Rothschild Investment LLC Has $4.16 Million Stock Holdings in Eaton Co. plc (NYSE:ETN)

Rothschild Investment LLC lifted its stake in Eaton Co. plc (NYSE:ETN - Free Report) by 377.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,292 shares of the industrial products company's stock after buying an additional 12,092 shares during the period. Rothschild Investment LLC's holdings in Eaton were worth $4,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ETN. Bearing Point Capital LLC bought a new position in shares of Eaton during the fourth quarter valued at approximately $2,713,000. McAdam LLC bought a new position in shares of Eaton during the fourth quarter valued at approximately $293,000. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Eaton by 256.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 57,521 shares of the industrial products company's stock valued at $19,089,000 after purchasing an additional 41,399 shares during the last quarter. Generate Investment Management Ltd bought a new position in shares of Eaton during the fourth quarter valued at approximately $12,678,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Eaton during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore ISI increased their price objective on Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Wall Street Zen raised Eaton from a "hold" rating to a "buy" rating in a report on Sunday, May 18th. Morgan Stanley decreased 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. KeyCorp increased their price objective on Eaton from $325.00 to $355.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Jefferies Financial Group decreased their price objective on Eaton from $390.00 to $335.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Five investment 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $367.83.

Eaton Stock Down 0.4%

NYSE ETN traded down $1.15 on Monday, reaching $319.05. The company had a trading volume of 1,929,101 shares, compared to its average volume of 2,667,453. The firm has a market capitalization of $124.84 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth 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 Co. plc has a 1-year low of $231.85 and a 1-year high of $379.99. The company's fifty day moving average is $293.29 and its 200-day moving average is $317.22.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Friday, May 2nd. The industrial products company reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $0.02. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.26 billion. Eaton had a net margin of 15.25% and a return on equity of 22.62%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.40 EPS. On average, research analysts forecast that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Monday, May 5th. Eaton's payout ratio is presently 41.98%.

Insider Buying and Selling

In other Eaton news, insider Craig Arnold sold 103,486 shares of the business's 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 sale, the insider now directly owns 490,208 shares of the company's stock, valued at $158,214,632. The trade was a 17.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Yelton sold 2,120 shares of the company'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 completion of the sale, the insider now directly owns 3,382 shares in the company, valued at approximately $1,004,014.34. The trade was a 38.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,660 shares of company stock valued at $49,622,894. Company insiders own 0.30% of the company's stock.

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.