Eaton Co. plc (NYSE:ETN) Shares Purchased by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its stake in Eaton Co. plc (NYSE:ETN – Get Rating) by 37.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,748 shares of the industrial products company’s stock after acquiring an additional 1,292 shares during the quarter. IHT Wealth Management LLC’s holdings in Eaton were worth $633,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alpha Paradigm Partners LLC acquired a new stake in Eaton during the 2nd quarter worth approximately $31,000. TimeScale Financial Inc. lifted its holdings in Eaton by 102.5% during the 3rd quarter. TimeScale Financial Inc. now owns 243 shares of the industrial products company’s stock worth $32,000 after buying an additional 123 shares in the last quarter. Ten Capital Wealth Advisors LLC acquired a new stake in Eaton during the 3rd quarter worth approximately $32,000. Karp Capital Management Corp acquired a new stake in Eaton during the 3rd quarter worth approximately $39,000. Finally, Carolinas Wealth Consulting LLC lifted its holdings in Eaton by 4,183.1% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 11,136 shares of the industrial products company’s stock worth $44,000 after buying an additional 10,876 shares in the last quarter. 80.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Eaton news, insider Joao V. Faria sold 2,326 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $171.23, for a total transaction of $398,280.98. Following the transaction, the insider now directly owns 77,626 shares of the company’s stock, valued at approximately $13,291,899.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Eaton news, insider Joao V. Faria sold 2,326 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $171.23, for a total transaction of $398,280.98. Following the transaction, the insider now directly owns 77,626 shares of the company’s stock, valued at approximately $13,291,899.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joao V. Faria sold 2,000 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $169.00, for a total transaction of $338,000.00. Following the completion of the sale, the insider now owns 67,166 shares of the company’s stock, valued at approximately $11,351,054. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,377 shares of company stock valued at $5,864,193. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ETN has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Eaton from $169.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Eaton from $175.00 to $188.00 in a report on Thursday, February 9th. Royal Bank of Canada raised their price objective on shares of Eaton from $149.00 to $161.00 and gave the company a “sector perform” rating in a report on Thursday, February 9th. Barclays raised their price objective on shares of Eaton from $130.00 to $148.00 and gave the company an “underweight” rating in a report on Thursday, February 9th. Finally, Mizuho raised their price objective on shares of Eaton from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, January 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Eaton Trading Down 2.6 %

NYSE ETN opened at $160.15 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.38 and a quick ratio of 0.84. The firm’s fifty day moving average price is $167.27 and its 200 day moving average price is $156.08. The company has a market capitalization of $63.74 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. Eaton Co. plc has a 12 month low of $122.50 and a 12 month high of $178.75.

Eaton (NYSE:ETN – Get Rating) last posted its earnings results on Wednesday, February 8th. The industrial products company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.01. Eaton had a net margin of 11.86% and a return on equity of 18.31%. The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the firm posted $1.72 EPS. The company’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts expect that Eaton Co. plc will post 8.24 earnings per share for the current fiscal year.

Eaton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Monday, March 6th will be given a dividend of $0.86 per share. This is an increase from Eaton’s previous quarterly dividend of $0.81. This represents a $3.44 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, March 3rd. Eaton’s dividend payout ratio (DPR) is presently 55.94%.

Eaton Profile

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Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global, Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service.