Mn Services Vermogensbeheer B.V. Has $49.51 Million Holdings in Eaton Co. plc (NYSE:ETN)

Mn Services Vermogensbeheer B.V. lessened its position in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 2.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 157,914 shares of the industrial products company's stock after selling 3,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Eaton were worth $49,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETN. Tennessee Valley Asset Management Partners acquired a new stake in Eaton during the 4th quarter valued at approximately $25,000. J.W. Cole Advisors Inc. grew its position in shares of Eaton by 5.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,741 shares of the industrial products company's stock worth $419,000 after buying an additional 93 shares during the period. CWM LLC grew its position in shares of Eaton by 2.3% during the 4th quarter. CWM LLC now owns 12,528 shares of the industrial products company's stock worth $3,017,000 after buying an additional 278 shares during the period. RWA Wealth Partners LLC grew its position in shares of Eaton by 34.9% during the 4th quarter. RWA Wealth Partners LLC now owns 13,110 shares of the industrial products company's stock worth $3,157,000 after buying an additional 3,393 shares during the period. Finally, Schnieders Capital Management LLC acquired a new stake in shares of Eaton during the 4th quarter worth approximately $225,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Activity at Eaton

In other Eaton news, insider Taras G. Jr. Szmagala sold 335 shares of Eaton stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $288.72, for a total transaction of $96,721.20. Following the completion of the transaction, the insider now owns 9,900 shares of the company's stock, valued at approximately $2,858,328. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Eaton news, insider Taras G. Jr. Szmagala sold 335 shares of Eaton stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $288.72, for a total transaction of $96,721.20. Following the completion of the transaction, the insider now owns 9,900 shares of the company's stock, valued at approximately $2,858,328. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heath B. Monesmith sold 49,040 shares of Eaton stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $301.02, for a total value of $14,762,020.80. Following the transaction, the insider now directly owns 71,262 shares of the company's stock, valued at approximately $21,451,287.24. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Eaton Stock Performance

Eaton stock traded up $2.31 during midday trading on Friday, reaching $300.00. The stock had a trading volume of 1,950,652 shares, compared to its average volume of 2,173,366. Eaton Co. plc has a 12 month low of $191.82 and a 12 month high of $345.19. The firm's 50-day moving average price is $307.69 and its 200 day moving average price is $309.79. The firm has a market capitalization of $119.94 billion, a PE ratio of 35.42, a P/E/G ratio of 2.47 and a beta of 1.02. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.44.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $2.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.61 by $0.12. Eaton had a return on equity of 21.45% and a net margin of 15.12%. The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.35 billion. As a group, research analysts predict that Eaton Co. plc will post 10.66 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Monday, August 5th. Eaton's dividend payout ratio is currently 44.39%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ETN. Raymond James began coverage on Eaton in a research note on Friday, June 28th. They set an "outperform" rating and a $375.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Eaton from $279.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Wells Fargo & Company dropped their price objective on Eaton from $320.00 to $315.00 and set an "equal weight" rating on the stock in a research note on Friday, August 2nd. HSBC raised their price objective on Eaton from $240.00 to $280.00 and gave the company a "hold" rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada dropped their price objective on Eaton from $376.00 to $371.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $328.00.

About Eaton

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.

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