Aua Capital Management LLC Purchases 43 Shares of Eaton Co. plc (NYSE:ETN)

Aua Capital Management LLC lifted its position in shares of Eaton Co. plc (NYSE:ETNFree Report) by 1.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,293 shares of the industrial products company’s stock after buying an additional 43 shares during the quarter. Aua Capital Management LLC’s holdings in Eaton were worth $717,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fragasso Group Inc. grew its stake in Eaton by 3.6% in the first quarter. Fragasso Group Inc. now owns 1,032 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 36 shares during the period. FinTrust Capital Advisors LLC increased its stake in Eaton by 2.6% during the 4th quarter. FinTrust Capital Advisors LLC now owns 1,481 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 37 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Eaton by 3.3% in the fourth quarter. Meeder Asset Management Inc. now owns 1,315 shares of the industrial products company’s stock valued at $317,000 after buying an additional 42 shares in the last quarter. Telemus Capital LLC grew its holdings in shares of Eaton by 1.0% during the fourth quarter. Telemus Capital LLC now owns 4,111 shares of the industrial products company’s stock valued at $990,000 after buying an additional 42 shares during the last quarter. Finally, Amarillo National Bank grew its holdings in shares of Eaton by 3.5% in the fourth quarter. Amarillo National Bank now owns 1,270 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

Eaton stock traded down $3.18 during mid-day trading on Friday, hitting $320.06. 3,068,313 shares of the company traded hands, compared to its average volume of 2,008,826. Eaton Co. plc has a one year low of $191.82 and a one year high of $345.19. The stock has a fifty day moving average price of $324.66 and a 200-day moving average price of $289.72. The stock has a market cap of $127.96 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 2.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.56.

Eaton (NYSE:ETNGet Free Report) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.12. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.91 billion. Eaton had a return on equity of 20.69% and a net margin of 14.38%. Eaton’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 earnings per share. On average, equities analysts predict that Eaton Co. plc will post 10.56 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, May 3rd. Eaton’s dividend payout ratio (DPR) is currently 44.39%.

Insiders Place Their Bets

In other Eaton news, insider Peter Denk sold 2,416 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $331.84, for a total transaction of $801,725.44. Following the completion of the transaction, the insider now owns 5,086 shares of the company’s stock, valued at $1,687,738.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. HSBC boosted their price objective on Eaton from $240.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Mizuho reaffirmed a “buy” rating and issued a $355.00 price objective (up previously from $340.00) on shares of Eaton in a research report on Wednesday, May 1st. Wolfe Research reissued an “underperform” rating and set a $312.00 target price on shares of Eaton in a research report on Monday, April 8th. Barclays upgraded Eaton from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $250.00 to $300.00 in a research note on Tuesday, April 2nd. Finally, Argus lifted their target price on Eaton from $290.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Eaton currently has a consensus rating of “Moderate Buy” and an average target price of $314.27.

View Our Latest Stock Analysis on Eaton

Eaton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Eaton (NYSE:ETN)

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