J.W. Cole Advisors Inc. Has $419,000 Position in Eaton Co. plc (NYSE:ETN)

J.W. Cole Advisors Inc. boosted its holdings in Eaton Co. plc (NYSE:ETN) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,741 shares of the industrial products company’s stock after purchasing an additional 93 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Eaton were worth $419,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Wetzel Investment Advisors Inc. acquired a new stake in Eaton in the 4th quarter valued at $768,000. Greenleaf Trust boosted its holdings in Eaton by 2.3% during the 4th quarter. Greenleaf Trust now owns 17,474 shares of the industrial products company’s stock worth $4,208,000 after acquiring an additional 392 shares during the last quarter. Naples Money Management LLC purchased a new position in Eaton during the 4th quarter worth $2,697,000. John G Ullman & Associates Inc. purchased a new position in Eaton during the 4th quarter worth $202,000. Finally, Beaumont Financial Advisors LLC boosted its holdings in Eaton by 8.6% during the 4th quarter. Beaumont Financial Advisors LLC now owns 1,254 shares of the industrial products company’s stock worth $302,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ETN shares. The Goldman Sachs Group lifted their price objective on shares of Eaton from $287.00 to $328.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Mizuho lifted their price objective on shares of Eaton from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Evercore ISI lifted their target price on Eaton from $262.00 to $308.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Bank of America lifted their target price on Eaton from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Berenberg Bank lifted their target price on Eaton from $200.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $295.60.

Insider Transactions at Eaton

In other news, insider Olivier Leonetti sold 4,461 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $272.00, for a total transaction of $1,213,392.00. Following the completion of the transaction, the insider now owns 630 shares of the company’s stock, valued at $171,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Olivier Leonetti sold 4,461 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $272.00, for a total transaction of $1,213,392.00. Following the completion of the transaction, the insider now owns 630 shares of the company’s stock, valued at $171,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ernest W. Marshall, Jr. sold 19,750 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $273.17, for a total value of $5,395,107.50. Following the completion of the sale, the insider now directly owns 29,712 shares of the company’s stock, valued at approximately $8,116,427.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,969 shares of company stock valued at $10,904,774. 0.33% of the stock is owned by corporate insiders.

Eaton Trading Up 1.6 %

Shares of Eaton stock opened at $312.90 on Wednesday. The stock’s 50-day simple moving average is $302.20 and its 200 day simple moving average is $256.66. Eaton Co. plc has a 52-week low of $161.12 and a 52-week high of $331.47. The stock has a market capitalization of $125.00 billion, a P/E ratio of 39.02, a P/E/G ratio of 2.51 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 (NYSE:ETN) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.08. Eaton had a return on equity of 20.05% and a net margin of 13.88%. The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the business posted $2.06 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. As a group, research analysts anticipate that Eaton Co. plc will post 10.28 EPS for the current year.

Eaton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.20%. Eaton’s payout ratio is 46.88%.

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.