Eaton Co. plc (NYSE:ETN) Shares Acquired by Dagco Inc.

Dagco Inc. grew its stake in Eaton Co. plc (NYSE:ETN - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,170 shares of the industrial products company's stock after purchasing an additional 1,000 shares during the quarter. Eaton makes up 1.0% of Dagco Inc.'s holdings, making the stock its 23rd biggest position. Dagco Inc.'s holdings in Eaton were worth $3,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. lifted its stake in Eaton by 0.9% during the fourth quarter. Wetzel Investment Advisors Inc. now owns 3,101 shares of the industrial products company's stock worth $1,029,000 after purchasing an additional 28 shares during the last quarter. Westmount Partners LLC lifted its holdings in shares of Eaton by 3.1% during the fourth quarter. Westmount Partners LLC now owns 985 shares of the industrial products company's stock worth $327,000 after purchasing an additional 30 shares during the period. Signal Advisors Wealth LLC raised its position in Eaton by 3.5% during the 4th quarter. Signal Advisors Wealth LLC now owns 896 shares of the industrial products company's stock worth $297,000 after buying an additional 30 shares during the last quarter. Lantz Financial LLC boosted its holdings in shares of Eaton by 4.8% in the fourth quarter. Lantz Financial LLC now owns 659 shares of the industrial products company's stock valued at $219,000 after acquiring an additional 30 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of Eaton by 2.0% during 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 during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Trading Down 0.4 %

Shares of NYSE:ETN traded down $1.01 during midday trading on Friday, reaching $268.15. The company's stock had a trading volume of 2,539,573 shares, compared to its average volume of 2,633,017. The business has a 50 day moving average price of $284.95 and a 200 day moving average price of $325.24. Eaton Co. plc has a 1 year low of $231.85 and a 1 year high of $379.99. The firm has a market cap of $105.05 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN - Get Free Report) last released its 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 period in the previous year, the firm earned $2.55 EPS. Research analysts forecast that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Increases Dividend

The company 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 was Monday, March 10th. This is a positive change from Eaton's previous quarterly dividend of $0.94. This represents a $4.16 annualized dividend and a yield of 1.55%. Eaton's dividend payout ratio is currently 43.79%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com upgraded Eaton from a "hold" rating to a "buy" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on Eaton from $350.00 to $289.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Melius Research reaffirmed a "hold" rating and set a $373.00 price target on shares of Eaton in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their price objective on shares of Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Barclays dropped their target price 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. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.