Geller Advisors LLC Sells 984 Shares of Eaton Co. plc (NYSE:ETN)

Geller Advisors LLC cut its position in Eaton Co. plc (NYSE:ETN - Free Report) by 36.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,720 shares of the industrial products company's stock after selling 984 shares during the quarter. Geller Advisors LLC's holdings in Eaton were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ETN. Wetzel Investment Advisors Inc. increased its stake in shares of Eaton by 0.9% during the 4th quarter. Wetzel Investment Advisors Inc. now owns 3,101 shares of the industrial products company's stock worth $1,029,000 after purchasing an additional 28 shares during the last quarter. Westmount Partners LLC lifted its stake in shares of Eaton by 3.1% in the 4th quarter. Westmount Partners LLC now owns 985 shares of the industrial products company's stock valued at $327,000 after purchasing an additional 30 shares during the last quarter. Signal Advisors Wealth LLC boosted its holdings in Eaton by 3.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 896 shares of the industrial products company's stock worth $297,000 after purchasing an additional 30 shares in the last quarter. Lantz Financial LLC increased its position in Eaton by 4.8% during the fourth quarter. Lantz Financial LLC now owns 659 shares of the industrial products company's stock worth $219,000 after buying an additional 30 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in Eaton by 2.0% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,639 shares of the industrial products company's stock valued at $544,000 after buying an additional 32 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ETN shares. Jefferies Financial Group lowered their price objective on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. StockNews.com cut Eaton from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company reissued an "overweight" rating and issued a $355.00 price target on shares of Eaton in a research report on Monday, May 5th. KeyCorp raised their target price on shares of Eaton from $325.00 to $355.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, Barclays cut their target price on shares of Eaton from $315.00 to $306.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $361.13.

Eaton Price Performance

Shares of ETN traded up $6.77 on Tuesday, hitting $328.86. The company's stock had a trading volume of 355,777 shares, compared to its average volume of 2,643,299. The company has a 50 day moving average price of $283.50 and a 200 day moving average price of $319.80. Eaton Co. plc has a fifty-two week low of $231.85 and a fifty-two week high of $379.99. The company has a market capitalization of $128.68 billion, a PE ratio of 34.64, a PEG ratio of 2.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Friday, May 2nd. The industrial products company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.26 billion. During the same period last year, the company posted $2.40 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, May 5th. Eaton's dividend payout ratio (DPR) is presently 41.98%.

Insiders Place Their Bets

In other news, insider Michael Yelton sold 2,120 shares of the firm'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 transaction, the insider now directly owns 3,382 shares in the company, valued at $1,004,014.34. This trade represents a 38.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Arnold sold 51,054 shares of Eaton 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 sale, the insider now directly owns 489,444 shares of the company's stock, valued at approximately $149,490,880.92. This trade represents a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

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.