Aviso Wealth Management Acquires 5,927 Shares of Eaton Co. plc (NYSE:ETN)

Aviso Wealth Management grew its stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 755.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,712 shares of the industrial products company's stock after buying an additional 5,927 shares during the period. Eaton accounts for 1.2% of Aviso Wealth Management's portfolio, making the stock its 17th biggest holding. Aviso Wealth Management's holdings in Eaton were worth $2,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Breakwater Investment Management increased its position in shares of Eaton by 1,560.0% during the 2nd quarter. Breakwater Investment Management now owns 83 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 78 shares during the last quarter. Proffitt & Goodson Inc. acquired a new position in Eaton during the 2nd quarter valued at about $29,000. LGT Financial Advisors LLC acquired a new position in shares of Eaton in the second quarter valued at about $33,000. West Financial Advisors LLC acquired a new position in shares of Eaton in the third quarter valued at about $35,000. Finally, DT Investment Partners LLC acquired a new position in shares of Eaton in the third quarter valued at about $37,000. Institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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. Mizuho increased their price target on Eaton from $365.00 to $385.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Bank of America increased their price target on Eaton from $350.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Barclays decreased their target price on Eaton from $327.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Finally, Citigroup started coverage on Eaton in a research report on Monday, September 16th. They issued a "buy" rating and a $348.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $357.83.

Insider Transactions at Eaton

In related news, Director Karenann K. Terrell purchased 500 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $298.97 per share, for a total transaction of $149,485.00. Following the purchase, the director now owns 500 shares in the company, valued at $149,485. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Yelton sold 3,136 shares of Eaton stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $303.12, for a total transaction of $950,584.32. Following the completion of the transaction, the insider now directly owns 3,914 shares in the company, valued at approximately $1,186,411.68. This represents a 44.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,705 shares of company stock valued at $24,516,346 over the last three months. Company insiders own 0.53% of the company's stock.

Eaton Trading Down 0.3 %

Eaton stock traded down $1.24 during trading on Monday, reaching $357.75. The company had a trading volume of 970,599 shares, compared to its average volume of 2,107,646. The firm has a market capitalization of $141.38 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53. The stock's 50 day moving average price is $335.82 and its two-hundred day moving average price is $321.44. Eaton Co. plc has a 12-month low of $224.52 and a 12-month high of $373.49.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.80 by $0.04. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the firm posted $2.47 earnings per share. Eaton's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Eaton Co. plc will post 10.79 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 4th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.05%. Eaton's dividend payout ratio (DPR) is 40.00%.

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.