Eaton Co. plc (NYSE:ETN) Shares Sold by Little House Capital LLC

Little House Capital LLC cut its position in Eaton Co. plc (NYSE:ETN) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,460 shares of the industrial products company’s stock after selling 420 shares during the quarter. Little House Capital LLC’s holdings in Eaton were worth $352,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ETN. Avior Wealth Management LLC lifted its position in Eaton by 69.5% during the 3rd quarter. Avior Wealth Management LLC now owns 222 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 91 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in Eaton by 14.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 13,122 shares of the industrial products company’s stock worth $2,799,000 after acquiring an additional 1,652 shares during the period. Charles Schwab Trust Co acquired a new stake in Eaton during the 3rd quarter worth approximately $209,000. Golden State Equity Partners lifted its position in Eaton by 6.7% during the 3rd quarter. Golden State Equity Partners now owns 1,892 shares of the industrial products company’s stock worth $404,000 after acquiring an additional 118 shares during the period. Finally, Lake Street Financial LLC lifted its position in Eaton by 23.8% during the 3rd quarter. Lake Street Financial LLC now owns 1,933 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 372 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ETN has been the subject of a number of recent research reports. UBS Group increased their price objective on Eaton from $255.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mizuho increased their target price on Eaton from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Bank of America increased 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. Berenberg Bank increased 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. Finally, Barclays raised Eaton from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $250.00 to $300.00 in a research note on Tuesday, April 2nd. One equities research 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 company currently has an average rating of “Moderate Buy” and an average price target of $295.60.

Eaton Price Performance

Shares of Eaton stock traded up $7.20 on Friday, hitting $324.30. The company had a trading volume of 2,305,692 shares, compared to its average volume of 2,383,996. The business has a 50-day simple moving average of $304.82 and a 200-day simple moving average of $258.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.51 and a quick ratio of 1.02. The company has a market cap of $129.56 billion, a PE ratio of 40.44, a PEG ratio of 2.69 and a beta of 1.07. Eaton Co. plc has a 52 week low of $162.04 and a 52 week high of $331.47.

Eaton (NYSE:ETN) last issued its earnings results on Thursday, February 1st. The industrial products company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.08. Eaton had a net margin of 13.88% and a return on equity of 20.05%. The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the firm posted $2.06 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Research analysts expect that Eaton Co. plc will post 10.28 EPS for the current fiscal year.

Eaton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.94 dividend. The ex-dividend date is Friday, May 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 1.16%. Eaton’s payout ratio is presently 46.88%.

Insider Activity at Eaton

In other Eaton news, insider Heath B. Monesmith sold 13,027 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $291.40, for a total value of $3,796,067.80. Following the sale, the insider now directly owns 69,472 shares in the company, valued at approximately $20,244,140.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Heath B. Monesmith sold 13,027 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $291.40, for a total transaction of $3,796,067.80. Following the completion of the transaction, the insider now directly owns 69,472 shares of the company’s stock, valued at approximately $20,244,140.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Denk sold 1,731 shares of Eaton stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $288.97, for a total transaction of $500,207.07. Following the transaction, the insider now directly owns 5,514 shares of the company’s stock, valued at $1,593,380.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,969 shares of company stock worth $10,904,774. 0.53% of the stock is owned by insiders.

Eaton 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.