New Hampshire Trust Has $2.71 Million Stock Holdings in Eaton Co. plc (NYSE:ETN)

New Hampshire Trust boosted its stake in shares of Eaton Co. plc (NYSE:ETN) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,480 shares of the industrial products company’s stock after purchasing an additional 218 shares during the period. New Hampshire Trust’s holdings in Eaton were worth $2,711,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new stake in Eaton in the fourth quarter valued at approximately $30,000. Freedom Wealth Alliance LLC bought a new stake in Eaton in the fourth quarter valued at approximately $31,000. Steward Financial Group LLC bought a new stake in Eaton in the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new stake in Eaton in the first quarter valued at approximately $37,000. Finally, Armstrong Advisory Group Inc. raised its stake in Eaton by 189.4% in the second quarter. Armstrong Advisory Group Inc. now owns 246 shares of the industrial products company’s stock valued at $49,000 after buying an additional 161 shares during the period. 81.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Eaton

In other Eaton news, insider Heath B. Monesmith sold 9,831 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $221.12, for a total value of $2,173,830.72. Following the sale, the insider now owns 57,217 shares of the company’s stock, valued at approximately $12,651,823.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Heath B. Monesmith sold 9,831 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $221.12, for a total transaction of $2,173,830.72. Following the completion of the transaction, the insider now directly owns 57,217 shares of the company’s stock, valued at approximately $12,651,823.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Arnold sold 100,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $219.45, for a total value of $21,945,000.00. Following the transaction, the insider now directly owns 516,875 shares of the company’s stock, valued at $113,428,218.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,650 shares of company stock valued at $25,686,391. 0.53% of the stock is currently owned by corporate insiders.

Eaton Price Performance

Eaton stock traded down $4.51 during mid-day trading on Friday, reaching $217.64. 5,063,538 shares of the company were exchanged, compared to its average volume of 2,057,010. The company has a fifty day simple moving average of $217.52 and a 200-day simple moving average of $190.18. Eaton Co. plc has a 12 month low of $129.85 and a 12 month high of $240.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.53 and a quick ratio of 0.99. The firm has a market cap of $86.84 billion, a PE ratio of 32.15, a PEG ratio of 2.17 and a beta of 1.11.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.10. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.76 billion. Eaton had a return on equity of 19.06% and a net margin of 12.29%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $1.87 EPS. As a group, equities research analysts expect that Eaton Co. plc will post 8.81 earnings per share for the current fiscal year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 7th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, August 4th. Eaton’s dividend payout ratio is presently 50.81%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Eaton from $178.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Mizuho increased their target price on Eaton from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Barclays increased their target price on Eaton from $170.00 to $198.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 2nd. Wolfe Research lowered Eaton from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 11th. Finally, StockNews.com started coverage on Eaton in a research note on Thursday, August 17th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $211.93.

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.