Two Sigma Securities LLC Has $257,000 Position in Eaton Co. plc (NYSE:ETN)

Two Sigma Securities LLC reduced its position in Eaton Co. plc (NYSE:ETN - Free Report) by 88.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 773 shares of the industrial products company's stock after selling 6,127 shares during the quarter. Two Sigma Securities LLC's holdings in Eaton were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ETN. Flagship Wealth Advisors LLC bought a new stake in Eaton in the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in Eaton in the fourth quarter worth approximately $30,000. Horizon Bancorp Inc. IN increased its position in shares of 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 purchasing an additional 74 shares during the period. Morse Asset Management Inc bought a new stake in shares of Eaton in the 3rd quarter worth $33,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Eaton in the fourth quarter valued at $33,000. 82.97% of the stock is currently owned by institutional investors.

Eaton Stock Down 0.7 %

NYSE:ETN traded down $2.08 during mid-day trading on Friday, reaching $299.58. The stock had a trading volume of 5,931,677 shares, compared to its average volume of 2,636,192. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The stock has a market cap of $117.37 billion, a P/E ratio of 31.53, a PEG ratio of 2.64 and a beta of 1.09. The business's 50 day moving average is $281.21 and its 200 day moving average is $321.62. Eaton Co. plc has a fifty-two week low of $231.85 and a fifty-two week 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, topping the consensus estimate of $2.70 by $0.02. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.26 billion. Eaton had a return on equity of 22.62% and a net margin of 15.25%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.40 EPS. As a group, sell-side analysts predict that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.39%. Eaton's payout ratio is 43.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup cut their price target on shares of Eaton from $396.00 to $323.00 and set a "buy" rating for the company in a report on Monday, April 14th. KeyCorp decreased their price target on shares of Eaton from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays cut their price objective on Eaton from $315.00 to $306.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Jefferies Financial Group decreased their target price on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, StockNews.com upgraded Eaton from a "hold" rating to a "buy" rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $354.63.

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.