RDA Financial Network Makes New Investment in Eaton Co. plc (NYSE:ETN)

RDA Financial Network purchased a new stake in Eaton Co. plc (NYSE:ETN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,216 shares of the industrial products company’s stock, valued at approximately $404,000.

Other large investors have also recently made changes to their positions in the company. Goldstone Financial Group LLC raised its position in Eaton by 36.8% in the fourth quarter. Goldstone Financial Group LLC now owns 1,406 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 378 shares during the period. Empirical Asset Management LLC grew its stake in shares of Eaton by 307.4% in the fourth quarter. Empirical Asset Management LLC now owns 106,827 shares of the industrial products company’s stock valued at $35,453,000 after buying an additional 80,606 shares in the last quarter. Central Valley Advisors LLC raised its holdings in shares of Eaton by 0.6% in the 4th quarter. Central Valley Advisors LLC now owns 8,045 shares of the industrial products company’s stock valued at $2,670,000 after buying an additional 47 shares during the period. Bouvel Investment Partners LLC lifted its stake in Eaton by 1.8% during the 4th quarter. Bouvel Investment Partners LLC now owns 14,937 shares of the industrial products company’s stock worth $4,957,000 after acquiring an additional 258 shares in the last quarter. Finally, Fermata Advisors LLC boosted its holdings in Eaton by 148.6% during the 4th quarter. Fermata Advisors LLC now owns 2,183 shares of the industrial products company’s stock valued at $724,000 after acquiring an additional 1,305 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Eaton

In related news, insider Craig Arnold sold 61,569 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $360.97, for a total value of $22,224,561.93. Following the transaction, the insider now owns 506,360 shares in the company, valued at $182,780,769.20. The trade was a 10.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $378.58, for a total value of $534,554.96. Following the sale, the insider now directly owns 31,200 shares of the company’s stock, valued at $11,811,696. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,981 shares of company stock worth $27,660,117. 0.53% of the stock is owned by insiders.

Eaton Stock Up 0.4 %

ETN stock opened at $346.54 on Friday. The stock has a market cap of $136.95 billion, a P/E ratio of 36.87, a PEG ratio of 2.27 and a beta of 1.06. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. Eaton Co. plc has a twelve month low of $236.20 and a twelve month high of $379.99. The company’s 50 day moving average is $354.73 and its two-hundred day moving average is $329.53.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.80 by $0.04. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the business earned $2.47 EPS. Eaton’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts expect that Eaton Co. plc will post 10.8 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, November 4th. Eaton’s dividend payout ratio (DPR) is 40.00%.

Analyst Ratings Changes

Several analysts have recently issued reports on ETN shares. JPMorgan Chase & Co. reduced their price target on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research report on Wednesday. Sanford C. Bernstein assumed coverage on shares of Eaton in a report on Tuesday, November 5th. They set an “outperform” rating and a $382.00 target price on the stock. Bank of America boosted their price target on shares of Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Jefferies Financial Group increased their price objective on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada boosted their target price on Eaton from $374.00 to $392.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and a consensus price target of $368.89.

About Eaton

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.