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

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

Several other institutional investors have also added to or reduced their stakes in the business. Flagship Wealth Advisors LLC acquired a new position in shares of Eaton in the fourth quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in Eaton in the fourth quarter valued at approximately $30,000. Horizon Bancorp Inc. IN increased its holdings in Eaton by 321.7% in the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company's stock worth $32,000 after buying an additional 74 shares during the period. Morse Asset Management Inc purchased a new position in Eaton during the 3rd quarter worth approximately $33,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Eaton during the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Price Performance

ETN stock traded up $1.89 during midday trading on Friday, reaching $288.91. The stock had a trading volume of 2,177,225 shares, compared to its average volume of 2,628,871. Eaton Co. plc has a 52-week low of $231.85 and a 52-week high of $379.99. The company has a market cap 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's fifty day simple moving average is $281.54 and its 200 day simple moving average is $323.31. 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 announced 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 net margin of 15.25% and a return on equity of 22.62%. During the same quarter in the previous year, the firm posted $2.55 earnings per share. As a group, sell-side analysts predict that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed 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 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. Barclays cut their price objective on shares of Eaton from $315.00 to $306.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Melius downgraded Eaton from a "buy" rating to a "hold" rating and set a $373.00 price target on the stock. in a research report on Tuesday, January 28th. Citigroup dropped their target price on Eaton from $396.00 to $323.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company dropped their price objective on shares of Eaton from $335.00 to $305.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. Finally, KeyCorp dropped their price target on shares of Eaton from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $350.22.

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.