Everpar Advisors LLC Takes $710,000 Position in Eaton Co. plc (NYSE:ETN)

Everpar Advisors LLC purchased a new stake in Eaton Co. plc (NYSE:ETN) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,948 shares of the industrial products company’s stock, valued at approximately $710,000.

Several other large investors have also recently added to or reduced their stakes in ETN. Tennessee Valley Asset Management Partners acquired a new position in shares of Eaton in the fourth quarter valued at about $25,000. Valued Wealth Advisors LLC acquired a new position in shares of Eaton during the 4th quarter worth approximately $35,000. Chilton Capital Management LLC bought a new position in shares of Eaton during the fourth quarter worth approximately $35,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Eaton in the third quarter valued at approximately $39,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Eaton in the fourth quarter valued at approximately $46,000. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Eaton

In other Eaton news, insider Ernest W. Marshall, Jr. sold 19,750 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $273.17, for a total transaction of $5,395,107.50. Following the completion of the sale, the insider now directly owns 29,712 shares in the company, valued at approximately $8,116,427.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Eaton news, insider Ernest W. Marshall, Jr. sold 19,750 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $273.17, for a total transaction of $5,395,107.50. Following the transaction, the insider now directly owns 29,712 shares in the company, valued at approximately $8,116,427.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Denk sold 1,731 shares of Eaton stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $288.97, for a total transaction of $500,207.07. Following the completion of the sale, the insider now owns 5,514 shares of the company’s stock, valued at approximately $1,593,380.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,969 shares of company stock worth $10,904,774. Company insiders own 0.33% of the company’s stock.

Eaton Trading Up 0.0 %

NYSE ETN traded up $0.06 on Tuesday, hitting $327.30. The company’s stock had a trading volume of 1,792,924 shares, compared to its average volume of 2,025,208. The firm has a market cap of $130.85 billion, a PE ratio of 38.64, a PEG ratio of 2.54 and a beta of 1.06. The company’s 50-day moving average is $310.41 and its 200 day moving average is $264.55. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.42. Eaton Co. plc has a 1-year low of $165.24 and a 1-year high of $333.05.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.12. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.91 billion. Eaton had a return on equity of 20.69% and a net margin of 14.38%. Eaton’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. As a group, analysts predict that Eaton Co. plc will post 10.45 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $3.76 annualized dividend and a yield of 1.15%. Eaton’s payout ratio is 44.39%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. HSBC increased their target price on Eaton from $240.00 to $280.00 and gave the stock a “hold” rating in a report on Friday. Citigroup upped their price target on shares of Eaton from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Mizuho reissued a “buy” rating and issued a $355.00 price objective (up from $340.00) on shares of Eaton in a research note on Wednesday, May 1st. UBS Group upped their target price on Eaton from $255.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Bank of America lifted their price target on Eaton from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $314.27.

About Eaton

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.