Privium Fund Management UK Ltd Buys New Shares in Eaton Co. plc (NYSE:ETN)

Privium Fund Management UK Ltd purchased a new position in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,816 shares of the industrial products company's stock, valued at approximately $1,195,000.

Other large investors have also modified their holdings of the company. Legacy Capital Group California Inc. grew its stake in Eaton by 1.2% during the 2nd quarter. Legacy Capital Group California Inc. now owns 2,776 shares of the industrial products company's stock valued at $870,000 after purchasing an additional 32 shares in the last quarter. Well Done LLC grew its position in shares of Eaton by 1.3% in the 2nd quarter. Well Done LLC now owns 2,551 shares of the industrial products company's stock worth $800,000 after acquiring an additional 33 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Eaton by 1.7% in the 1st quarter. Verdence Capital Advisors LLC now owns 2,059 shares of the industrial products company's stock worth $644,000 after acquiring an additional 34 shares in the last quarter. Fragasso Group Inc. grew its position in shares of Eaton by 3.6% in the 1st quarter. Fragasso Group Inc. now owns 1,032 shares of the industrial products company's stock worth $323,000 after acquiring an additional 36 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in shares of Eaton by 5.6% in the 1st quarter. Valley National Advisers Inc. now owns 682 shares of the industrial products company's stock worth $213,000 after acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In other news, insider Taras G. Jr. Szmagala sold 335 shares of Eaton stock in a transaction on Monday, August 12th. The stock was sold at an average price of $288.72, for a total transaction of $96,721.20. Following the transaction, the insider now owns 9,900 shares in the company, valued at $2,858,328. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Eaton news, insider Taras G. Jr. Szmagala sold 335 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $288.72, for a total value of $96,721.20. Following the transaction, the insider now owns 9,900 shares in the company, valued at $2,858,328. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Yelton sold 3,136 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $303.12, for a total value of $950,584.32. Following the completion of the transaction, the insider now owns 3,914 shares in the company, valued at approximately $1,186,411.68. The disclosure for this sale can be found here. Insiders have sold 52,511 shares of company stock worth $15,809,326 in the last three months. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada decreased their target price on Eaton from $376.00 to $371.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Jefferies Financial Group lifted their target price on Eaton from $370.00 to $385.00 and gave the stock a "buy" rating in a research report on Thursday, July 11th. Raymond James started coverage on Eaton in a research report on Friday, June 28th. They issued an "outperform" rating and a $375.00 target price for the company. Evercore ISI cut their price target on Eaton from $357.00 to $333.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Finally, Barclays raised their price target on Eaton from $318.00 to $319.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and an average price target of $328.00.

Eaton Price Performance

Shares of ETN traded down $17.20 during midday trading on Tuesday, reaching $289.73. The stock had a trading volume of 3,023,438 shares, compared to its average volume of 2,174,256. Eaton Co. plc has a 52 week low of $191.82 and a 52 week high of $345.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.56 and a quick ratio of 1.07. The firm's 50 day moving average price is $304.15 and its 200-day moving average price is $311.21. The company has a market capitalization of $115.83 billion, a P/E ratio of 34.21, a P/E/G ratio of 2.35 and a beta of 1.02.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.61 by $0.12. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.35 billion. Eaton had a return on equity of 21.45% and a net margin of 15.12%. On average, analysts forecast that Eaton Co. plc will post 10.74 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Monday, August 5th. Eaton's payout ratio is 44.39%.

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.