Eaton Co. plc (NYSE:ETN) Stake Lifted by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its position in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 61,668 shares of the industrial products company's stock after purchasing an additional 787 shares during the quarter. Pathstone Holdings LLC's holdings in Eaton were worth $20,475,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. grew its holdings 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 period. Signal Advisors Wealth LLC grew its holdings in shares of Eaton by 3.5% during the 4th 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 during the period. Lantz Financial LLC grew its holdings in shares of Eaton by 4.8% during the 4th quarter. Lantz Financial LLC now owns 659 shares of the industrial products company's stock worth $219,000 after purchasing an additional 30 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of Eaton by 2.0% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,639 shares of the industrial products company's stock worth $544,000 after purchasing an additional 32 shares during the period. Finally, Norden Group LLC grew its holdings in shares of Eaton by 3.4% during the 4th quarter. Norden Group LLC now owns 978 shares of the industrial products company's stock worth $325,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Stock Up 0.8%

Shares of ETN traded up $2.58 during trading on Friday, reaching $329.40. The company's stock had a trading volume of 1,997,137 shares, compared to its average volume of 2,663,514. The company has a fifty day moving average of $287.40 and a two-hundred day moving average of $319.55. Eaton Co. plc has a twelve month low of $231.85 and a twelve month high of $379.99. The company has a market cap of $128.89 billion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 2.64 and a beta of 1.14. 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 (NYSE:ETN - Get Free Report) last announced its earnings results on Friday, May 2nd. The industrial products company reported $2.72 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $6.26 billion. During the same period in the prior year, the company posted $2.40 EPS. Eaton's quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given 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 is currently 41.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ETN shares. Evercore ISI decreased their target price on Eaton from $382.00 to $326.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada upped their price target on Eaton from $336.00 to $356.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Melius cut Eaton from a "buy" rating to a "hold" rating and set a $373.00 price target for the company. in a report on Tuesday, January 28th. Melius Research restated a "hold" rating and issued a $373.00 price target on shares of Eaton in a report on Tuesday, January 28th. Finally, Citigroup upped their price target on Eaton from $323.00 to $351.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $366.56.

Insider Activity at Eaton

In related news, insider Michael Yelton sold 2,120 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 3,382 shares of the company's stock, valued at approximately $1,004,014.34. This represents a 38.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Arnold sold 103,486 shares of the company's 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 sale, the insider now directly owns 490,208 shares in the company, valued at approximately $158,214,632. This represents a 17.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,660 shares of company stock valued at $49,622,894. Corporate insiders own 0.30% of the company's stock.

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.