Eaton Co. PLC (ETN) Shares Bought by Lipe & Dalton

Lipe & Dalton boosted its holdings in shares of Eaton Co. PLC (NYSE:ETN) by 302.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,287 shares of the industrial products company’s stock after buying an additional 15,242 shares during the period. Lipe & Dalton’s holdings in Eaton were worth $1,759,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Financial Architects Inc lifted its stake in Eaton by 2,675.0% during the third quarter. Financial Architects Inc now owns 1,221 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 1,177 shares during the last quarter. Reilly Financial Advisors LLC lifted its stake in Eaton by 145.3% during the third quarter. Reilly Financial Advisors LLC now owns 1,266 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 750 shares during the last quarter. Zions Bancorporation bought a new stake in Eaton during the second quarter worth about $113,000. Fort L.P. bought a new stake in Eaton during the second quarter worth about $116,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Eaton during the second quarter worth about $123,000. 77.29% of the stock is owned by institutional investors.

In related news, insider Ken D. Semelsberger sold 11,500 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $86.57, for a total transaction of $995,555.00. Following the transaction, the insider now owns 78,883 shares in the company, valued at approximately $6,828,901.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Revathi Advaithi sold 15,500 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $82.98, for a total value of $1,286,190.00. Following the transaction, the insider now owns 24,715 shares in the company, valued at approximately $2,050,850.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,000 shares of company stock worth $4,617,645. 0.50% of the stock is owned by company insiders.

A number of research firms have recently weighed in on ETN. Zacks Investment Research lowered Eaton from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Barclays boosted their target price on Eaton from $71.00 to $77.00 and gave the company an “underweight” rating in a research note on Wednesday, August 1st. Deutsche Bank boosted their target price on Eaton from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Gordon Haskett began coverage on Eaton in a research note on Friday, October 12th. They issued a “sell” rating for the company. Finally, ValuEngine raised Eaton from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $86.12.

NYSE ETN opened at $75.28 on Wednesday. Eaton Co. PLC has a 1-year low of $67.70 and a 1-year high of $89.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.49 and a quick ratio of 0.96. The stock has a market capitalization of $31.74 billion, a PE ratio of 16.19, a P/E/G ratio of 1.33 and a beta of 1.49.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.43. Eaton had a return on equity of 13.48% and a net margin of 10.06%. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter in the previous year, the business earned $1.25 EPS. Eaton’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Eaton Co. PLC will post 5.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $2.64 dividend on an annualized basis and a yield of 3.51%. Eaton’s dividend payout ratio is presently 56.77%.

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About Eaton

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.

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Institutional Ownership by Quarter for Eaton (NYSE:ETN)

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