Edmond DE Rothschild Holding S.A. Increases Position in Eaton Co. plc (NYSE:ETN)

Edmond DE Rothschild Holding S.A. lifted its position in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 364.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,508 shares of the industrial products company's stock after purchasing an additional 1,968 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Eaton were worth $832,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ETN. Flagship Wealth Advisors LLC purchased a new position in Eaton during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in shares of Eaton during the 4th quarter worth approximately $30,000. Groupama Asset Managment lifted its position in shares of Eaton by 83.2% during the 3rd quarter. Groupama Asset Managment now owns 9,463 shares of the industrial products company's stock valued at $31,000 after buying an additional 4,298 shares in the last quarter. Horizon Bancorp Inc. IN grew its stake in Eaton by 321.7% in 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 period. Finally, Morse Asset Management Inc purchased a new stake in Eaton in the 3rd quarter worth $33,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ETN shares. Royal Bank of Canada decreased their price objective on shares of Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Barclays lowered their price objective on Eaton from $325.00 to $315.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their target price on Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Evercore ISI decreased their target price on Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Finally, KeyCorp upgraded Eaton from a "sector weight" rating to an "overweight" rating and set a $340.00 price target for the company in a research report on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $357.16.

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Eaton Trading Down 8.1 %

NYSE:ETN traded down $23.10 on Thursday, hitting $260.74. The stock had a trading volume of 5,551,734 shares, compared to its average volume of 2,562,072. The company has a fifty day moving average price of $298.88 and a two-hundred day moving average price of $330.42. The stock has a market cap of $102.15 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.64 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. Eaton Co. plc has a 1-year low of $255.65 and a 1-year high of $379.99.

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 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 earned $2.55 earnings per share. Equities research analysts expect that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a $1.04 dividend. This is a positive change from Eaton's previous quarterly dividend of $0.94. This represents a $4.16 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Monday, March 10th. Eaton's payout ratio is 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.