Aspiriant LLC Buys 213 Shares of Eaton Co. plc (NYSE:ETN)

Aspiriant LLC raised its stake in Eaton Co. plc (NYSE:ETN) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,294 shares of the industrial products company’s stock after buying an additional 213 shares during the period. Aspiriant LLC’s holdings in Eaton were worth $405,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ETN. O Shaughnessy Asset Management LLC increased its holdings in shares of Eaton by 28.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 44,685 shares of the industrial products company’s stock worth $9,530,000 after buying an additional 9,854 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of Eaton by 3.1% during the 3rd quarter. Mutual Advisors LLC now owns 2,358 shares of the industrial products company’s stock valued at $503,000 after purchasing an additional 71 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Eaton by 12.7% during the 3rd quarter. Mather Group LLC. now owns 3,090 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 347 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Eaton by 329.8% during the 3rd quarter. Valley National Advisers Inc. now owns 447 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 343 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Eaton by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 180,686 shares of the industrial products company’s stock valued at $38,537,000 after purchasing an additional 903 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Down 0.4 %

Shares of NYSE ETN opened at $313.94 on Friday. Eaton Co. plc has a 1 year low of $191.82 and a 1 year high of $345.19. The stock has a market cap of $125.51 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 2.64 and a beta of 1.04. The firm has a 50-day moving average of $325.05 and a 200 day moving average of $291.63. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.05.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.12. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Eaton had a net margin of 14.38% and a return on equity of 20.69%. Eaton’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $1.88 EPS. As a group, sell-side analysts expect that Eaton Co. plc will post 10.56 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 6th were paid a $0.94 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.76 annualized dividend and a dividend yield of 1.20%. Eaton’s dividend payout ratio is presently 44.39%.

Insider Transactions at Eaton

In other news, insider Peter Denk sold 2,416 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $331.84, for a total value of $801,725.44. Following the transaction, the insider now owns 5,086 shares in the company, valued at $1,687,738.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ETN. Argus increased their target price on shares of Eaton from $290.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Royal Bank of Canada raised shares of Eaton from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $286.00 to $371.00 in a report on Friday, April 5th. Wolfe Research reissued an “underperform” rating and issued a $312.00 price target on shares of Eaton in a report on Monday, April 8th. The Goldman Sachs Group raised their price target on shares of Eaton from $287.00 to $328.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Berenberg Bank raised their target price on shares of Eaton from $200.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.27.

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.