Vontobel Holding Ltd. Has $6.13 Million Stock Holdings in Eaton Corporation, PLC (NYSE:ETN)

Vontobel Holding Ltd. decreased its holdings in Eaton Corporation, PLC (NYSE:ETN - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,563 shares of the industrial products company's stock after selling 879 shares during the quarter. Vontobel Holding Ltd.'s holdings in Eaton were worth $6,133,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ETN. Capital A Wealth Management LLC purchased a new position in shares of Eaton during the 4th quarter valued at approximately $26,000. Flagship Wealth Advisors LLC bought a new position in Eaton during the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV boosted its stake in Eaton by 102.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 101 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 51 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Eaton during the 4th quarter worth $33,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Eaton in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ETN. JPMorgan Chase & Co. lifted their price target on Eaton from $300.00 to $360.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Jefferies Financial Group decreased their target price on Eaton from $390.00 to $335.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Wells Fargo & Company upped their price target on Eaton from $310.00 to $360.00 and gave the company an "equal weight" rating in a research report on Tuesday. Royal Bank Of Canada lifted their price objective on shares of Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, BNP Paribas Exane began coverage on shares of Eaton in a research note on Thursday, May 15th. They set an "outperform" rating and a $380.00 target price for the company. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Eaton presently has an average rating of "Moderate Buy" and an average price target of $369.06.

Eaton Stock Performance

ETN stock traded up $3.79 on Thursday, reaching $361.98. The company's stock had a trading volume of 1,088,135 shares, compared to its average volume of 2,658,104. The firm has a fifty day moving average of $323.41 and a two-hundred day moving average of $312.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.84. The company has a market capitalization of $141.64 billion, a P/E ratio of 36.53, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. Eaton Corporation, PLC has a 52 week low of $231.85 and a 52 week high of $379.99.

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 (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.02. The company had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.26 billion. Eaton had a return on equity of 23.41% and a net margin of 15.55%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.40 earnings per share. As a group, analysts predict that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 5th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.15%. Eaton's dividend payout ratio is presently 41.98%.

Insider Activity at Eaton

In other news, insider Michael Yelton sold 2,120 shares of the company's 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 completion of the sale, the insider directly owned 3,382 shares of the company's stock, valued at $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 SEC, which is available at the SEC website. Also, insider Craig Arnold sold 103,486 shares of Eaton stock in a transaction dated 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 transaction, the insider directly owned 490,208 shares in the company, valued at $158,214,632. This represents a 17.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,660 shares of company stock worth $49,622,894. 0.30% of the stock is owned by corporate insiders.

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.