Natixis Advisors LLC Has $222.70 Million Stake in Eaton Co. plc (NYSE:ETN)

Natixis Advisors LLC lifted its stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 24.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 671,928 shares of the industrial products company's stock after buying an additional 132,245 shares during the period. Natixis Advisors LLC owned approximately 0.17% of Eaton worth $222,704,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IAM Advisory LLC purchased a new stake in Eaton in the 2nd quarter worth $599,000. Interval Partners LP raised its holdings in shares of Eaton by 82.7% during the 2nd quarter. Interval Partners LP now owns 151,716 shares of the industrial products company's stock worth $47,571,000 after acquiring an additional 68,693 shares during the period. Scientech Research LLC grew its stake in shares of Eaton by 285.5% in the 2nd quarter. Scientech Research LLC now owns 5,744 shares of the industrial products company's stock valued at $1,801,000 after buying an additional 4,254 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Eaton by 25.9% in the second quarter. B. Riley Wealth Advisors Inc. now owns 27,609 shares of the industrial products company's stock valued at $8,657,000 after purchasing an additional 5,676 shares during the period. Finally, Leavell Investment Management Inc. increased its position in shares of Eaton by 67.6% during the second quarter. Leavell Investment Management Inc. now owns 8,556 shares of the industrial products company's stock valued at $2,683,000 after acquiring an additional 3,452 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ETN shares. Evercore ISI lowered shares of Eaton from an "outperform" rating to an "inline" rating and raised their price objective for the company from $333.00 to $389.00 in a research note on Wednesday. UBS Group assumed coverage on shares of Eaton in a research note on Wednesday. They issued a "buy" rating and a $431.00 price objective for the company. Barclays lowered their price target on Eaton from $327.00 to $320.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Citigroup assumed coverage on shares of Eaton in a research note on Monday, September 16th. They issued a "buy" rating and a $348.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Eaton in a report on Friday, September 6th. They issued an "overweight" rating and a $370.00 price objective on the stock. Four investment 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 presently has an average rating of "Moderate Buy" and a consensus price target of $357.83.

Insider Buying and Selling at Eaton

In other Eaton news, Director Karenann K. Terrell acquired 500 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $298.97 per share, for a total transaction of $149,485.00. Following the transaction, the director now owns 500 shares of the company's stock, valued at $149,485. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dorothy C. Thompson bought 2,205 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $300.30 per share, for a total transaction of $662,161.50. Following the completion of the acquisition, the director now directly owns 2,205 shares in the company, valued at approximately $662,161.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 68,705 shares of company stock valued at $24,516,346. Corporate insiders own 0.53% of the company's stock.

Eaton Price Performance

NYSE:ETN traded down $2.87 on Friday, reaching $358.99. The stock had a trading volume of 2,232,026 shares, compared to its average volume of 2,112,767. The company has a market capitalization of $141.87 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.96 and a beta of 1.01. The stock has a fifty day moving average price of $335.82 and a 200-day moving average price of $321.35. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.45. Eaton Co. plc has a 1-year low of $224.52 and a 1-year high of $373.49.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.37 billion. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 EPS. Research analysts forecast that Eaton Co. plc will post 10.79 EPS for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Monday, November 4th. Eaton's dividend payout ratio is currently 40.00%.

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.