F M Investments LLC Has $12.55 Million Holdings in Eaton Co. plc (NYSE:ETN)

F M Investments LLC boosted its position in shares of Eaton Co. plc (NYSE:ETN) by 7.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,823 shares of the industrial products company’s stock after purchasing an additional 2,605 shares during the period. F M Investments LLC’s holdings in Eaton were worth $12,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CenterBook Partners LP acquired a new position in Eaton during the fourth quarter valued at approximately $424,000. DRW Securities LLC raised its holdings in shares of Eaton by 165.0% during the 4th quarter. DRW Securities LLC now owns 12,043 shares of the industrial products company’s stock worth $3,997,000 after buying an additional 7,498 shares in the last quarter. Faithward Advisors LLC lifted its position in shares of Eaton by 2.2% during the 4th quarter. Faithward Advisors LLC now owns 3,839 shares of the industrial products company’s stock worth $1,274,000 after buying an additional 82 shares during the last quarter. APG Asset Management N.V. boosted its stake in Eaton by 607.7% in the fourth quarter. APG Asset Management N.V. now owns 412,788 shares of the industrial products company’s stock valued at $132,295,000 after buying an additional 354,459 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Eaton by 24.8% in the fourth quarter. Advisory Services Network LLC now owns 39,976 shares of the industrial products company’s stock valued at $13,267,000 after acquiring an additional 7,946 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Price Performance

Shares of ETN opened at $284.47 on Thursday. The firm has a market cap of $111.45 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a 52-week low of $231.85 and a 52-week high of $379.99. 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 50 day moving average price is $291.02 and its two-hundred day moving average price is $327.97.

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

Eaton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.46%. This is an increase from Eaton’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Monday, March 10th. Eaton’s payout ratio is currently 43.79%.

Analyst Ratings Changes

ETN has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Eaton from $335.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. KeyCorp decreased their target price on shares of Eaton from $340.00 to $325.00 and set an “overweight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on Eaton from $350.00 to $289.00 and set an “overweight” rating on the stock in a research report on Tuesday. StockNews.com downgraded Eaton from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Barclays lowered their price objective on Eaton from $315.00 to $306.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and an average target price of $355.06.

About Eaton

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.