Winslow Asset Management Inc. Has $7.61 Million Holdings in Eaton Corporation, PLC (NYSE:ETN)

Winslow Asset Management Inc. lessened its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,991 shares of the industrial products company's stock after selling 761 shares during the period. Eaton comprises 1.7% of Winslow Asset Management Inc.'s portfolio, making the stock its 23rd largest holding. Winslow Asset Management Inc.'s holdings in Eaton were worth $7,609,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Checchi Capital Advisers LLC lifted its position in Eaton by 0.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock worth $1,378,000 after buying an additional 37 shares in the last quarter. Lantern Wealth Advisors LLC lifted its position in Eaton by 1.0% during the 4th quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock worth $1,340,000 after buying an additional 38 shares in the last quarter. AGH Wealth Advisors LLC lifted its position in Eaton by 2.6% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after buying an additional 38 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Eaton by 4.2% during the 1st quarter. Revolve Wealth Partners LLC now owns 951 shares of the industrial products company's stock worth $259,000 after buying an additional 38 shares in the last quarter. Finally, Tritonpoint Wealth LLC lifted its position in Eaton by 3.9% during the 1st quarter. Tritonpoint Wealth LLC now owns 1,038 shares of the industrial products company's stock worth $282,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ETN shares. Wells Fargo & Company upped their price target on shares of Eaton from $310.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Sanford C. Bernstein restated an "outperform" rating and set a $396.00 target price on shares of Eaton in a research report on Monday. Citigroup upped their target price on shares of Eaton from $351.00 to $420.00 and gave the company a "buy" rating in a research report on Monday. Morgan Stanley cut their target price on shares of Eaton from $385.00 to $375.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, BNP Paribas Exane assumed coverage on shares of Eaton in a research report on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price on the stock. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, Eaton has an average rating of "Moderate Buy" and a consensus price target of $377.89.

Eaton Stock Up 0.5%

NYSE ETN traded up $1.89 during trading hours on Tuesday, reaching $362.18. 2,060,633 shares of the company's stock were exchanged, compared to its average volume of 2,670,654. The company's 50-day moving average is $333.96 and its two-hundred day moving average is $313.47. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $379.99. 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 company has a market capitalization of $141.72 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.72 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 (EPS) for the quarter, topping 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 analysts' expectations of $6.26 billion. During the same period in the prior year, the business earned $2.40 EPS. Eaton's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were paid 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 1.15%. Eaton's dividend payout ratio is currently 41.98%.

Insider Activity at Eaton

In other news, insider Michael Yelton sold 2,120 shares of the stock in a transaction that occurred 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 owned 3,382 shares of the company's stock, valued at approximately $1,004,014.34. This represents a 38.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Arnold sold 103,486 shares of the 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 completion of the sale, the insider directly 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 disclosure for this sale can be found here. Insiders have sold a total of 156,660 shares of company stock valued at $49,622,894 over the last ninety days. Company insiders own 0.30% of the company's stock.

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.