Vise Technologies Inc. Acquires 3,730 Shares of Eaton Co. plc (NYSE:ETN)

Vise Technologies Inc. boosted its holdings 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 and 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 quarter. Vise Technologies Inc.'s holdings in Eaton were worth $2,228,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Connecticut Wealth Management LLC raised its position in shares of Eaton by 17.5% during the fourth quarter. Connecticut Wealth Management LLC now owns 1,447 shares of the industrial products company's stock worth $480,000 after purchasing an additional 216 shares during the period. Mosaic Family Wealth Partners LLC purchased a new position in shares of Eaton in the fourth quarter worth approximately $223,000. Novem Group acquired a new stake in shares of Eaton during the fourth quarter valued at approximately $444,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Eaton by 14.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 76,232 shares of the industrial products company's stock worth $25,299,000 after purchasing an additional 9,519 shares during the period. Finally, NCM Capital Management LLC grew its position in Eaton by 3.2% during the 4th quarter. NCM Capital Management LLC now owns 3,549 shares of the industrial products company's stock worth $1,178,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Insiders Place Their Bets

In other news, insider Craig Arnold sold 103,486 shares of Eaton stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $322.75, for a total value of $33,400,106.50. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Yelton sold 2,120 shares of the stock in a transaction dated 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 directly owns 3,382 shares in the company, valued at approximately $1,004,014.34. This represents a 38.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,660 shares of company stock worth $49,622,894 over the last 90 days. Corporate insiders own 0.30% of the company's stock.

Eaton Stock Performance

ETN traded down $2.75 during midday trading on Wednesday, reaching $325.41. The company's stock had a trading volume of 1,979,513 shares, compared to its average volume of 2,659,331. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $291.87 and a 200 day simple moving average of $318.50. The stock has a market cap of $127.33 billion, a P/E ratio of 34.25, a PEG ratio of 2.64 and a beta of 1.14. Eaton Co. plc has a twelve month low of $231.85 and a twelve month 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 EPS for the quarter, beating the consensus estimate of $2.70 by $0.02. Eaton had a net margin of 15.25% and a return on equity of 22.62%. The firm had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.26 billion. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.40 EPS. Research analysts expect that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were given a $1.04 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.16 annualized dividend and a yield of 1.28%. Eaton's dividend payout ratio (DPR) is currently 41.98%.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of research analyst reports. Wall Street Zen upgraded Eaton from a "hold" rating to a "buy" rating in a report on Sunday, May 18th. Royal Bank of Canada increased their price target on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Evercore ISI raised their price target on shares of Eaton from $326.00 to $349.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Melius Research reiterated a "hold" rating and set a $373.00 price objective on shares of Eaton in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their target price on Eaton from $300.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $367.83.

Eaton 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.