YHB Investment Advisors Inc. Acquires 1,507 Shares of Eaton Corporation, PLC (NYSE:ETN)

YHB Investment Advisors Inc. boosted its stake in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 9.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,849 shares of the industrial products company's stock after purchasing an additional 1,507 shares during the period. YHB Investment Advisors Inc.'s holdings in Eaton were worth $4,852,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ETN. Capital A Wealth Management LLC bought a new stake in shares of Eaton in the fourth quarter worth $26,000. Flagship Wealth Advisors LLC bought a new position in Eaton in the fourth quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in Eaton in the fourth quarter worth about $30,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Eaton during the 4th quarter valued at about $33,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Eaton during the 4th quarter valued at about $33,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Price Performance

NYSE:ETN traded down $0.54 on Wednesday, reaching $342.72. 1,929,515 shares of the company's stock traded hands, compared to its average volume of 2,654,218. The firm has a market cap of $134.11 billion, a PE ratio of 34.58, a P/E/G ratio of 2.58 and a beta of 1.16. 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 stock has a 50-day simple moving average of $313.24 and a 200-day simple moving average of $312.76. Eaton Corporation, PLC has a 12 month low of $231.85 and a 12 month high of $379.99.

Eaton (NYSE:ETN - Get Free Report) last issued its earnings results on Friday, May 2nd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.02. Eaton had a return on equity of 23.41% and a net margin of 15.55%. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter last year, the company earned $2.40 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, May 5th. Eaton's dividend payout ratio (DPR) is presently 41.98%.

Insider Buying and Selling

In other Eaton news, insider Michael Yelton sold 2,120 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were 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 $1,004,014.34. The trade was a 38.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Arnold sold 103,486 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $322.75, for a total transaction of $33,400,106.50. Following the transaction, the insider now directly owns 490,208 shares of the company's stock, valued at $158,214,632. This trade represents a 17.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,660 shares of company stock worth $49,622,894. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ETN. Royal Bank Of Canada increased their price objective on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. KeyCorp upped their target price on shares of Eaton from $325.00 to $355.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Evercore ISI increased 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. 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 objective for the company. Finally, Jefferies Financial Group decreased their target price on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.