GSA Capital Partners LLP Has $1.53 Million Stock Holdings in Eaton Corporation, PLC (NYSE:ETN)

GSA Capital Partners LLP raised its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 167.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,622 shares of the industrial products company's stock after purchasing an additional 3,522 shares during the quarter. GSA Capital Partners LLP's holdings in Eaton were worth $1,528,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its stake in shares of Eaton by 0.7% in the 1st quarter. Checchi Capital Advisers LLC now owns 5,071 shares of the industrial products company's stock valued at $1,378,000 after buying an additional 37 shares during the period. Lantern Wealth Advisors LLC grew its stake in shares of Eaton by 1.0% during the fourth quarter. Lantern Wealth Advisors LLC now owns 4,038 shares of the industrial products company's stock worth $1,340,000 after purchasing an additional 38 shares during the period. AGH Wealth Advisors LLC grew its stake in shares of Eaton by 2.6% during the first quarter. AGH Wealth Advisors LLC now owns 1,517 shares of the industrial products company's stock worth $412,000 after purchasing an additional 38 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Eaton by 4.2% during the first quarter. Revolve Wealth Partners LLC now owns 951 shares of the industrial products company's stock worth $259,000 after purchasing an additional 38 shares during the period. Finally, Tritonpoint Wealth LLC grew its stake in shares of Eaton by 3.9% during the first quarter. Tritonpoint Wealth LLC now owns 1,038 shares of the industrial products company's stock worth $282,000 after purchasing an additional 39 shares during the period. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ETN shares. Royal Bank Of Canada lifted their price objective on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Morgan Stanley decreased their price objective on Eaton from $385.00 to $375.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. BNP Paribas Exane assumed coverage on Eaton in a report on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price on the stock. Sanford C. Bernstein reiterated an "outperform" rating and set a $396.00 target price on shares of Eaton in a report on Monday, July 14th. Finally, KeyCorp lifted their target price on Eaton from $355.00 to $410.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $377.89.

Insiders Place Their Bets

In other Eaton news, insider Michael Yelton sold 2,120 shares of the firm's stock in a transaction 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 transaction, the insider owned 3,382 shares in the company, valued at $1,004,014.34. This trade represents a 38.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Arnold sold 103,486 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $322.75, for a total value of $33,400,106.50. Following the transaction, the insider owned 490,208 shares in the company, valued at approximately $158,214,632. This trade represents a 17.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,660 shares of company stock worth $49,622,894. Corporate insiders own 0.30% of the company's stock.

Eaton Stock Performance

NYSE ETN traded down $3.20 during trading on Friday, reaching $381.52. 2,416,712 shares of the company's stock were exchanged, compared to its average volume of 3,052,825. The business has a 50 day moving average price of $349.71 and a 200-day moving average price of $317.50. The stock has a market capitalization of $149.29 billion, a P/E ratio of 38.50, a PEG ratio of 2.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.84. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $399.56.

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, 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 in the prior year, the business earned $2.40 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, August 7th. Eaton's dividend payout ratio (DPR) is 41.98%.

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.