J. Safra Sarasin Holding AG Acquires 4,410 Shares of Eaton Co. plc (NYSE:ETN)

J. Safra Sarasin Holding AG grew its position in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 77.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,083 shares of the industrial products company's stock after purchasing an additional 4,410 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Eaton were worth $3,346,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on ETN. Jefferies Financial Group lowered their price target on shares of Eaton from $390.00 to $335.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Royal Bank of Canada lowered their target price 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. Wells Fargo & Company decreased their price objective on shares of Eaton from $335.00 to $305.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Melius Research restated a "hold" rating and issued a $373.00 price objective on shares of Eaton in a research report on Tuesday, January 28th. Finally, Citigroup decreased their price target on Eaton from $396.00 to $323.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $350.22.

Eaton Trading Up 0.7 %

Shares of Eaton stock traded up $1.89 on Friday, reaching $288.91. 2,177,225 shares of the company were exchanged, compared to its average volume of 2,628,252. Eaton Co. plc has a fifty-two week low of $231.85 and a fifty-two week high of $379.99. The firm has a market capitalization of $113.19 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $282.03 and a 200-day moving average price of $323.63.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (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 in the prior year, the company posted $2.55 earnings per share. On average, analysts expect that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, May 5th. Eaton's 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.