Lido Advisors LLC Grows Position in Eaton Co. plc (NYSE:ETN)

Lido Advisors LLC increased its position in Eaton Co. plc (NYSE:ETN) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,753 shares of the industrial products company’s stock after purchasing an additional 12,148 shares during the quarter. Lido Advisors LLC’s holdings in Eaton were worth $21,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flagship Wealth Advisors LLC purchased a new position in shares of Eaton in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new position in Eaton during the 4th quarter valued at approximately $30,000. Horizon Bancorp Inc. IN increased its position in Eaton by 321.7% during the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock valued at $32,000 after buying an additional 74 shares in the last quarter. Morse Asset Management Inc bought a new position in Eaton during the 3rd quarter valued at approximately $33,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Eaton in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Trading Up 0.7 %

ETN stock opened at $288.91 on Monday. The firm has a fifty day moving average price of $281.54 and a 200 day moving average price of $323.11. Eaton Co. plc has a fifty-two week low of $231.85 and a fifty-two week high of $379.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. The firm has a market cap of $113.19 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09.

Eaton (NYSE:ETN) last posted its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share 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 last year, the firm earned $2.55 earnings per share. Sell-side analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, May 5th. Eaton’s payout ratio is 43.79%.

Analyst Ratings Changes

A number of research firms have commented on ETN. Barclays reduced their target price on Eaton from $315.00 to $306.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Jefferies Financial Group lowered their price objective on shares of Eaton from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Melius Research restated a “hold” rating and set a $373.00 target price on shares of Eaton in a research note on Tuesday, January 28th. Melius cut shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Evercore ISI decreased their target price on shares of Eaton from $382.00 to $326.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Eaton has an average 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.