O Shaughnessy Asset Management LLC Acquires 4,123 Shares of Eaton Co. plc (NYSE:ETN)

O Shaughnessy Asset Management LLC raised its holdings in Eaton Co. plc (NYSE:ETN - Free Report) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,369 shares of the industrial products company's stock after buying an additional 4,123 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Eaton were worth $22,690,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its stake in Eaton by 48.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 41,106 shares of the industrial products company's stock valued at $13,533,000 after buying an additional 13,497 shares in the last quarter. Lighthouse Wealth Management Inc. acquired a new stake in shares of Eaton during the 4th quarter worth about $297,000. Webster Bank N. A. lifted its holdings in Eaton by 52.4% during the 4th quarter. Webster Bank N. A. now owns 17,925 shares of the industrial products company's stock valued at $5,949,000 after purchasing an additional 6,166 shares during the last quarter. Ballentine Partners LLC grew its stake in Eaton by 9.3% during the fourth quarter. Ballentine Partners LLC now owns 9,256 shares of the industrial products company's stock worth $3,072,000 after buying an additional 790 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Eaton by 13.2% during the fourth quarter. Blue Trust Inc. now owns 14,494 shares of the industrial products company's stock worth $4,804,000 after buying an additional 1,694 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada decreased their price target on Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. StockNews.com lowered Eaton from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Barclays reduced their price target on shares of Eaton from $325.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price objective on shares of Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Finally, KeyCorp raised shares of Eaton from a "sector weight" rating to an "overweight" rating and set a $340.00 price target for the company in a 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 company. According to MarketBeat, Eaton presently has an average rating of "Moderate Buy" and an average target price of $357.16.

Eaton Stock Performance

ETN traded down $24.98 during trading hours on Thursday, reaching $258.86. The company's stock had a trading volume of 3,893,054 shares, compared to its average volume of 2,558,745. Eaton Co. plc has a 52 week low of $255.65 and a 52 week high of $379.99. The firm has a market cap of $101.41 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The company's 50-day moving average is $301.05 and its 200-day moving average is $330.91. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $2.55 earnings per share. On average, equities analysts forecast that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.16 annualized dividend and a yield of 1.61%. Eaton's dividend payout ratio (DPR) is presently 43.79%.

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.