1,587 Shares in Eaton Co. plc (NYSE:ETN) Bought by Carbahal Olsen Financial Services Group LLC

Carbahal Olsen Financial Services Group LLC bought a new position in shares of Eaton Co. plc (NYSE:ETN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,587 shares of the industrial products company’s stock, valued at approximately $527,000. Eaton accounts for 0.5% of Carbahal Olsen Financial Services Group LLC’s portfolio, making the stock its 14th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Eaton during the fourth quarter valued at $1,495,582,000. Capital International Investors bought a new stake in shares of Eaton during the fourth quarter valued at approximately $523,541,000. Proficio Capital Partners LLC raised its holdings in Eaton by 42,255.3% in the 4th quarter. Proficio Capital Partners LLC now owns 732,323 shares of the industrial products company’s stock worth $243,036,000 after acquiring an additional 730,594 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Eaton by 390.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 539,673 shares of the industrial products company’s stock valued at $193,421,000 after acquiring an additional 429,701 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Eaton by 3,508.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 401,728 shares of the industrial products company’s stock worth $133,321,000 after purchasing an additional 390,595 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Stock Down 0.4 %

Shares of ETN opened at $268.15 on Friday. The stock has a fifty day simple moving average of $284.95 and a two-hundred day simple moving average of $325.24. 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 company has a market capitalization of $105.05 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a 52-week low of $231.85 and a 52-week high of $379.99.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share 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 period in the previous year, the business posted $2.55 earnings per share. As a group, equities analysts forecast that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.55%. This is a boost from Eaton’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Monday, March 10th. Eaton’s payout ratio is presently 43.79%.

Analyst Ratings Changes

A number of equities research analysts have commented on ETN shares. Melius Research reaffirmed a “hold” rating and issued a $373.00 target price on shares of Eaton in a research report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their target price on Eaton from $350.00 to $289.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. StockNews.com upgraded shares of Eaton from a “hold” rating to a “buy” rating in a research report on Monday, April 14th. Citigroup decreased their price objective on shares of Eaton from $396.00 to $323.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Barclays reduced their price objective on Eaton from $315.00 to $306.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.22.

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.