Plato Investment Management Ltd boosted its stake in shares of Eaton Co. plc (NYSE:ETN – Free Report) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,010 shares of the industrial products company’s stock after buying an additional 2,466 shares during the period. Plato Investment Management Ltd’s holdings in Eaton were worth $4,639,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Breakwater Investment Management boosted its position in Eaton by 1,560.0% during the second quarter. Breakwater Investment Management now owns 83 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 78 shares in the last quarter. Proffitt & Goodson Inc. purchased a new position in shares of Eaton in the 2nd quarter worth approximately $29,000. LGT Financial Advisors LLC bought a new position in shares of Eaton during the 2nd quarter worth approximately $33,000. West Financial Advisors LLC purchased a new stake in Eaton during the third quarter valued at approximately $35,000. Finally, DiNuzzo Private Wealth Inc. acquired a new stake in Eaton in the second quarter valued at approximately $37,000. Institutional investors own 82.97% of the company’s stock.
Insider Activity at Eaton
In other news, insider Michael Yelton sold 3,136 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $303.12, for a total transaction of $950,584.32. Following the sale, the insider now directly owns 3,914 shares of the company’s stock, valued at $1,186,411.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Michael Yelton sold 3,136 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $303.12, for a total value of $950,584.32. Following the completion of the transaction, the insider now owns 3,914 shares of the company’s stock, valued at approximately $1,186,411.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Karenann K. Terrell acquired 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost of $298.97 per share, for a total transaction of $149,485.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at $149,485. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 68,705 shares of company stock worth $24,516,346. 0.53% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on ETN
Eaton Stock Performance
NYSE ETN opened at $369.88 on Thursday. The firm has a market capitalization of $146.18 billion, a P/E ratio of 39.35, a PEG ratio of 2.96 and a beta of 1.01. The stock has a 50-day simple moving average of $331.19 and a two-hundred day simple moving average of $320.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53. Eaton Co. plc has a fifty-two week low of $223.87 and a fifty-two week high of $373.49.
Eaton (NYSE:ETN – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the business earned $2.47 earnings per share. Eaton’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Eaton Co. plc will post 10.79 earnings per share for the current year.
Eaton Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 4th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, November 4th. Eaton’s dividend payout ratio (DPR) is presently 40.00%.
Eaton Company 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.
Featured Articles
- Five stocks we like better than Eaton
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Can United States Cellular Ride Higher on Its Spectrum Strategy?
- What Are Growth Stocks and Investing in Them
- HubSpot’s Growth in CRM: Can It Compete With Salesforce?
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Neurogene Stock Plummets 44%: Is All Hope Lost for This Biotech?”
Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Co. plc (NYSE:ETN – Free Report).
Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.