1 week Ago By ABMN Staff
Private Advisor Group LLC increased its position in Eaton Co. plc ( NYSE:ETN – Free Report ) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 33,056 shares of the industrial products company’s stock after acquiring an additional 1,838 shares during the period. Private Advisor Group LLC’s holdings in Eaton were worth $10,365,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business.
Gryphon Financial Partners LLC boosted its position in shares of Eaton by 81.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,348 shares of the industrial products company’s stock valued at $565,000 after buying an additional 1,053 shares during the last quarter.
Principal Securities Inc. bought a new stake in shares of Eaton in the fourth quarter worth approximately $1,043,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Eaton by 54.
4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 8,111 shares of the industrial products company’s stock worth $1,953,000 after acquiring an additional 2,859 shares during the period. Johnson Investment Counsel Inc.
raised its holdings in shares of Eaton by 2.3% during the fourth quarter. Johnson Investment Counsel Inc.
now owns 7,622 shares of the industrial products company’s stock valued at $1,836,000 after purchasing an additional 172 shares during the last quarter. Finally, Invst LLC bought a new position in Eaton during the fourth quarter valued at approximately $217,000. 82.
97% of the stock is owned by institutional investors. Insider Activity In related news, insider Heath B. Monesmith sold 49,040 shares of the firm’s stock in a transaction on Thursday, August 15th.
The shares were sold at an average price of $301.02, for a total transaction of $14,762,020.80.
Following the completion of the transaction, the insider now directly owns 71,262 shares of the company’s stock, valued at $21,451,287.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
In other news, Director Dorothy C. Thompson purchased 2,205 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $300.
30 per share, with a total value of $662,161.50. Following the completion of the purchase, the director now owns 2,205 shares in the company, valued at $662,161.
50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Heath B.
Monesmith sold 49,040 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $301.02, for a total value of $14,762,020.
80. Following the transaction, the insider now owns 71,262 shares of the company’s stock, valued at approximately $21,451,287.24.
The disclosure for this sale can be found here . Insiders have sold a total of 52,511 shares of company stock worth $15,809,326 over the last quarter. Insiders own 0.
53% of the company’s stock. Eaton Stock Down 0.3 % Eaton ( NYSE:ETN – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st.
The industrial products company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.61 by $0.
12. Eaton had a return on equity of 21.45% and a net margin of 15.
12%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.
35 billion. On average, sell-side analysts forecast that Eaton Co. plc will post 10.
74 earnings per share for the current fiscal year. Eaton Announces Dividend The business also recently disclosed 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.
32%. The ex-dividend date of this dividend was Monday, August 5th. Eaton’s dividend payout ratio (DPR) is currently 44.
39%. Analyst Ratings Changes A number of brokerages have weighed in on ETN. Jefferies Financial Group boosted their target price on shares of Eaton from $370.
00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Raymond James started coverage on Eaton in a report on Friday, June 28th.
They issued an “outperform” rating and a $375.00 target price on the stock. Barclays boosted their price target on Eaton from $318.
00 to $319.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Evercore ISI lowered their price objective on shares of Eaton from $357.
00 to $333.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Wells Fargo & Company cut their target price on shares of Eaton from $320.
00 to $315.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock.
According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $335.76. Get Our Latest Analysis on ETN 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. See Also Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter .
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