Tilia Fiduciary Partners Inc. Purchases New Position in Eaton Co. plc (NYSE:ETN)

Tilia Fiduciary Partners Inc. purchased a new stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,114 shares of the industrial products company's stock, valued at approximately $1,390,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new position in shares of Eaton during the 4th quarter valued at $26,000. Flagship Wealth Advisors LLC bought a new position in Eaton in the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Eaton in the 4th quarter worth about $30,000. Murphy & Mullick Capital Management Corp bought a new position in Eaton in the 4th quarter worth about $33,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Eaton during the fourth quarter valued at approximately $33,000. Institutional investors own 82.97% of the company's stock.

Insiders Place Their Bets

In other news, insider Michael Yelton sold 2,120 shares of the 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 sale, the insider now owns 3,382 shares in the company, 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 this link. Also, insider Craig Arnold sold 103,486 shares of the business'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 transaction, the insider now owns 490,208 shares in the company, valued at approximately $158,214,632. The trade was a 17.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,660 shares of company stock valued at $49,622,894 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Eaton Price Performance

ETN opened at $331.71 on Friday. Eaton Co. plc has a 1 year low of $231.85 and a 1 year high of $379.99. The company's 50 day simple moving average is $298.11 and its 200 day simple moving average is $316.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. The stock has a market capitalization of $129.80 billion, a PE ratio of 34.92, a P/E/G ratio of 2.64 and a beta of 1.16.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.70 by $0.02. The company had revenue of $6.38 billion for 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 business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.40 earnings per share. As a group, sell-side analysts expect that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a $1.04 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.16 annualized dividend and a dividend yield of 1.25%. Eaton's payout ratio is 41.98%.

Analyst Upgrades and Downgrades

ETN has been the subject of several recent research reports. Royal Bank of Canada raised their target price on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Wall Street Zen raised shares of Eaton from a "hold" rating to a "buy" rating in a research note on Sunday, May 18th. Morgan Stanley reduced their target price on shares of Eaton from $385.00 to $375.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. KeyCorp lifted their target price on shares of Eaton from $325.00 to $355.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Finally, Citigroup boosted their price target on shares of Eaton from $323.00 to $351.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $367.83.

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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