ORG Wealth Partners LLC Sells 64 Shares of Eaton Co. plc (NYSE:ETN)

ORG Wealth Partners LLC lessened its holdings in shares of Eaton Co. plc (NYSE:ETN) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 359 shares of the industrial products company’s stock after selling 64 shares during the quarter. ORG Wealth Partners LLC’s holdings in Eaton were worth $119,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Franklin Street Advisors Inc. NC boosted its position in shares of Eaton by 8.9% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 47,175 shares of the industrial products company’s stock valued at $15,656,000 after acquiring an additional 3,843 shares during the last quarter. ORG Partners LLC boosted its position in shares of Eaton by 90.7% during the 4th quarter. ORG Partners LLC now owns 946 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 450 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Eaton by 36.9% during the 4th quarter. Fulton Bank N.A. now owns 7,117 shares of the industrial products company’s stock valued at $2,362,000 after acquiring an additional 1,917 shares during the last quarter. Park National Corp OH boosted its position in shares of Eaton by 2.1% during the 4th quarter. Park National Corp OH now owns 2,779 shares of the industrial products company’s stock valued at $922,000 after acquiring an additional 58 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC bought a new stake in shares of Eaton during the 4th quarter valued at about $532,000. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ETN shares. Bank of America raised their price objective on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein started coverage on Eaton in a report on Tuesday, November 5th. They set an “outperform” rating and a $382.00 price objective on the stock. UBS Group started coverage on Eaton in a report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price objective on the stock. Evercore ISI cut Eaton from an “outperform” rating to an “inline” rating and raised their price objective for the company from $333.00 to $389.00 in a report on Wednesday, November 13th. Finally, Mizuho raised their price objective on Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $369.28.

Eaton Price Performance

ETN opened at $341.54 on Friday. 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 52-week low of $236.04 and a 52-week high of $379.99. The stock has a market capitalization of $134.98 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06. The stock’s 50 day moving average price is $355.14 and its 200-day moving average price is $328.82.

Eaton (NYSE:ETN) last posted its earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) 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 firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the previous year, the firm earned $2.47 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Eaton Co. plc will post 10.8 EPS for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, November 4th. Eaton’s dividend payout ratio (DPR) is 40.00%.

Insiders Place Their Bets

In other Eaton news, insider Craig Arnold sold 61,569 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $360.97, for a total value of $22,224,561.93. Following the sale, the insider now directly owns 506,360 shares of the company’s stock, valued at approximately $182,780,769.20. The trade was a 10.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory R. Page sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $355.98, for a total value of $3,559,800.00. Following the transaction, the director now directly owns 43,203 shares in the company, valued at approximately $15,379,403.94. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,981 shares of company stock valued at $27,660,117. 0.53% of the stock is currently owned by corporate insiders.

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.