M&R Capital Management Inc. Sells 1,135 Shares of Eaton Co. plc (NYSE:ETN)

M&R Capital Management Inc. lowered its position in shares of Eaton Co. plc (NYSE:ETN – Get Rating) by 13.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,185 shares of the industrial products company’s stock after selling 1,135 shares during the period. M&R Capital Management Inc.’s holdings in Eaton were worth $1,128,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TimeScale Financial Inc. grew its position in shares of Eaton by 102.5% in the 3rd quarter. TimeScale Financial Inc. now owns 243 shares of the industrial products company’s stock valued at $32,000 after buying an additional 123 shares during the last quarter. Ten Capital Wealth Advisors LLC bought a new stake in shares of Eaton in the 3rd quarter valued at about $32,000. Alpha Paradigm Partners LLC bought a new stake in shares of Eaton in the 2nd quarter valued at about $31,000. Align Wealth Management LLC bought a new stake in shares of Eaton in the 4th quarter valued at about $37,000. Finally, Karp Capital Management Corp bought a new stake in shares of Eaton in the 3rd quarter valued at about $39,000. Institutional investors own 80.19% of the company’s stock.

Insider Activity

In other news, insider Brian S. Brickhouse sold 21,347 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $176.97, for a total value of $3,777,778.59. Following the completion of the transaction, the insider now directly owns 15,905 shares of the company’s stock, valued at $2,814,707.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Brian S. Brickhouse sold 21,347 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $176.97, for a total value of $3,777,778.59. Following the completion of the transaction, the insider now directly owns 15,905 shares of the company’s stock, valued at $2,814,707.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joao V. Faria sold 2,326 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $171.23, for a total value of $398,280.98. Following the completion of the transaction, the insider now directly owns 77,626 shares of the company’s stock, valued at $13,291,899.98. The disclosure for this sale can be found here. Insiders sold a total of 33,377 shares of company stock valued at $5,864,193 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com began coverage on Eaton in a research report on Thursday. They issued a “strong-buy” rating on the stock. Mizuho upped their target price on Eaton from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 13th. Wells Fargo & Company upped their target price on Eaton from $169.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, February 9th. Oppenheimer lowered Eaton from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 6th. Finally, Bank of America upped their target price on Eaton from $180.00 to $200.00 in a research report on Wednesday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $173.00.

Eaton Stock Down 2.6 %

Shares of Eaton stock traded down $4.23 on Friday, hitting $160.15. The company had a trading volume of 6,000,390 shares, compared to its average volume of 1,988,002. The stock has a market capitalization of $63.74 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 1.89 and a beta of 1.13. Eaton Co. plc has a 1 year low of $122.50 and a 1 year high of $178.75. The stock has a 50 day moving average of $167.27 and a 200-day moving average of $155.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.84 and a current ratio of 1.38.

Eaton (NYSE:ETN – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The industrial products company reported $2.06 EPS for the quarter, topping the consensus estimate of $2.05 by $0.01. The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.34 billion. Eaton had a return on equity of 18.31% and a net margin of 11.86%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 earnings per share. As a group, sell-side analysts forecast that Eaton Co. plc will post 8.24 earnings per share for the current year.

Eaton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Monday, March 6th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Friday, March 3rd. This is a positive change from Eaton’s previous quarterly dividend of $0.81. This represents a $3.44 annualized dividend and a dividend yield of 2.15%. Eaton’s dividend payout ratio is currently 55.94%.

Eaton Profile

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Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global, Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service.