Eaton Co. plc (NYSE:ETN) Shares Bought by Mariner LLC

Mariner LLC grew its position in Eaton Co. plc (NYSE:ETN - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 340,747 shares of the industrial products company's stock after buying an additional 13,715 shares during the period. Mariner LLC owned 0.09% of Eaton worth $113,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETN. Flagship Wealth Advisors LLC purchased a new position in shares of Eaton in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in Eaton in the 4th quarter worth $30,000. Horizon Bancorp Inc. IN lifted its position in Eaton by 321.7% during the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company's stock worth $32,000 after acquiring an additional 74 shares during the period. Morse Asset Management Inc purchased a new stake in Eaton during the 3rd quarter valued at about $33,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Eaton in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Melius Research reiterated a "hold" rating and issued a $373.00 target price on shares of Eaton in a research report on Tuesday, January 28th. Jefferies Financial Group dropped their price objective on shares of Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Melius downgraded shares of Eaton from a "buy" rating to a "hold" rating and set a $373.00 target price for the company. in a research report on Tuesday, January 28th. StockNews.com raised Eaton from a "hold" rating to a "buy" rating in a research report on Monday, April 14th. Finally, Royal Bank of Canada decreased their price objective on Eaton from $405.00 to $376.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $350.22.

Eaton Stock Down 0.4 %

Shares of NYSE:ETN traded down $1.01 during trading on Friday, hitting $268.15. The company's stock had a trading volume of 2,539,573 shares, compared to its average volume of 2,633,017. The company has a market capitalization of $105.05 billion, a PE ratio of 28.23, a P/E/G ratio of 2.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. Eaton Co. plc has a fifty-two week low of $231.85 and a fifty-two week high of $379.99. The business has a 50 day moving average price of $284.95 and a two-hundred day moving average price of $325.24.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results 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 quarter in the prior year, the business posted $2.55 EPS. As a group, research analysts expect that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were given a dividend of $1.04 per share. This is a boost from Eaton's previous quarterly dividend of $0.94. This represents a $4.16 annualized dividend and a dividend yield of 1.55%. 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.