Vestor Capital LLC Raises Stock Holdings in Eaton Co. plc (NYSE:ETN)

Vestor Capital LLC boosted its holdings in Eaton Co. plc (NYSE:ETN) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,502 shares of the industrial products company’s stock after buying an additional 76 shares during the quarter. Vestor Capital LLC’s holdings in Eaton were worth $4,149,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ETN. United Bank bought a new stake in shares of Eaton during the 3rd quarter valued at about $258,000. GSA Capital Partners LLP bought a new stake in shares of Eaton during the 3rd quarter valued at about $295,000. Segall Bryant & Hamill LLC bought a new stake in shares of Eaton during the 3rd quarter valued at about $6,632,000. King Luther Capital Management Corp grew its stake in shares of Eaton by 15.7% during 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 purchasing an additional 521 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Eaton by 2.3% during the 3rd quarter. LPL Financial LLC now owns 488,214 shares of the industrial products company’s stock valued at $161,814,000 after purchasing an additional 10,939 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ETN. Melius Research restated a “hold” rating and set a $373.00 price target on shares of Eaton in a research note on Tuesday, January 28th. Evercore ISI cut their price objective on Eaton from $382.00 to $326.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada cut their price objective on Eaton from $405.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Barclays cut their price objective on Eaton from $353.00 to $325.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Melius downgraded 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. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $357.68.

Eaton Stock Up 0.1 %

Shares of ETN opened at $295.88 on Friday. The stock has a market capitalization of $115.92 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a 1 year low of $255.65 and a 1 year high of $379.99. The business’s 50 day simple moving average is $311.30 and its 200-day simple moving average is $331.08. 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 (NYSE:ETN) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $2.55 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Eaton’s previous quarterly dividend of $0.94. Eaton’s dividend payout ratio is presently 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.