Heck Capital Advisors LLC Buys New Stake in Eaton Co. plc (NYSE:ETN)

Heck Capital Advisors LLC purchased a new stake in Eaton Co. plc (NYSE:ETN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,655 shares of the industrial products company's stock, valued at approximately $881,000.

A number of other institutional investors also recently bought and sold shares of ETN. Brighton Jones LLC raised its holdings in shares of Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company's stock valued at $1,109,000 after acquiring an additional 45 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in Eaton by 22.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 2,108 shares of the industrial products company's stock valued at $700,000 after purchasing an additional 385 shares during the last quarter. CX Institutional lifted its holdings in Eaton by 6.6% in the 4th quarter. CX Institutional now owns 2,567 shares of the industrial products company's stock valued at $852,000 after purchasing an additional 159 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Eaton by 120.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,204 shares of the industrial products company's stock worth $3,718,000 after purchasing an additional 6,120 shares during the last quarter. Finally, Lantz Financial LLC grew its holdings in shares of Eaton by 4.8% during the fourth quarter. Lantz Financial LLC now owns 659 shares of the industrial products company's stock worth $219,000 after buying an additional 30 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eaton

In other Eaton news, insider Michael Yelton sold 2,120 shares of the firm's stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Arnold sold 51,054 shares of the company'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 value of $15,593,423.22. Following the completion of the sale, the insider now owns 489,444 shares of the company's stock, valued at $149,490,880.92. This trade represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,660 shares of company stock worth $49,622,894. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ETN shares. JPMorgan Chase & Co. increased their price target on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley reduced their price target on Eaton from $385.00 to $375.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. BNP Paribas initiated coverage on shares of Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective for the company. Royal Bank of Canada lifted their target price 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. Finally, KeyCorp lifted their price target on shares of Eaton from $325.00 to $355.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Eaton currently has an average rating of "Moderate Buy" and an average price target of $367.83.

Eaton Trading Down 0.3%

Eaton stock traded down $0.91 during trading on Thursday, hitting $324.77. The company's stock had a trading volume of 1,617,527 shares, compared to its average volume of 2,658,722. Eaton Co. plc has a 1-year low of $231.85 and a 1-year high of $379.99. The stock's fifty day moving average is $292.46 and its 200 day moving average is $318.55. The stock has a market capitalization of $127.08 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.64 and a beta of 1.14. 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 released 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 return on equity of 22.62% and a net margin of 15.25%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same period last year, the company posted $2.40 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Announces Dividend

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 dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, May 5th. Eaton's dividend payout ratio (DPR) is presently 41.98%.

Eaton Company 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.