2 weeks Ago By ABMN Staff
MBB Public Markets I LLC increased its stake in shares of Eaton Co. plc ( NYSE:ETN – Free Report ) by 1,753.7% during the 2nd quarter, Holdings Channel reports.
The fund owned 28,491 shares of the industrial products company’s stock after acquiring an additional 26,954 shares during the period. MBB Public Markets I LLC’s holdings in Eaton were worth $8,933,000 as of its most recent SEC filing. A number of other large investors have also bought and sold shares of the stock.
Dark Forest Capital Management LP bought a new position in shares of Eaton during the 2nd quarter worth about $400,000. DE Burlo Group Inc. raised its stake in Eaton by 74.
6% during the 2nd quarter. DE Burlo Group Inc. now owns 62,740 shares of the industrial products company’s stock worth $19,672,000 after buying an additional 26,800 shares during the period.
Electron Capital Partners LLC grew its stake in Eaton by 8,348.9% in the second quarter. Electron Capital Partners LLC now owns 446,524 shares of the industrial products company’s stock valued at $140,008,000 after acquiring an additional 441,239 shares during the period.
APG Asset Management N.V. increased its holdings in shares of Eaton by 33.
7% during the second quarter. APG Asset Management N.V.
now owns 199,553 shares of the industrial products company’s stock valued at $58,381,000 after acquiring an additional 50,340 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Eaton by 63.6% during the second quarter.
AQR Capital Management LLC now owns 509,906 shares of the industrial products company’s stock worth $159,881,000 after purchasing an additional 198,180 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity In other news, Director Dorothy C. Thompson bought 2,205 shares of the stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average cost of $300.
30 per share, for a total transaction of $662,161.50. Following the purchase, the director now directly owns 2,205 shares of the company’s stock, valued at approximately $662,161.
50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . In related news, insider Taras G.
Jr. Szmagala sold 335 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $288.
72, for a total value of $96,721.20. Following the transaction, the insider now directly owns 9,900 shares in the company, valued at $2,858,328.
The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, Director Dorothy C. Thompson acquired 2,205 shares of the stock in a transaction dated Tuesday, September 3rd.
The shares were bought at an average price of $300.30 per share, for a total transaction of $662,161.50.
Following the transaction, the director now owns 2,205 shares in the company, valued at approximately $662,161.50. The disclosure for this purchase can be found here .
Insiders have sold a total of 52,511 shares of company stock worth $15,809,326 over the last ninety days. Company insiders own 0.53% of the company’s stock.
Eaton Stock Up 1.4 % Eaton ( NYSE:ETN – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $2.
73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.12.
The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.35 billion.
Eaton had a return on equity of 21.45% and a net margin of 15.12%.
As a group, equities analysts predict that Eaton Co. plc will post 10.75 EPS for the current year.
Eaton Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 5th were issued a dividend of $0.94 per share.
This represents a $3.76 dividend on an annualized basis and a yield of 1.13%.
The ex-dividend date of this dividend was Monday, August 5th. Eaton’s payout ratio is presently 44.39%.
Wall Street Analysts Forecast Growth Several analysts recently issued reports on ETN shares. Evercore ISI reduced their price target on shares of Eaton from $357.00 to $333.
00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Jefferies Financial Group boosted their target price on shares of Eaton from $370.00 to $385.
00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Wells Fargo & Company dropped their price target on shares of Eaton from $320.00 to $315.
00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Raymond James decreased their price objective on Eaton from $375.00 to $365.
00 and set an “outperform” rating for the company in a report on Monday, September 9th. Finally, Barclays lifted their target price on Eaton from $318.00 to $319.
00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $337.
41. Get Our Latest Research Report on Eaton Eaton Profile ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Co. plc ( NYSE:ETN – Free Report ).
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