Sfmg LLC Has $1.62 Million Stake in Eaton Co. plc (NYSE:ETN)

Sfmg LLC decreased its stake in Eaton Co. plc (NYSE:ETN) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,877 shares of the industrial products company’s stock after selling 169 shares during the quarter. Sfmg LLC’s holdings in Eaton were worth $1,619,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ETN. United Bank acquired a new stake in Eaton in the 3rd quarter valued at $258,000. GSA Capital Partners LLP acquired a new stake in Eaton in the 3rd quarter valued at $295,000. Segall Bryant & Hamill LLC acquired a new stake in Eaton in the 3rd quarter valued at $6,632,000. King Luther Capital Management Corp boosted its stake in Eaton by 15.7% in the 3rd quarter. King Luther Capital Management Corp now owns 3,848 shares of the industrial products company’s stock valued at $1,275,000 after buying an additional 521 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Eaton by 2.3% in the 3rd quarter. LPL Financial LLC now owns 488,214 shares of the industrial products company’s stock valued at $161,814,000 after buying an additional 10,939 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ETN. Melius lowered Eaton from a “buy” rating to a “hold” rating and set a $373.00 price objective on the stock. in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their price objective on Eaton from $405.00 to $376.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. KeyCorp raised Eaton from a “sector weight” rating to an “overweight” rating and set a $340.00 price objective on the stock in a research note on Wednesday, March 12th. Finally, Evercore ISI reduced their price objective on Eaton from $382.00 to $326.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and an average target price of $357.68.

Eaton Trading Up 0.1 %

NYSE ETN opened at $295.88 on Friday. The stock has a 50-day simple moving average of $311.30 and a 200 day simple moving average of $331.08. The company has a market capitalization of $115.92 billion, a PE ratio of 31.14, a P/E/G ratio of 2.64 and a beta of 1.09. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. Eaton Co. plc has a 12 month low of $255.65 and a 12 month high of $379.99.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same period in the prior year, the firm earned $2.55 earnings per share. Research analysts forecast that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Increases Dividend

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

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.