J. Safra Sarasin Holding AG Acquires 4,410 Shares of Eaton Co. plc (NYSE:ETN)

J. Safra Sarasin Holding AG lifted its position in Eaton Co. plc (NYSE:ETN - Free Report) by 77.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,083 shares of the industrial products company's stock after buying an additional 4,410 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Eaton were worth $3,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ETN. Flagship Wealth Advisors LLC bought a new stake in Eaton in the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in shares of Eaton in the 4th quarter valued at approximately $30,000. Horizon Bancorp Inc. IN grew its stake in shares of Eaton by 321.7% during the fourth quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company's stock worth $32,000 after buying an additional 74 shares during the last quarter. Morse Asset Management Inc bought a new stake in Eaton during the 3rd quarter worth $33,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Eaton in the 4th quarter valued at approximately $33,000. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of analyst reports. Barclays reduced their price target on Eaton from $315.00 to $306.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Evercore ISI reduced their target price on Eaton from $382.00 to $326.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Eaton from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Citigroup dropped their target price on Eaton from $396.00 to $323.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada dropped their target price on shares of Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and an average price target of $350.22.

Eaton Stock Performance

Shares of NYSE:ETN traded up $1.89 during midday trading on Friday, reaching $288.91. 2,177,225 shares of the company traded hands, compared to its average volume of 2,630,169. The firm's fifty day moving average price is $281.54 and its two-hundred day moving average price is $323.11. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. Eaton Co. plc has a 12 month low of $231.85 and a 12 month high of $379.99. The firm has a market capitalization of $113.19 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09.

Eaton (NYSE:ETN - Get Free Report) last posted its earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same quarter in the previous year, the business earned $2.55 earnings per share. On average, equities analysts expect that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, May 5th. Eaton's dividend payout ratio is currently 43.79%.

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.