APG Asset Management N.V. Has $58.38 Million Stock Holdings in Eaton Co. plc (NYSE:ETN)

APG Asset Management N.V. raised its holdings in Eaton Co. plc (NYSE:ETN) by 33.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 199,553 shares of the industrial products company’s stock after acquiring an additional 50,340 shares during the quarter. APG Asset Management N.V.’s holdings in Eaton were worth $58,381,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ETN. Norden Group LLC acquired a new stake in Eaton in the first quarter valued at $2,176,000. Griffin Asset Management Inc. acquired a new stake in shares of Eaton in the first quarter valued at about $813,000. Focus Financial Network Inc. ADV bought a new position in shares of Eaton during the fourth quarter worth about $554,000. IAM Advisory LLC acquired a new position in shares of Eaton in the second quarter worth approximately $599,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Eaton by 19.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 78,725 shares of the industrial products company’s stock valued at $24,616,000 after acquiring an additional 12,689 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 1.4 %

NYSE:ETN opened at $333.02 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.56 and a quick ratio of 1.07. Eaton Co. plc has a one year low of $191.82 and a one year high of $345.19. The company has a market cap of $132.58 billion, a PE ratio of 39.32, a PEG ratio of 2.53 and a beta of 1.01. The firm has a 50-day moving average of $300.23 and a 200-day moving average of $313.23.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.12. Eaton had a return on equity of 21.45% and a net margin of 15.12%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.35 billion. As a group, equities research analysts expect that Eaton Co. plc will post 10.75 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were paid a $0.94 dividend. The ex-dividend date was Monday, August 5th. This represents a $3.76 annualized dividend and a dividend yield of 1.13%. Eaton’s payout ratio is 44.39%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Eaton in a research report on Monday, September 16th. They issued a “buy” rating and a $348.00 price target on the stock. Raymond James cut their price target on shares of Eaton from $375.00 to $365.00 and set an “outperform” rating on the stock in a research report on Monday, September 9th. Evercore ISI decreased their price target on Eaton from $357.00 to $333.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Wells Fargo & Company cut their target price on Eaton from $320.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Finally, Royal Bank of Canada lowered their target price on Eaton from $376.00 to $371.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Eaton presently has an average rating of “Moderate Buy” and an average price target of $337.41.

Insider Activity

In other Eaton news, insider Taras G. Jr. Szmagala sold 335 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $288.72, for a total value of $96,721.20. Following the completion of the sale, the insider now directly owns 9,900 shares of the company’s stock, valued at approximately $2,858,328. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Heath B. Monesmith sold 49,040 shares of Eaton stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $301.02, for a total transaction of $14,762,020.80. Following the sale, the insider now directly owns 71,262 shares in the company, valued at approximately $21,451,287.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Taras G. Jr. Szmagala sold 335 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $288.72, for a total transaction of $96,721.20. Following the transaction, the insider now owns 9,900 shares of the company’s stock, valued at approximately $2,858,328. The disclosure for this sale can be found here. Insiders sold a total of 52,511 shares of company stock worth $15,809,326 over the last quarter. Insiders own 0.53% of the company’s stock.

Eaton 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.