Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Eaton Co. plc (NYSE:ETN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Eaton Co. plc (NYSE:ETN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 437,149 shares of the industrial products company's stock, valued at approximately $145,077,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Eaton at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Capital A Wealth Management LLC bought a new position in shares of Eaton in the fourth quarter valued at about $26,000. Flagship Wealth Advisors LLC acquired a new position in shares of Eaton during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in shares of Eaton during the fourth quarter valued at approximately $30,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Eaton in the fourth quarter valued at approximately $33,000. Finally, Vermillion Wealth Management Inc. bought a new position in Eaton in the 4th quarter worth approximately $33,000. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ETN has been the subject of several research reports. Wall Street Zen raised Eaton from a "hold" rating to a "buy" rating in a research note on Sunday, May 18th. KeyCorp lifted their price objective on Eaton from $325.00 to $355.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Jefferies Financial Group cut their target price on shares of Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley lowered their price target on shares of Eaton from $385.00 to $375.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, BNP Paribas started coverage on shares of Eaton in a report on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $367.83.

Eaton Stock Down 0.3%

Eaton stock traded down $0.91 during midday trading on Thursday, reaching $324.77. The stock had a trading volume of 1,617,527 shares, compared to its average volume of 2,658,722. The stock has a market capitalization of $127.08 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.14. The firm's fifty day simple moving average is $292.46 and its 200-day simple moving average is $318.55. 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.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results 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 business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.26 billion. Eaton had a return on equity of 22.62% and a net margin of 15.25%. Eaton's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.40 earnings per share. As a group, analysts expect that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a $1.04 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.16 annualized dividend and a yield of 1.28%. Eaton's dividend payout ratio is currently 41.98%.

Insider Activity at Eaton

In other news, insider Craig Arnold sold 51,054 shares of the stock in a transaction 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 transaction, the insider now directly owns 489,444 shares in the company, valued at approximately $149,490,880.92. This represents a 9.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Yelton sold 2,120 shares of the business'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 in the company, valued at $1,004,014.34. This represents a 38.53% 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 in the last ninety days. 0.30% of the stock is owned by company insiders.

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.