coverage on shares of Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 price target on the stock. Citigroup boosted their price target on shares of Eaton from $323.00 to $351.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Wall Street Zen raised shares of Eaton from a "hold" rating to a "buy" rating in a research report on Sunday, May 18th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $367.83.

Insider Transactions at Eaton

In other news, 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Arnold sold 51,054 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $305.43, for a total transaction of $15,593,423.22. Following the transaction, the insider now directly owns 489,444 shares in the company, valued at $149,490,880.92. This represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,660 shares of company stock valued at $49,622,894. 0.30% of the stock is currently owned by company insiders.

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.