Dimensional Fund Advisors LP Has $447.34 Million Holdings in Eaton Co. plc (NYSE:ETN)

Dimensional Fund Advisors LP reduced its position in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,347,860 shares of the industrial products company's stock after selling 25,566 shares during the period. Dimensional Fund Advisors LP owned 0.34% of Eaton worth $447,337,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ETN. Vanguard Group Inc. increased its position in shares of Eaton by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 37,217,906 shares of the industrial products company's stock worth $12,351,506,000 after purchasing an additional 99,291 shares during the last quarter. FMR LLC increased its holdings in Eaton by 1.2% during the 4th quarter. FMR LLC now owns 15,222,248 shares of the industrial products company's stock worth $5,051,807,000 after purchasing an additional 182,455 shares during the period. Geode Capital Management LLC raised its holdings in Eaton by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 8,198,412 shares of the industrial products company's stock valued at $2,714,677,000 after acquiring an additional 129,071 shares in the last quarter. Norges Bank purchased a new stake in Eaton during the 4th quarter worth about $1,495,582,000. Finally, Franklin Resources Inc. lifted its stake in Eaton by 13.3% during the fourth quarter. Franklin Resources Inc. now owns 2,744,691 shares of the industrial products company's stock worth $910,881,000 after purchasing an additional 323,065 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Stock Performance

ETN traded up $8.81 during trading hours on Wednesday, hitting $275.72. 3,148,784 shares of the stock were exchanged, compared to its average volume of 2,633,159. 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 50-day simple moving average of $283.13 and a 200-day simple moving average of $324.29. The stock has a market cap of $108.02 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth 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 released its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the business posted $2.55 EPS. Analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, May 5th. This represents a $4.16 annualized dividend and a dividend yield of 1.51%. Eaton's dividend payout ratio (DPR) is presently 43.79%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ETN shares. Royal Bank of Canada lowered their target price on shares of Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Melius cut Eaton from a "buy" rating to a "hold" rating and set a $373.00 price target on the stock. in a research report on Tuesday, January 28th. Barclays cut their price objective on shares of Eaton from $315.00 to $306.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Melius Research reissued a "hold" rating and set a $373.00 target price on shares of Eaton in a research note on Tuesday, January 28th. Finally, KeyCorp reduced their price objective on Eaton from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Eaton currently has an average rating of "Moderate Buy" and a consensus target price of $350.22.

Eaton 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.