Capital Investment Advisors LLC Has $1.01 Million Position in Eaton Co. plc (NYSE:ETN)

Capital Investment Advisors LLC raised its stake in Eaton Co. plc (NYSE:ETN – Get Rating) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,456 shares of the industrial products company’s stock after purchasing an additional 91 shares during the period. Capital Investment Advisors LLC’s holdings in Eaton were worth $1,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ETN. TimeScale Financial Inc. boosted its position in shares of Eaton by 102.5% in the third quarter. TimeScale Financial Inc. now owns 243 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 123 shares during the period. Ten Capital Wealth Advisors LLC bought a new stake in shares of Eaton in the third quarter valued at about $32,000. Alpha Paradigm Partners LLC bought a new stake in shares of Eaton in the second quarter valued at about $31,000. Karp Capital Management Corp bought a new stake in shares of Eaton in the third quarter valued at about $39,000. Finally, Kistler Tiffany Companies LLC boosted its position in shares of Eaton by 134.0% in the third quarter. Kistler Tiffany Companies LLC now owns 351 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 201 shares during the period. 80.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eaton

In other news, insider Joao V. Faria sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $169.00, for a total transaction of $338,000.00. Following the completion of the sale, the insider now owns 67,166 shares of the company’s stock, valued at approximately $11,351,054. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Joao V. Faria sold 2,326 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $171.23, for a total transaction of $398,280.98. Following the completion of the sale, the insider now owns 77,626 shares of the company’s stock, valued at approximately $13,291,899.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joao V. Faria sold 2,000 shares of Eaton stock in a transaction on Friday, February 10th. The shares were sold at an average price of $169.00, for a total transaction of $338,000.00. Following the completion of the sale, the insider now directly owns 67,166 shares of the company’s stock, valued at approximately $11,351,054. The disclosure for this sale can be found here. Insiders sold a total of 33,377 shares of company stock valued at $5,864,193 in the last quarter. 0.56% of the stock is currently owned by company insiders.

Eaton Stock Performance

NYSE:ETN opened at $160.15 on Friday. The company has a market capitalization of $63.74 billion, a PE ratio of 26.04, a P/E/G ratio of 1.76 and a beta of 1.13. The company has a 50 day simple moving average of $167.27 and a two-hundred day simple moving average of $156.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.84 and a current ratio of 1.38. Eaton Co. plc has a fifty-two week low of $122.50 and a fifty-two week high of $178.75.

Eaton (NYSE:ETN – Get Rating) last released its earnings results on Wednesday, February 8th. The industrial products company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.01. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.34 billion. Eaton had a net margin of 11.86% and a return on equity of 18.31%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. Research analysts anticipate that Eaton Co. plc will post 8.24 earnings per share for the current year.

Eaton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Monday, March 6th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Eaton’s previous quarterly dividend of $0.81. The ex-dividend date is Friday, March 3rd. Eaton’s dividend payout ratio is presently 55.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ETN shares. Bank of America upped their price objective on shares of Eaton from $180.00 to $200.00 in a research report on Wednesday, March 8th. Mizuho boosted their target price on Eaton from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft boosted their target price on Eaton from $175.00 to $188.00 in a research note on Thursday, February 9th. Barclays boosted their target price on Eaton from $130.00 to $148.00 and gave the stock an “underweight” rating in a research note on Thursday, February 9th. Finally, StockNews.com assumed coverage on Eaton in a research note on Thursday. They set a “strong-buy” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $173.00.

About Eaton

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Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global, Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service.