Fiducient Advisors LLC Makes New $273,000 Investment in Eaton Co. plc (NYSE:ETN)

Fiducient Advisors LLC acquired a new stake in Eaton Co. plc (NYSE:ETN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,132 shares of the industrial products company’s stock, valued at approximately $273,000.

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

Analyst Upgrades and Downgrades

ETN has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Eaton from $287.00 to $328.00 and gave the company a “buy” rating in a report on Friday, March 15th. Evercore ISI lifted their price objective on Eaton from $262.00 to $308.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Barclays raised Eaton from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $250.00 to $300.00 in a research note on Tuesday, April 2nd. Citigroup lifted their price target on shares of Eaton from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Wolfe Research reissued an “underperform” rating and set a $312.00 price objective on shares of Eaton in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Eaton has a consensus rating of “Moderate Buy” and an average price target of $295.60.

Eaton Stock Down 2.5 %

ETN traded down $8.15 on Tuesday, hitting $318.36. 5,279,264 shares of the company were exchanged, compared to its average volume of 2,011,462. The company has a market cap of $127.18 billion, a PE ratio of 39.70, a PEG ratio of 2.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.51. Eaton Co. plc has a 12 month low of $165.24 and a 12 month high of $333.05. The stock’s fifty day moving average is $306.65 and its 200-day moving average is $260.44.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.08. The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Eaton had a return on equity of 20.05% and a net margin of 13.88%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 EPS. Equities research analysts predict that Eaton Co. plc will post 10.28 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, May 3rd. This represents a $3.76 annualized dividend and a dividend yield of 1.18%. Eaton’s dividend payout ratio is currently 46.88%.

Insider Transactions at Eaton

In related news, insider Heath B. Monesmith sold 13,027 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $291.40, for a total transaction of $3,796,067.80. Following the sale, the insider now owns 69,472 shares of the company’s stock, valued at approximately $20,244,140.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Heath B. Monesmith sold 13,027 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $291.40, for a total transaction of $3,796,067.80. Following the transaction, the insider now owns 69,472 shares in the company, valued at approximately $20,244,140.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Peter Denk sold 1,731 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $288.97, for a total transaction of $500,207.07. Following the sale, the insider now owns 5,514 shares in the company, valued at approximately $1,593,380.58. The disclosure for this sale can be found here. Insiders sold 38,969 shares of company stock valued at $10,904,774 over the last three months. Company insiders own 0.33% of the company’s stock.

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.