Wealthcare Advisory Partners LLC Purchases 1,777 Shares of Eaton Co. plc (NYSE:ETN)

Wealthcare Advisory Partners LLC boosted its holdings in shares of Eaton Co. plc (NYSE:ETN) by 125.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,189 shares of the industrial products company’s stock after acquiring an additional 1,777 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Eaton were worth $768,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new stake in Eaton during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC bought a new position in shares of Eaton in the fourth quarter valued at approximately $35,000. Chilton Capital Management LLC bought a new stake in shares of Eaton during the 4th quarter worth $35,000. Authentikos Wealth Advisory LLC acquired a new position in Eaton in the 3rd quarter valued at $39,000. Finally, Fortitude Family Office LLC bought a new position in Eaton in the 4th quarter worth $46,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eaton

In other news, insider Peter Denk sold 1,731 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $288.97, for a total value of $500,207.07. Following the completion of the transaction, the insider now owns 5,514 shares in the company, valued at approximately $1,593,380.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Peter Denk sold 1,731 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $288.97, for a total value of $500,207.07. Following the completion of the transaction, the insider now directly owns 5,514 shares of the company’s stock, valued at $1,593,380.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heath B. Monesmith sold 13,027 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $291.40, for a total transaction of $3,796,067.80. Following the completion of the sale, the insider now owns 69,472 shares of the company’s stock, valued at approximately $20,244,140.80. The disclosure for this sale can be found here. Insiders have sold a total of 19,219 shares of company stock valued at $5,509,667 over the last 90 days. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ETN has been the topic of several research analyst reports. The Goldman Sachs Group raised their price target on Eaton from $287.00 to $328.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Royal Bank of Canada upgraded Eaton from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $286.00 to $371.00 in a report on Friday, April 5th. Mizuho restated a “buy” rating and issued a $355.00 price objective (up previously from $340.00) on shares of Eaton in a research note on Wednesday, May 1st. Barclays upgraded Eaton from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $250.00 to $300.00 in a research note on Tuesday, April 2nd. Finally, Citigroup increased their price target on shares of Eaton from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eaton presently has an average rating of “Moderate Buy” and a consensus price target of $314.27.

Eaton Trading Up 0.9 %

Shares of NYSE:ETN opened at $330.40 on Thursday. The firm has a market cap of $132.09 billion, a price-to-earnings ratio of 39.01, a PEG ratio of 2.54 and a beta of 1.06. Eaton Co. plc has a 12 month low of $165.24 and a 12 month high of $333.13. The company’s fifty day simple moving average is $310.41 and its 200 day simple moving average is $264.55. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.42.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.12. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.91 billion. Eaton had a return on equity of 20.69% and a net margin of 14.38%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. As a group, research analysts forecast that Eaton Co. plc will post 10.45 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.94 dividend. The ex-dividend date is Friday, May 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.14%. Eaton’s dividend payout ratio (DPR) is presently 44.39%.

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.