Vise Technologies Inc. Increases Stake in Eaton Co. plc (NYSE:ETN)

Vise Technologies Inc. boosted its stake in Eaton Co. plc (NYSE:ETN - Free Report) by 125.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,714 shares of the industrial products company's stock after acquiring an additional 3,730 shares during the period. Vise Technologies Inc.'s holdings in Eaton were worth $2,228,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ETN. Flagship Wealth Advisors LLC bought a new stake in shares of Eaton during the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in shares of Eaton during the 4th quarter valued at $30,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Eaton during the 4th quarter valued at $33,000. Activest Wealth Management boosted its holdings in shares of Eaton by 621.4% during the 4th quarter. Activest Wealth Management now owns 101 shares of the industrial products company's stock valued at $34,000 after buying an additional 87 shares in the last quarter. Finally, Knuff & Co LLC bought a new position in Eaton in the 4th quarter worth about $37,000. Institutional investors own 82.97% of the company's stock.

Eaton Price Performance

Shares of NYSE ETN traded down $0.02 during midday trading on Thursday, reaching $325.65. 695,248 shares of the stock traded hands, compared to its average volume of 2,655,164. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The stock has a market capitalization of $127.43 billion, a PE ratio of 34.27, a P/E/G ratio of 2.64 and a beta of 1.14. Eaton Co. plc has a one year low of $231.85 and a one year high of $379.99. The company's 50 day moving average is $292.46 and its 200 day moving average is $318.55.

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

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were issued a dividend of $1.04 per share. 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 payout ratio is presently 41.98%.

Insider Activity at Eaton

In other Eaton 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 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 trade represents a 38.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Arnold sold 103,486 shares of the stock in a transaction on 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 now owns 490,208 shares in the company, valued at approximately $158,214,632. The trade was a 17.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,660 shares of company stock worth $49,622,894. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ETN shares. Royal Bank of Canada upped their price target on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Wells Fargo & Company reiterated an "overweight" rating and issued a $355.00 price target on shares of Eaton in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Eaton from a "hold" rating to a "buy" rating in a research note on Sunday, May 18th. Morgan Stanley dropped their price target 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. Finally, Evercore ISI upped their price target on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $367.83.

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.