Three Seasons Wealth LLC Purchases Shares of 1,737 Eaton Co. plc (NYSE:ETN)

Three Seasons Wealth LLC acquired a new position in Eaton Co. plc (NYSE:ETN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,737 shares of the industrial products company's stock, valued at approximately $576,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Eaton during the 4th quarter valued at $1,495,582,000. Capital International Investors purchased a new position in Eaton during the 4th quarter valued at $523,541,000. Proficio Capital Partners LLC boosted its holdings in Eaton by 42,255.3% during the 4th quarter. Proficio Capital Partners LLC now owns 732,323 shares of the industrial products company's stock valued at $243,036,000 after acquiring an additional 730,594 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Eaton by 390.7% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 539,673 shares of the industrial products company's stock valued at $193,421,000 after acquiring an additional 429,701 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Eaton by 3,508.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 401,728 shares of the industrial products company's stock valued at $133,321,000 after acquiring an additional 390,595 shares during the period. Institutional investors own 82.97% of the company's stock.

Eaton Stock Down 0.4 %

NYSE:ETN traded down $1.08 during mid-day trading on Wednesday, hitting $289.61. 973,976 shares of the company's stock traded hands, compared to its average volume of 2,620,275. The company has a fifty day moving average of $280.76 and a 200 day moving average of $322.52. Eaton Co. plc has a twelve month low of $231.85 and a twelve month high of $379.99. The company has a market capitalization of $113.46 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating 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 last year, the company posted $2.55 EPS. On average, analysts forecast that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid 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 yield of 1.44%. Eaton's payout ratio is presently 43.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Melius cut Eaton from a "buy" rating to a "hold" rating and set a $373.00 price objective for the company. in a report on Tuesday, January 28th. KeyCorp lowered their target price on Eaton from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on Eaton from $335.00 to $305.00 and set an "equal weight" rating for the company in a report on Wednesday, March 5th. Evercore ISI lowered 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. Finally, Royal Bank of Canada lowered their target price on Eaton from $405.00 to $376.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Eaton presently has an average rating of "Moderate Buy" and a consensus target price of $350.22.

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.