Whittier Trust Co. of Nevada Inc. Purchases 2,964 Shares of Eaton Co. plc (NYSE:ETN)

Whittier Trust Co. of Nevada Inc. boosted its position in Eaton Co. plc (NYSE:ETN - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,964 shares of the industrial products company's stock after acquiring an additional 2,964 shares during the period. Eaton accounts for about 0.9% of Whittier Trust Co. of Nevada Inc.'s holdings, making the stock its 19th biggest position. Whittier Trust Co. of Nevada Inc.'s holdings in Eaton were worth $35,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Douglass Winthrop Advisors LLC grew its stake in Eaton by 19.2% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 3,015 shares of the industrial products company's stock valued at $1,001,000 after acquiring an additional 485 shares in the last quarter. Holderness Investments Co. increased its holdings in shares of Eaton by 1.8% during the fourth quarter. Holderness Investments Co. now owns 12,911 shares of the industrial products company's stock valued at $4,285,000 after acquiring an additional 230 shares in the last quarter. HUB Investment Partners LLC increased its holdings in Eaton by 40.9% in the 4th quarter. HUB Investment Partners LLC now owns 2,012 shares of the industrial products company's stock worth $668,000 after buying an additional 584 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Eaton by 0.4% during the 4th quarter. Whittier Trust Co. now owns 253,733 shares of the industrial products company's stock valued at $84,203,000 after purchasing an additional 1,011 shares during the period. Finally, Northwest & Ethical Investments L.P. raised its stake in shares of Eaton by 57.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 21,571 shares of the industrial products company's stock worth $7,159,000 after buying an additional 7,907 shares during the period. 82.97% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Eaton from $350.00 to $348.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Melius lowered Eaton from a "buy" rating to a "hold" rating and set a $373.00 target price on the stock. in a research note on Tuesday, January 28th. Barclays dropped their target price on shares of Eaton from $353.00 to $325.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company cut their price target on Eaton from $335.00 to $305.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their price objective on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $357.68.

Eaton Stock Down 0.9 %

Shares of NYSE:ETN traded down $2.73 during trading on Tuesday, reaching $300.11. 3,393,961 shares of the stock were exchanged, compared to its average volume of 2,406,297. 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 fifty day moving average of $310.56 and a two-hundred day moving average of $331.79. Eaton Co. plc has a 1-year low of $255.65 and a 1-year high of $379.99. The firm has a market cap of $117.57 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same quarter last year, the business earned $2.55 earnings per share. Research analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a $1.04 dividend. The ex-dividend date is Monday, March 10th. This is a boost from Eaton's previous quarterly dividend of $0.94. This represents a $4.16 annualized dividend and a dividend yield of 1.39%. Eaton's dividend payout ratio (DPR) is presently 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.