Two Sigma Securities LLC Has $257,000 Position in Eaton Co. plc (NYSE:ETN)

Two Sigma Securities LLC lessened its stake in shares of Eaton Co. plc (NYSE:ETN) by 88.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 773 shares of the industrial products company’s stock after selling 6,127 shares during the quarter. Two Sigma Securities LLC’s holdings in Eaton were worth $257,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in shares of Eaton during the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Eaton during the fourth quarter worth about $30,000. Horizon Bancorp Inc. IN increased its position in Eaton by 321.7% during the fourth quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 74 shares during the period. Morse Asset Management Inc bought a new position in Eaton during the third quarter worth about $33,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Eaton during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of recent research reports. Barclays lowered their price target on shares of Eaton from $315.00 to $306.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Melius Research reaffirmed a “hold” rating and set a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. Evercore ISI lowered their price target on shares of Eaton from $382.00 to $326.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. StockNews.com lowered shares of Eaton from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Eaton from $350.00 to $289.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $350.22.

Eaton Trading Up 1.2 %

Shares of Eaton stock opened at $291.12 on Wednesday. Eaton Co. plc has a 1 year low of $231.85 and a 1 year high of $379.99. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $114.05 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The firm’s 50 day moving average is $280.76 and its 200 day moving average is $322.52.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, topping 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 earned $2.55 EPS. Equities research analysts forecast that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a $1.04 dividend. The ex-dividend date is Monday, May 5th. This represents a $4.16 dividend on an annualized basis and a yield of 1.43%. Eaton’s payout ratio is 43.79%.

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.