Eaton Co. plc (NYSE:ETN) Stock Holdings Boosted by Scientech Research LLC

Scientech Research LLC boosted its position in Eaton Co. plc (NYSE:ETN - Free Report) by 202.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,435 shares of the industrial products company's stock after acquiring an additional 2,299 shares during the quarter. Scientech Research LLC's holdings in Eaton were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETN. Regent Peak Wealth Advisors LLC acquired a new position in Eaton in the fourth quarter valued at $532,000. Brookstone Capital Management lifted its stake in shares of Eaton by 2.0% during the fourth quarter. Brookstone Capital Management now owns 2,820 shares of the industrial products company's stock worth $936,000 after purchasing an additional 54 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Eaton during the fourth quarter worth about $332,000. Kathmere Capital Management LLC lifted its stake in shares of Eaton by 8.7% during the fourth quarter. Kathmere Capital Management LLC now owns 1,089 shares of the industrial products company's stock worth $361,000 after purchasing an additional 87 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Eaton by 19.8% during the fourth quarter. Park Avenue Securities LLC now owns 13,520 shares of the industrial products company's stock worth $4,487,000 after purchasing an additional 2,231 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Stock Performance

ETN stock traded down $1.33 during midday trading on Tuesday, reaching $327.96. The company had a trading volume of 1,654,467 shares, compared to its average volume of 2,661,322. 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 stock has a 50 day moving average price of $288.15 and a 200 day moving average price of $319.43. Eaton Co. plc has a fifty-two week low of $231.85 and a fifty-two week high of $379.99. The firm has a market capitalization of $128.33 billion, a PE ratio of 34.52, a P/E/G ratio of 2.64 and a beta of 1.14.

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

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a $1.04 dividend. The ex-dividend date is Monday, May 5th. This represents a $4.16 dividend on an annualized basis and a yield of 1.27%. Eaton's payout ratio is currently 41.98%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ETN. Melius cut Eaton from a "buy" rating to a "hold" rating and set a $373.00 price objective on the stock. in a research note on Tuesday, January 28th. Jefferies Financial Group reduced their price objective on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. BNP Paribas Exane started coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target on the stock. BNP Paribas started coverage on Eaton in a research note on Thursday, May 15th. They issued an "outperform" rating and a $380.00 price target on the stock. Finally, KeyCorp boosted their price target on Eaton from $325.00 to $355.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Eaton presently has an average rating of "Moderate Buy" and an average price target of $367.83.

Insider Transactions at Eaton

In other news, insider Craig Arnold sold 51,054 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $305.43, for a total transaction of $15,593,423.22. Following the completion of the transaction, the insider now directly owns 489,444 shares in the company, valued at approximately $149,490,880.92. The trade was a 9.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Yelton sold 2,120 shares of the business'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 value of $629,364.40. Following the transaction, the insider now owns 3,382 shares of the company's stock, valued at approximately $1,004,014.34. This represents a 38.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 156,660 shares of company stock worth $49,622,894. 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.