Kintegral Advisory LLC Lowers Position in Eaton Corporation, PLC (NYSE:ETN)

Kintegral Advisory LLC decreased its holdings in shares of Eaton Corporation, PLC (NYSE:ETN - Free Report) by 32.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,466 shares of the industrial products company's stock after selling 1,702 shares during the period. Kintegral Advisory LLC's holdings in Eaton were worth $942,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Capital A Wealth Management LLC purchased a new position in Eaton during the fourth quarter valued at approximately $26,000. Flagship Wealth Advisors LLC bought a new stake in Eaton during the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Eaton by 102.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 51 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Eaton in the 4th quarter worth $33,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Eaton in the 4th quarter worth $33,000. Institutional investors own 82.97% of the company's stock.

Insider Transactions at Eaton

In other news, insider Michael Yelton sold 2,120 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $296.87, for a total value of $629,364.40. Following the transaction, the insider directly owned 3,382 shares of the company's stock, valued at approximately $1,004,014.34. This 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 is accessible through the SEC website. Also, insider Craig Arnold sold 103,486 shares of the company's stock in a transaction dated 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 completion of the sale, the insider owned 490,208 shares in the company, valued at $158,214,632. The trade was a 17.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,660 shares of company stock worth $49,622,894 over the last three months. Corporate insiders own 0.30% of the company's stock.

Eaton Stock Up 1.1%

Shares of ETN stock opened at $361.98 on Friday. The stock's 50-day simple moving average is $326.36 and its 200-day simple moving average is $312.94. 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 firm has a market capitalization of $141.64 billion, a PE ratio of 36.53, a P/E/G ratio of 2.73 and a beta of 1.17. Eaton Corporation, PLC has a fifty-two week low of $231.85 and a fifty-two week high of $379.99.

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

Eaton Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, May 5th. Eaton's dividend payout ratio is presently 41.98%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ETN. KeyCorp boosted their price target on Eaton from $325.00 to $355.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Morgan Stanley reduced their price target on Eaton from $385.00 to $375.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Evercore ISI boosted their price target on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Citigroup boosted their price target on Eaton from $323.00 to $351.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, BNP Paribas Exane began coverage on Eaton in a research report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target for the company. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $369.06.

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.

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