J.W. Cole Advisors Inc. Raises Stock Position in Eaton Co. plc (NYSE:ETN)

J.W. Cole Advisors Inc. boosted its holdings in Eaton Co. plc (NYSE:ETNGet Rating) by 7,029.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 92,321 shares of the industrial products company’s stock after buying an additional 91,026 shares during the period. J.W. Cole Advisors Inc.’s holdings in Eaton were worth $88,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Eaton by 1.5% during the first quarter. Vanguard Group Inc. now owns 34,526,905 shares of the industrial products company’s stock valued at $5,239,803,000 after purchasing an additional 500,438 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Eaton by 5.5% in the 1st quarter. BlackRock Inc. now owns 27,959,368 shares of the industrial products company’s stock valued at $4,243,113,000 after acquiring an additional 1,449,671 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Eaton by 3.5% in the 1st quarter. JPMorgan Chase & Co. now owns 26,578,334 shares of the industrial products company’s stock valued at $4,033,527,000 after acquiring an additional 900,550 shares during the last quarter. State Street Corp lifted its holdings in shares of Eaton by 0.7% in the 4th quarter. State Street Corp now owns 16,615,642 shares of the industrial products company’s stock valued at $2,871,515,000 after acquiring an additional 115,947 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Eaton by 5.6% in the 1st quarter. Bank of America Corp DE now owns 14,218,498 shares of the industrial products company’s stock valued at $2,157,799,000 after acquiring an additional 752,368 shares during the last quarter. Hedge funds and other institutional investors own 80.54% of the company’s stock.

Insider Activity at Eaton

In other Eaton news, Director Deborah L. Mccoy sold 3,000 shares of Eaton stock in a transaction on Friday, August 5th. The shares were sold at an average price of $148.72, for a total value of $446,160.00. Following the transaction, the director now directly owns 12,856 shares of the company’s stock, valued at $1,911,944.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Eaton news, Director Deborah L. Mccoy sold 3,000 shares of Eaton stock in a transaction on Friday, August 5th. The shares were sold at an average price of $148.72, for a total value of $446,160.00. Following the transaction, the director now directly owns 12,856 shares of the company’s stock, valued at $1,911,944.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Roy Hopgood sold 1,500 shares of Eaton stock in a transaction on Monday, August 15th. The stock was sold at an average price of $151.70, for a total transaction of $227,550.00. Following the completion of the transaction, the insider now directly owns 7,593 shares in the company, valued at $1,151,858.10. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Eaton Stock Performance

Shares of ETN stock opened at $135.13 on Friday. The firm has a market cap of $53.82 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 1.68 and a beta of 1.20. The company’s 50 day moving average is $142.94 and its 200 day moving average is $141.63. The company has a quick ratio of 0.58, a current ratio of 0.97 and a debt-to-equity ratio of 0.38. Eaton Co. plc has a 52-week low of $122.50 and a 52-week high of $175.72.

Eaton (NYSE:ETNGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.05. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.22 billion. Eaton had a net margin of 11.70% and a return on equity of 17.04%. Eaton’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. On average, sell-side analysts anticipate that Eaton Co. plc will post 7.55 EPS for the current fiscal year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, August 11th. Eaton’s payout ratio is 56.15%.

Analyst Ratings Changes

A number of brokerages recently commented on ETN. Royal Bank of Canada increased their price target on shares of Eaton from $139.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, August 3rd. Mizuho raised their price objective on shares of Eaton from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Credit Suisse Group raised their price objective on shares of Eaton from $158.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. UBS Group decreased their price objective on shares of Eaton from $192.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Eaton from $178.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.15.

Eaton Company Profile

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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.

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Institutional Ownership by Quarter for Eaton (NYSE:ETN)

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