RFG Bristol Wealth Advisors LLC Buys Shares of 14,053 Eaton Co. plc (NYSE:ETN)

RFG Bristol Wealth Advisors LLC bought a new stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,053 shares of the industrial products company's stock, valued at approximately $4,664,000. Eaton makes up about 1.5% of RFG Bristol Wealth Advisors LLC's investment portfolio, making the stock its 17th biggest position.

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

Eaton Trading Down 8.1 %

Shares of Eaton stock traded down $23.10 during trading hours on Thursday, hitting $260.74. The company's stock had a trading volume of 5,551,734 shares, compared to its average volume of 2,562,072. The stock has a market cap of $102.15 billion, a price-to-earnings ratio of 27.45, 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 twelve month low of $255.65 and a twelve month high of $379.99. The firm has a fifty day moving average of $298.88 and a 200-day moving average of $330.42.

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Eaton (NYSE:ETN - Get Free Report) last announced its 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 net margin of 15.25% and a return on equity of 22.62%. During the same quarter last year, the firm earned $2.55 earnings per share. Research analysts forecast that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Eaton's previous quarterly dividend of $0.94. Eaton's dividend payout ratio (DPR) is 43.79%.

Wall Street Analysts Forecast Growth

ETN has been the subject of several research analyst reports. Citigroup reduced their price target on shares of Eaton from $440.00 to $410.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company decreased their target price on Eaton from $335.00 to $305.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. KeyCorp upgraded Eaton from a "sector weight" rating to an "overweight" rating and set a $340.00 price target for the company in a research report on Wednesday, March 12th. Jefferies Financial Group lowered their target price on shares of Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada reduced their target price on shares of Eaton from $405.00 to $376.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $357.16.

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.