Eaton Co. plc (NYSE:ETN) Stock Holdings Cut by Dnca Finance

Dnca Finance lowered its holdings in Eaton Co. plc (NYSE:ETN - Free Report) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,000 shares of the industrial products company's stock after selling 1,713 shares during the period. Dnca Finance's holdings in Eaton were worth $8,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wetzel Investment Advisors Inc. increased its stake in Eaton by 0.9% during the 4th quarter. Wetzel Investment Advisors Inc. now owns 3,101 shares of the industrial products company's stock worth $1,029,000 after buying an additional 28 shares during the period. Westmount Partners LLC increased its position in shares of Eaton by 3.1% during the fourth quarter. Westmount Partners LLC now owns 985 shares of the industrial products company's stock worth $327,000 after acquiring an additional 30 shares during the last quarter. Signal Advisors Wealth LLC increased its position in shares of Eaton by 3.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 896 shares of the industrial products company's stock worth $297,000 after acquiring an additional 30 shares during the last quarter. Lantz Financial LLC boosted its holdings in Eaton by 4.8% in the fourth quarter. Lantz Financial LLC now owns 659 shares of the industrial products company's stock valued at $219,000 after purchasing an additional 30 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in Eaton by 2.0% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,639 shares of the industrial products company's stock valued at $544,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup cut their target price on Eaton from $396.00 to $323.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price target on shares of Eaton from $350.00 to $289.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays decreased their price objective on shares of Eaton from $315.00 to $306.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Melius Research restated a "hold" rating and issued a $373.00 target price on shares of Eaton in a research note on Tuesday, January 28th. Finally, Melius downgraded Eaton from a "buy" rating to a "hold" rating and set a $373.00 price target for the company. in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $350.22.

Eaton Stock Performance

Shares of ETN stock traded up $8.81 during trading hours on Wednesday, reaching $275.72. The stock had a trading volume of 3,148,776 shares, compared to its average volume of 2,633,748. Eaton Co. plc has a twelve month low of $231.85 and a twelve month high of $379.99. 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 firm has a market capitalization of $108.02 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The firm has a 50-day simple moving average of $283.13 and a 200-day simple moving average of $324.29.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. As a group, equities analysts forecast that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a $1.04 dividend. The ex-dividend date is Monday, May 5th. This represents a $4.16 dividend on an annualized basis and a yield of 1.51%. Eaton's dividend payout ratio 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.