Eaton Co. plc (NYSE:ETN) Stock Holdings Lifted by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC increased its stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,879 shares of the industrial products company's stock after purchasing an additional 2,222 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Eaton were worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its position in Eaton by 48.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 41,106 shares of the industrial products company's stock worth $13,533,000 after acquiring an additional 13,497 shares during the last quarter. Interval Partners LP boosted its holdings in shares of Eaton by 82.7% during the second quarter. Interval Partners LP now owns 151,716 shares of the industrial products company's stock worth $47,571,000 after purchasing an additional 68,693 shares during the last quarter. Scientech Research LLC grew its position in shares of Eaton by 285.5% in the second quarter. Scientech Research LLC now owns 5,744 shares of the industrial products company's stock valued at $1,801,000 after purchasing an additional 4,254 shares during the period. Neville Rodie & Shaw Inc. increased its stake in Eaton by 6.8% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 38,386 shares of the industrial products company's stock valued at $12,739,000 after purchasing an additional 2,428 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Eaton during the third quarter worth about $1,160,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Stock Up 0.8 %

NYSE:ETN traded up $2.67 during trading hours on Wednesday, hitting $342.81. The stock had a trading volume of 2,401,746 shares, compared to its average volume of 2,377,813. The business has a 50 day simple moving average of $355.38 and a two-hundred day simple moving average of $329.33. Eaton Co. plc has a 1-year low of $236.04 and a 1-year high of $379.99. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The company has a market cap of $135.48 billion, a PE ratio of 36.47, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06.

Eaton (NYSE:ETN - Get Free Report) last released 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 firm 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 previous year, the firm posted $2.47 EPS. Analysts predict that Eaton Co. plc will post 10.8 EPS for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $3.76 dividend on an annualized basis and a yield of 1.10%. Eaton's dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

Several research firms have commented on ETN. Royal Bank of Canada lifted their price target on Eaton from $374.00 to $392.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Mizuho upped their price target on shares of Eaton from $365.00 to $385.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Jefferies Financial Group increased their price target on shares of Eaton from $400.00 to $440.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. dropped their price objective on Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Barclays lifted their target price on Eaton from $320.00 to $353.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $368.89.

Insiders Place Their Bets

In related news, Director Gregory R. Page sold 4,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $335.30, for a total value of $1,341,200.00. Following the completion of the sale, the director now directly owns 51,422 shares of the company's stock, valued at $17,241,796.60. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Arnold sold 61,569 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $360.97, for a total value of $22,224,561.93. Following the sale, the insider now owns 506,360 shares in the company, valued at $182,780,769.20. The trade was a 10.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,981 shares of company stock worth $27,660,117 in the last three months. 0.53% of the stock is owned by insiders.

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.