River Street Advisors LLC Sells 1,479 Shares of Eaton Corporation, PLC (NYSE:ETN)

River Street Advisors LLC decreased its position in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 23.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,779 shares of the industrial products company's stock after selling 1,479 shares during the period. River Street Advisors LLC's holdings in Eaton were worth $1,299,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bearing Point Capital LLC acquired a new stake in shares of Eaton in the 4th quarter valued at approximately $2,713,000. Brighton Jones LLC boosted its holdings in shares of Eaton by 4.9% in the 1st quarter. Brighton Jones LLC now owns 3,505 shares of the industrial products company's stock valued at $953,000 after buying an additional 164 shares during the last quarter. Kennebec Savings Bank boosted its holdings in shares of Eaton by 5.4% in the 1st quarter. Kennebec Savings Bank now owns 2,715 shares of the industrial products company's stock valued at $738,000 after buying an additional 139 shares during the last quarter. American National Bank & Trust boosted its holdings in shares of Eaton by 5.4% in the 1st quarter. American National Bank & Trust now owns 3,145 shares of the industrial products company's stock valued at $855,000 after buying an additional 162 shares during the last quarter. Finally, Castle Rock Wealth Management LLC boosted its holdings in shares of Eaton by 7.0% in the 4th quarter. Castle Rock Wealth Management LLC now owns 8,330 shares of the industrial products company's stock valued at $2,575,000 after buying an additional 543 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Eaton Stock Performance

Shares of NYSE ETN opened at $333.92 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.84. The stock's fifty day moving average price is $309.71 and its two-hundred day moving average price is $313.95. Eaton Corporation, PLC has a one year low of $231.85 and a one year high of $379.99. The firm has a market cap of $130.66 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.60 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The industrial products company reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.70 by $0.02. The firm 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 for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.40 EPS. On average, equities analysts forecast that Eaton Corporation, 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 1.25%. The ex-dividend date of this dividend was Monday, May 5th. Eaton's dividend payout ratio (DPR) is currently 41.98%.

Insider Transactions at Eaton

In related news, insider Craig Arnold sold 103,486 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $322.75, for a total transaction of $33,400,106.50. Following the completion of the sale, the insider now directly owns 490,208 shares in the company, valued at $158,214,632. This represents a 17.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Yelton sold 2,120 shares of the company's stock in a transaction 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 sale, the insider now owns 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 disclosure for this sale can be found here. In the last three months, insiders have sold 156,660 shares of company stock valued at $49,622,894. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ETN has been the subject of several recent analyst reports. Evercore ISI increased their price objective on Eaton from $326.00 to $349.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Morgan Stanley cut their price objective on Eaton from $385.00 to $375.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Royal Bank Of Canada increased their price target on Eaton from $336.00 to $356.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen upgraded Eaton from a "hold" rating to a "buy" rating in a research note on Sunday, May 18th. Finally, Citigroup increased their price target on Eaton from $323.00 to $351.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Eaton currently has an average rating of "Moderate Buy" and an average price target of $368.78.

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.

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