Capital International Inc. CA Increases Stock Holdings in Eaton Co. plc (NYSE:ETN)

Capital International Inc. CA lifted its position in Eaton Co. plc (NYSE:ETN - Free Report) by 51.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,241 shares of the industrial products company's stock after buying an additional 3,842 shares during the period. Capital International Inc. CA's holdings in Eaton were worth $3,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ETN. Flagship Wealth Advisors LLC bought a new position in shares of Eaton during the fourth quarter valued at $27,000. Noble Wealth Management PBC bought a new position in Eaton during the 4th quarter valued at about $30,000. Horizon Bancorp Inc. IN boosted its holdings in shares of Eaton by 321.7% during the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Eaton in the third quarter worth approximately $33,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Eaton during the fourth quarter valued at approximately $33,000. Institutional investors own 82.97% of the company's stock.

Eaton Stock Up 0.7 %

ETN stock traded up $1.89 during trading on Friday, hitting $288.91. 2,177,026 shares of the company's stock traded hands, compared to its average volume of 3,717,576. The business has a fifty day simple moving average of $282.03 and a two-hundred day simple moving average of $323.63. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $113.19 billion, a P/E ratio of 30.41, a PEG ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a 1 year low of $231.85 and a 1 year 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 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 period last year, the business posted $2.55 earnings per share. Sell-side analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, May 5th. Eaton's dividend payout ratio is currently 43.79%.

Analyst Ratings Changes

ETN has been the subject of a number of research reports. StockNews.com lowered shares of Eaton from a "buy" rating to a "hold" rating in a research note on Tuesday. Jefferies Financial Group lowered their target price on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price target on Eaton from $350.00 to $289.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. KeyCorp reduced their target price on shares of Eaton from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Melius downgraded Eaton from a "buy" rating to a "hold" rating and set a $373.00 price objective on the stock. in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Eaton presently has an average 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.