Eaton Co. plc (NYSE:ETN) Shares Purchased by Herold Advisors Inc.

Herold Advisors Inc. raised its holdings in Eaton Co. plc (NYSE:ETNGet Rating) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,525 shares of the industrial products company’s stock after acquiring an additional 105 shares during the period. Herold Advisors Inc.’s holdings in Eaton were worth $696,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its stake in shares of Eaton by 288.6% in the 1st quarter. Financial Management Professionals Inc. now owns 171 shares of the industrial products company’s stock valued at $26,000 after buying an additional 127 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in Eaton during the 1st quarter worth approximately $30,000. Steward Financial Group LLC acquired a new stake in Eaton during the 1st quarter worth approximately $32,000. Baldwin Brothers LLC MA raised its holdings in shares of Eaton by 63.0% in the 1st quarter. Baldwin Brothers LLC MA now owns 220 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its holdings in shares of Eaton by 588.6% in the 1st quarter. Princeton Global Asset Management LLC now owns 241 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ETN shares. Barclays lifted their price target on shares of Eaton from $112.00 to $124.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Eaton from $178.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. The Goldman Sachs Group lowered their target price on shares of Eaton from $175.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. Royal Bank of Canada boosted their price objective on shares of Eaton from $139.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 3rd. Finally, Citigroup lifted their target price on shares of Eaton from $150.00 to $170.00 in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $160.15.

Eaton Stock Down 0.7 %

Shares of ETN stock traded down $0.99 on Friday, hitting $134.14. The stock had a trading volume of 1,726,355 shares, compared to its average volume of 1,920,302. The firm has a market capitalization of $53.43 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.66 and a beta of 1.20. The stock’s 50 day moving average is $142.94 and its 200-day moving average is $141.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.58 and a current ratio of 0.97. Eaton Co. plc has a 52-week low of $122.50 and a 52-week high of $175.72.

Eaton (NYSE:ETNGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.05. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Eaton had a net margin of 11.70% and a return on equity of 17.04%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 EPS. As a group, research analysts expect that Eaton Co. plc will post 7.55 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were issued a dividend of $0.81 per share. The ex-dividend date was Thursday, August 11th. This represents a $3.24 annualized dividend and a yield of 2.42%. Eaton’s dividend payout ratio (DPR) is presently 56.15%.

Insider Buying and Selling at Eaton

In other Eaton news, Director Deborah L. Mccoy sold 3,000 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $148.72, for a total transaction of $446,160.00. Following the transaction, the director now owns 12,856 shares in the company, valued at $1,911,944.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Deborah L. Mccoy sold 3,000 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $148.72, for a total value of $446,160.00. Following the sale, the director now owns 12,856 shares in the company, valued at $1,911,944.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel Roy Hopgood sold 1,500 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $151.70, for a total transaction of $227,550.00. Following the completion of the sale, the insider now owns 7,593 shares in the company, valued at approximately $1,151,858.10. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Eaton Profile

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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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