2,126 Shares in Eaton Co. plc (NYSE:ETN) Acquired by Arvest Bank Trust Division

Arvest Bank Trust Division acquired a new stake in Eaton Co. plc (NYSE:ETN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,126 shares of the industrial products company's stock, valued at approximately $706,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wetzel Investment Advisors Inc. boosted 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 grew its holdings in Eaton by 3.1% during the 4th quarter. Westmount Partners LLC now owns 985 shares of the industrial products company's stock worth $327,000 after acquiring an additional 30 shares during the period. Signal Advisors Wealth LLC lifted 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 during the period. Lantz Financial LLC boosted its position in shares of 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 purchasing an additional 30 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in Eaton by 2.0% in the fourth 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. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

ETN has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Eaton from $405.00 to $376.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Melius lowered Eaton from a "buy" rating to a "hold" rating and set a $373.00 target price for the company. in a research report on Tuesday, January 28th. Wells Fargo & Company lowered their target price on Eaton from $335.00 to $305.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. Evercore ISI decreased their price objective 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, 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 given a buy rating to the company's stock. According to MarketBeat, Eaton currently has an average rating of "Moderate Buy" and a consensus target price of $350.22.

Eaton Trading Up 2.6 %

NYSE:ETN traded up $6.85 during midday trading on Tuesday, reaching $266.32. 536,369 shares of the stock traded hands, compared to its average volume of 2,624,073. 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 stock has a market capitalization of $104.34 billion, a P/E ratio of 28.08, a PEG 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. The company has a fifty day moving average of $283.94 and a 200 day moving average of $324.69.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 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 period last year, the firm posted $2.55 earnings per share. On average, research analysts predict that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.56%. Eaton's dividend payout ratio is currently 43.79%.

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.