Eaton Co. plc (NYSE:ETN) Holdings Cut by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC trimmed its stake in shares of Eaton Co. plc (NYSE:ETN) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,806 shares of the industrial products company’s stock after selling 339 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Eaton were worth $12,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ETN. Chicago Partners Investment Group LLC boosted its holdings in shares of Eaton by 100.9% during the third quarter. Chicago Partners Investment Group LLC now owns 3,078 shares of the industrial products company’s stock valued at $1,062,000 after acquiring an additional 1,546 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Eaton by 9.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 251,983 shares of the industrial products company’s stock worth $83,517,000 after purchasing an additional 22,637 shares during the last quarter. Kanawha Capital Management LLC acquired a new stake in shares of Eaton in the third quarter valued at approximately $207,000. Vestor Capital LLC bought a new stake in shares of Eaton during the third quarter valued at approximately $4,118,000. Finally, Wetzel Investment Advisors Inc. grew its holdings in Eaton by 1.5% in the 3rd quarter. Wetzel Investment Advisors Inc. now owns 3,073 shares of the industrial products company’s stock worth $1,019,000 after buying an additional 44 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Eaton

In other news, Director Gregory R. Page sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $355.98, for a total value of $3,559,800.00. Following the completion of the sale, the director now directly owns 43,203 shares of the company’s stock, valued at $15,379,403.94. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.

Eaton Price Performance

NYSE ETN opened at $277.71 on Tuesday. Eaton Co. plc has a 1 year low of $255.65 and a 1 year high of $379.99. The stock’s 50-day moving average price is $325.70 and its two-hundred day moving average price is $332.62. The company has a market cap of $109.75 billion, a PE ratio of 29.23, a PEG ratio of 2.64 and a beta of 1.05. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.01. Eaton had a net margin of 15.25% and a return on equity of 22.62%. During the same quarter in the previous year, the business posted $2.55 EPS. On average, analysts predict that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a dividend of $1.04 per share. The ex-dividend date is Monday, March 10th. This is a positive change from Eaton’s previous quarterly dividend of $0.94. This represents a $4.16 dividend on an annualized basis and a yield of 1.50%. Eaton’s dividend payout ratio (DPR) is presently 43.79%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ETN shares. Barclays cut their target price on Eaton from $353.00 to $325.00 and set an “equal weight” rating on the stock in a research note on Monday. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Eaton in a report on Thursday, February 13th. Citigroup lowered their target price on shares of Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, Melius lowered shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 price objective on the stock. in a research note on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.65.

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.