2,652 Shares in Eaton Co. plc (NYSE:ETN) Acquired by LM Advisors LLC

LM Advisors LLC bought a new stake in Eaton Co. plc (NYSE:ETN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,652 shares of the industrial products company’s stock, valued at approximately $880,000.

Several other large investors also recently added to or reduced their stakes in the business. NEOS Investment Management LLC boosted its holdings in Eaton by 30.9% in the fourth quarter. NEOS Investment Management LLC now owns 46,151 shares of the industrial products company’s stock worth $15,316,000 after purchasing an additional 10,900 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Eaton by 17.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,199,935 shares of the industrial products company’s stock worth $398,222,000 after buying an additional 175,009 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Eaton by 10.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 640,971 shares of the industrial products company’s stock worth $219,645,000 after acquiring an additional 61,925 shares in the last quarter. Worth Financial Advisory Group LLC increased its holdings in shares of Eaton by 102.1% during the 4th quarter. Worth Financial Advisory Group LLC now owns 5,096 shares of the industrial products company’s stock valued at $1,690,000 after acquiring an additional 2,574 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of Eaton by 27.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 1,795 shares of the industrial products company’s stock valued at $596,000 after acquiring an additional 390 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ETN shares. KeyCorp upgraded Eaton from a “sector weight” rating to an “overweight” rating and set a $340.00 price target on the stock in a report on Wednesday, March 12th. Wells Fargo & Company dropped their target price on shares of Eaton from $335.00 to $305.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. Melius cut shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 price target for the company. in a report on Tuesday, January 28th. Evercore ISI dropped their price objective on Eaton from $382.00 to $326.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their price objective on Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and an average price target of $357.16.

Eaton Trading Down 4.8 %

Shares of Eaton stock opened at $285.60 on Thursday. The company’s fifty day moving average price is $308.63 and its two-hundred day moving average price is $331.57. The firm has a market capitalization of $111.89 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a 52-week low of $255.65 and a 52-week high of $379.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96.

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 in the previous year, the company earned $2.55 EPS. On average, analysts expect 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 will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Eaton’s previous quarterly dividend of $0.94. Eaton’s dividend payout ratio (DPR) is 43.79%.

Eaton Company 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.