Lingohr Asset Management GmbH Makes New $266,000 Investment in Eaton Co. plc (NYSE:ETN)

Lingohr Asset Management GmbH bought a new position in shares of Eaton Co. plc (NYSE:ETN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 800 shares of the industrial products company’s stock, valued at approximately $266,000.

Several other hedge funds have also recently modified their holdings of ETN. United Bank purchased a new stake in shares of Eaton during the 3rd quarter worth approximately $258,000. GSA Capital Partners LLP purchased a new stake in shares of Eaton during the 3rd quarter worth approximately $295,000. Thrivent Financial for Lutherans increased its stake in shares of Eaton by 38.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 80,187 shares of the industrial products company’s stock worth $26,576,000 after purchasing an additional 22,367 shares during the last quarter. Aviance Capital Partners LLC increased its stake in shares of Eaton by 1.7% during the 3rd quarter. Aviance Capital Partners LLC now owns 2,026 shares of the industrial products company’s stock worth $671,000 after purchasing an additional 34 shares during the last quarter. Finally, Caprock Group LLC increased its stake in shares of Eaton by 50.0% during the 3rd quarter. Caprock Group LLC now owns 10,976 shares of the industrial products company’s stock worth $3,638,000 after purchasing an additional 3,660 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Stock Up 1.3 %

ETN opened at $294.52 on Thursday. The company has a fifty day moving average price of $313.21 and a 200-day moving average price of $331.40. The firm has a market capitalization of $115.45 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. 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 Co. plc has a one year low of $255.65 and a one year high of $379.99.

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

Eaton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a dividend of $1.04 per share. This is an increase from Eaton’s previous quarterly dividend of $0.94. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Monday, March 10th. Eaton’s payout ratio is currently 43.79%.

Analyst Ratings Changes

ETN has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Eaton from $405.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on shares of Eaton from $335.00 to $305.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. KeyCorp upgraded shares of Eaton from a “sector weight” rating to an “overweight” rating and set a $340.00 price objective for the company in a research note on Wednesday, March 12th. Finally, Melius lowered shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 price objective for the company. in a research note on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $357.68.

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.