Nebula Research & Development LLC Invests $355,000 in Eaton Co. plc (NYSE:ETN)

Nebula Research & Development LLC purchased a new stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,071 shares of the industrial products company's stock, valued at approximately $355,000.

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

Eaton Price Performance

ETN traded up $0.01 during trading on Tuesday, reaching $298.59. The company's stock had a trading volume of 494,751 shares, compared to its average volume of 2,627,222. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $281.24 and a two-hundred day simple moving average of $321.09. The company has a market cap of $116.98 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.64 and a beta of 1.14. Eaton Co. plc has a 1 year low of $231.85 and a 1 year high of $379.99.

Eaton (NYSE:ETN - Get Free Report) last posted its 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 net margin of 15.25% and a return on equity of 22.62%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same period in the previous year, the business posted $2.40 EPS. Eaton's revenue was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.16 annualized dividend and a dividend yield of 1.39%. Eaton's dividend payout ratio (DPR) is currently 41.98%.

Analyst Ratings Changes

A number of brokerages recently commented on ETN. Royal Bank of Canada upped their target price on Eaton from $336.00 to $356.00 and gave the company an "outperform" rating in a report on Monday. Wells Fargo & Company reaffirmed an "overweight" rating and set a $355.00 price objective on shares of Eaton in a research report on Monday. Jefferies Financial Group lowered their target price on Eaton from $390.00 to $335.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Evercore ISI decreased their price target on shares of Eaton from $382.00 to $326.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Finally, Citigroup lifted their target price on shares of Eaton from $323.00 to $351.00 and gave the company a "buy" rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Eaton has an average rating of "Moderate Buy" and an average price target of $361.13.

Eaton Company 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.