1,037 Shares in Eaton Co. plc (NYSE:ETN) Bought by Transce3nd LLC

Transce3nd LLC acquired a new position in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,037 shares of the industrial products company's stock, valued at approximately $344,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Morse Asset Management Inc acquired a new position in Eaton during the third quarter worth $33,000. Bard Financial Services Inc. purchased a new stake in shares of Eaton in the third quarter worth about $255,000. Advisory Resource Group grew its holdings in Eaton by 10.9% during the 3rd quarter. Advisory Resource Group now owns 4,358 shares of the industrial products company's stock valued at $1,444,000 after purchasing an additional 428 shares in the last quarter. Chelsea Counsel Co. boosted its holdings in Eaton by 29.4% in the third quarter. Chelsea Counsel Co. now owns 220 shares of the industrial products company's stock valued at $73,000 after purchasing an additional 50 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new stake in shares of Eaton during the third quarter worth approximately $265,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Performance

Shares of Eaton stock traded up $1.89 during trading on Friday, hitting $288.91. 2,177,058 shares of the stock were exchanged, compared to its average volume of 2,628,251. Eaton Co. plc has a 1-year low of $231.85 and a 1-year high of $379.99. The stock has a market capitalization of $113.19 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The company has a fifty day moving average price of $282.03 and a 200-day moving average price of $323.63. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN - Get Free Report) last issued its earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, topping 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 in the prior year, the company posted $2.55 earnings per share. As a group, equities analysts predict that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a dividend of $1.04 per share. The ex-dividend date is Monday, May 5th. This represents a $4.16 dividend on an annualized basis and a yield of 1.44%. Eaton's payout ratio is 43.79%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ETN shares. StockNews.com cut Eaton from a "buy" rating to a "hold" rating in a research report on Tuesday. Melius lowered Eaton from a "buy" rating to a "hold" rating and set a $373.00 target price on the stock. in a report on Tuesday, January 28th. Royal Bank of Canada reduced their target price on Eaton from $405.00 to $376.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Barclays dropped their price target on Eaton from $315.00 to $306.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Finally, Wells Fargo & Company lowered their price target on shares of Eaton from $335.00 to $305.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $350.22.

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.