VSM Wealth Advisory LLC Takes $386,000 Position in Eaton Co. plc (NYSE:ETN)

VSM Wealth Advisory LLC acquired a new position in Eaton Co. plc (NYSE:ETN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,162 shares of the industrial products company's stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. United Bank acquired a new stake in shares of Eaton during the 3rd quarter valued at $258,000. GSA Capital Partners LLP acquired a new stake in shares of Eaton during the 3rd quarter valued at about $295,000. Thrivent Financial for Lutherans increased its stake in shares of Eaton by 38.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 80,187 shares of the industrial products company's stock worth $26,576,000 after purchasing an additional 22,367 shares during the last quarter. Joseph Group Capital Management raised its holdings in Eaton by 27.6% during the third quarter. Joseph Group Capital Management now owns 12,849 shares of the industrial products company's stock valued at $4,259,000 after buying an additional 2,782 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its position in Eaton by 1.7% during the third quarter. Aviance Capital Partners LLC now owns 2,026 shares of the industrial products company's stock worth $671,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Trading Up 0.1 %

NYSE ETN traded up $0.35 during trading on Friday, reaching $295.88. 3,188,236 shares of the stock traded hands, compared to its average volume of 2,404,510. The stock's 50-day moving average price is $311.30 and its 200 day moving average price is $331.37. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The firm has a market cap of $115.92 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a fifty-two week low of $255.65 and a fifty-two week high of $379.99.

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Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company posted $2.55 earnings per share. Analysts predict that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be given a $1.04 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from Eaton's previous quarterly dividend of $0.94. This represents a $4.16 annualized dividend and a dividend yield of 1.41%. Eaton's payout ratio is currently 43.79%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ETN shares. Melius lowered shares of Eaton from a "buy" rating to a "hold" rating and set a $373.00 target price for the company. in a research report on Tuesday, January 28th. StockNews.com downgraded shares of Eaton from a "buy" rating to a "hold" rating in a research note on Friday. Citigroup dropped their price objective on shares of Eaton from $440.00 to $410.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Evercore ISI cut their target price on Eaton from $382.00 to $326.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Finally, Melius Research reiterated a "hold" rating and set a $373.00 target price on shares of Eaton in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $357.68.

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.