Crux Wealth Advisors Acquires Shares of 6,822 Eaton Co. plc (NYSE:ETN)

Crux Wealth Advisors purchased a new stake in Eaton Co. plc (NYSE:ETN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,822 shares of the industrial products company's stock, valued at approximately $2,264,000. Eaton accounts for approximately 1.3% of Crux Wealth Advisors' holdings, making the stock its 26th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in ETN. Nicolet Bankshares Inc. boosted its holdings in shares of Eaton by 30.1% during the fourth quarter. Nicolet Bankshares Inc. now owns 5,857 shares of the industrial products company's stock worth $1,944,000 after acquiring an additional 1,354 shares during the period. Qtron Investments LLC grew its holdings in shares of Eaton by 28.1% during the 4th quarter. Qtron Investments LLC now owns 6,421 shares of the industrial products company's stock valued at $2,131,000 after purchasing an additional 1,410 shares during the last quarter. Ceeto Capital Group LLC increased its holdings in shares of Eaton by 56.4% during the fourth quarter. Ceeto Capital Group LLC now owns 2,773 shares of the industrial products company's stock worth $920,000 after buying an additional 1,000 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Eaton by 2.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 236,802 shares of the industrial products company's stock valued at $78,579,000 after purchasing an additional 6,124 shares during the last quarter. Finally, Petros Family Wealth LLC acquired a new stake in Eaton during the 4th quarter worth approximately $441,000. Institutional investors own 82.97% of the company's stock.

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Eaton Stock Performance

Shares of ETN traded down $0.80 during trading hours on Tuesday, reaching $277.03. 2,216,233 shares of the company traded hands, compared to its average volume of 2,621,164. The business has a fifty day moving average price of $288.60 and a 200-day moving average price of $326.82. 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 market capitalization of $108.53 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a 12-month low of $231.85 and a 12-month high of $379.99.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted $2.55 EPS. Equities analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Eaton's previous quarterly dividend of $0.94. This represents a $4.16 dividend on an annualized basis and a yield of 1.50%. Eaton's dividend payout ratio is 43.79%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ETN. Barclays lowered their price target on shares of Eaton from $315.00 to $306.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Citigroup decreased their price target on Eaton from $396.00 to $323.00 and set a "buy" rating for the company in a report on Monday. Jefferies Financial Group reduced their target price on Eaton from $390.00 to $335.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. StockNews.com upgraded shares of Eaton from a "hold" rating to a "buy" rating in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on Eaton from $350.00 to $289.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $350.22.

About Eaton

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.