Sepio Capital LP Has $530,000 Holdings in Eaton Co. plc (NYSE:ETN)

Sepio Capital LP raised its position in shares of Eaton Co. plc (NYSE:ETN) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,596 shares of the industrial products company’s stock after acquiring an additional 47 shares during the period. Sepio Capital LP’s holdings in Eaton were worth $530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ETN. Vanguard Group Inc. raised its stake in Eaton by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 37,217,906 shares of the industrial products company’s stock valued at $12,351,506,000 after purchasing an additional 99,291 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Eaton by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 8,198,412 shares of the industrial products company’s stock worth $2,714,677,000 after purchasing an additional 129,071 shares during the period. Norges Bank acquired a new position in shares of Eaton during the fourth quarter valued at about $1,495,582,000. Franklin Resources Inc. grew its position in Eaton by 13.3% during the fourth quarter. Franklin Resources Inc. now owns 2,744,691 shares of the industrial products company’s stock worth $910,881,000 after buying an additional 323,065 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Eaton by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,255,566 shares of the industrial products company’s stock valued at $748,555,000 after acquiring an additional 37,138 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ETN. Royal Bank of Canada reduced their price objective on Eaton from $405.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Melius cut Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price for the company. in a research report on Tuesday, January 28th. StockNews.com lowered shares of Eaton from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Melius Research reaffirmed a “hold” rating and set a $373.00 price objective on shares of Eaton in a report on Tuesday, January 28th. Finally, Evercore ISI lowered their target price on shares of Eaton from $382.00 to $326.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.68.

Eaton Price Performance

Eaton stock opened at $246.36 on Monday. Eaton Co. plc has a 52 week low of $222.60 and a 52 week high of $379.99. The firm has a market cap of $96.52 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. The business’s fifty day moving average is $296.43 and its two-hundred day moving average is $330.24.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $2.55 EPS. Equities research analysts forecast that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Eaton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, March 10th. This is a boost from Eaton’s previous quarterly dividend of $0.94. Eaton’s payout ratio is 43.79%.

Eaton Company 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.