Aquatic Capital Management LLC Purchases Shares of 44,734 Eaton Co. plc (NYSE:ETN)

Aquatic Capital Management LLC acquired a new position in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 44,734 shares of the industrial products company's stock, valued at approximately $14,846,000.

A number of other large investors have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. raised its holdings in shares of Eaton by 0.9% in the 4th quarter. Wetzel Investment Advisors Inc. now owns 3,101 shares of the industrial products company's stock valued at $1,029,000 after purchasing an additional 28 shares in the last quarter. Westmount Partners LLC increased its holdings in Eaton by 3.1% in the fourth quarter. Westmount Partners LLC now owns 985 shares of the industrial products company's stock valued at $327,000 after buying an additional 30 shares during the last quarter. Signal Advisors Wealth LLC raised its stake in Eaton by 3.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 896 shares of the industrial products company's stock valued at $297,000 after buying an additional 30 shares in the last quarter. Lantz Financial LLC lifted its holdings in 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 buying an additional 30 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position 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 acquiring an additional 32 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ETN has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Eaton from $335.00 to $305.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. Citigroup reduced their price objective on shares of Eaton from $396.00 to $323.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Evercore ISI dropped their target price on shares of Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Melius cut shares of Eaton from a "buy" rating to a "hold" rating and set a $373.00 price target for the company. in a research report on Tuesday, January 28th. Finally, Melius Research reaffirmed a "hold" rating and set a $373.00 price objective on shares of Eaton in a report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $350.22.

Eaton Stock Up 0.7 %

Shares of Eaton stock opened at $288.91 on Friday. Eaton Co. plc has a one year low of $231.85 and a one year high of $379.99. The company has a market cap of $113.19 billion, a P/E ratio of 30.41, a PEG 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. The firm has a fifty day moving average of $281.54 and a two-hundred day moving average of $323.31.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results 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 net margin of 15.25% and a return on equity of 22.62%. During the same quarter in the previous year, the company earned $2.55 earnings per share. On average, analysts forecast that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, May 5th. Eaton's payout ratio is 43.79%.

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.

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