Delos Wealth Advisors LLC Acquires 131 Shares of Eaton Co. plc (NYSE:ETN)

Delos Wealth Advisors LLC increased its holdings in Eaton Co. plc (NYSE:ETN) by 189.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200 shares of the industrial products company’s stock after purchasing an additional 131 shares during the period. Delos Wealth Advisors LLC’s holdings in Eaton were worth $48,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Eaton by 0.5% during the third quarter. Vanguard Group Inc. now owns 36,336,041 shares of the industrial products company’s stock worth $7,749,751,000 after buying an additional 176,900 shares during the period. FMR LLC boosted its position in Eaton by 36.0% in the 3rd quarter. FMR LLC now owns 19,921,979 shares of the industrial products company’s stock valued at $4,248,960,000 after buying an additional 5,270,331 shares during the period. Northern Trust Corp increased its position in shares of Eaton by 2.2% during the third quarter. Northern Trust Corp now owns 5,009,435 shares of the industrial products company’s stock worth $1,068,412,000 after acquiring an additional 109,775 shares during the period. Raymond James & Associates raised its stake in shares of Eaton by 3.8% during the fourth quarter. Raymond James & Associates now owns 3,739,725 shares of the industrial products company’s stock valued at $900,600,000 after acquiring an additional 138,465 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Eaton by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,163,432 shares of the industrial products company’s stock valued at $520,998,000 after purchasing an additional 27,386 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Eaton

In related news, insider Heath B. Monesmith sold 13,027 shares of the business’s stock in a transaction on 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 in the company, valued at $20,244,140.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Olivier Leonetti sold 4,461 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were 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 directly owns 630 shares in the company, valued at $171,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heath B. Monesmith sold 13,027 shares of Eaton stock in a transaction on 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,635 shares of company stock worth $6,311,392. Company insiders own 0.33% of the company’s stock.

Eaton Stock Performance

Shares of NYSE:ETN traded up $3.00 on Thursday, hitting $333.40. 1,487,142 shares of the company were exchanged, compared to its average volume of 2,012,587. Eaton Co. plc has a 1-year low of $165.24 and a 1-year high of $333.45. The stock’s 50 day moving average price is $311.28 and its 200 day moving average price is $265.01. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $133.29 billion, a P/E ratio of 39.35, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06.

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

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid 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 dividend yield of 1.13%. Eaton’s payout ratio is currently 44.39%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ETN. JPMorgan Chase & Co. lifted their target price on Eaton from $279.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their price objective on shares of Eaton from $287.00 to $328.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Barclays raised shares of Eaton from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $250.00 to $300.00 in a research report on Tuesday, April 2nd. Bank of America increased their price objective on shares of Eaton from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, HSBC upped their target price on Eaton from $240.00 to $280.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and a consensus target price of $314.27.

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.