FWL Investment Management LLC Boosts Holdings in Eaton Co. plc (NYSE:ETN)

FWL Investment Management LLC boosted its position in shares of Eaton Co. plc (NYSE:ETN) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,852 shares of the industrial products company’s stock after buying an additional 1,643 shares during the period. Eaton accounts for approximately 2.8% of FWL Investment Management LLC’s portfolio, making the stock its 16th biggest holding. FWL Investment Management LLC’s holdings in Eaton were worth $7,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in Eaton by 4.1% during the 3rd quarter. Principal Financial Group Inc. now owns 457,350 shares of the industrial products company’s stock valued at $151,584,000 after acquiring an additional 17,965 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in shares of Eaton in the fourth quarter valued at approximately $532,000. Park National Corp OH raised its stake in shares of Eaton by 2.1% during the fourth quarter. Park National Corp OH now owns 2,779 shares of the industrial products company’s stock worth $922,000 after purchasing an additional 58 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Eaton by 36.9% during the fourth quarter. Fulton Bank N.A. now owns 7,117 shares of the industrial products company’s stock worth $2,362,000 after purchasing an additional 1,917 shares during the period. Finally, ORG Partners LLC grew its position in Eaton by 90.7% in the 4th quarter. ORG Partners LLC now owns 946 shares of the industrial products company’s stock valued at $314,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

ETN has been the topic of a number of recent analyst reports. Melius Research reiterated a “hold” rating and set a $373.00 price target on shares of Eaton in a research note on Tuesday, January 28th. Wells Fargo & Company reiterated an “overweight” rating and set a $355.00 target price on shares of Eaton in a research report on Monday. Melius cut 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. StockNews.com raised Eaton from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Eaton from $289.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and a consensus target price of $361.13.

Insider Buying and Selling at Eaton

In other news, insider Michael Yelton sold 2,120 shares of Eaton stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $296.87, for a total transaction of $629,364.40. Following the transaction, the insider now directly owns 3,382 shares in the company, valued at approximately $1,004,014.34. This trade represents a 38.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Eaton Trading Up 1.4 %

Eaton stock opened at $302.31 on Thursday. The firm has a 50-day moving average price of $281.59 and a two-hundred day moving average price of $320.81. Eaton Co. plc has a 52-week low of $231.85 and a 52-week high of $379.99. The firm has a market capitalization of $118.44 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.64 and a beta of 1.14. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN) last posted its earnings results on Friday, May 2nd. The industrial products company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.70 by $0.02. Eaton had a return on equity of 22.62% and a net margin of 15.25%. The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.26 billion. During the same period last year, the firm earned $2.40 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts expect that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given 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 1.38%. Eaton’s dividend payout ratio is presently 41.98%.

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.