Three Seasons Wealth LLC Takes $576,000 Position in Eaton Co. plc (NYSE:ETN)

Three Seasons Wealth LLC bought a new position in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,737 shares of the industrial products company's stock, valued at approximately $576,000.

A number of other institutional investors have also recently made changes to their positions in the company. Nebula Research & Development LLC purchased a new stake in Eaton in the fourth quarter valued at approximately $355,000. Rothschild Capital Partners LLC purchased a new stake in Eaton in the fourth quarter valued at approximately $250,000. Voya Investment Management LLC increased its stake in Eaton by 18.2% in the fourth quarter. Voya Investment Management LLC now owns 683,252 shares of the industrial products company's stock valued at $226,751,000 after purchasing an additional 104,969 shares during the period. Integrated Wealth Concepts LLC lifted its position in Eaton by 8.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 9,256 shares of the industrial products company's stock worth $3,072,000 after acquiring an additional 717 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its position in Eaton by 1.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 454,498 shares of the industrial products company's stock worth $150,834,000 after buying an additional 5,744 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ETN shares. Jefferies Financial Group decreased their price objective on shares of Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. KeyCorp cut their target price on shares of Eaton from $340.00 to $325.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Eaton from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Royal Bank of Canada cut their target price on Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Evercore ISI reduced their price target on shares of Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Eaton presently has a consensus rating of "Moderate Buy" and an average target price of $350.22.

Eaton Stock Performance

Shares of Eaton stock traded up $1.89 during trading hours on Friday, hitting $288.91. 2,177,225 shares of the company's stock traded hands, compared to its average volume of 2,630,169. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The company has a fifty day simple moving average of $281.54 and a 200-day simple moving average of $323.11. Eaton Co. plc has a 12-month low of $231.85 and a 12-month high of $379.99. The stock has a market capitalization of $113.19 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 2.64 and a beta of 1.09.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating 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 last year, the business earned $2.55 earnings per share. Equities research analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a dividend of $1.04 per share. The ex-dividend date is Monday, May 5th. This represents a $4.16 annualized dividend and a dividend yield of 1.44%. Eaton's dividend payout ratio 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.