Eaton Co. plc (NYSE:ETN) Shares Sold by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC lowered its position in shares of Eaton Co. plc (NYSE:ETN) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,024 shares of the industrial products company’s stock after selling 82 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Eaton were worth $3,990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETN. United Bank acquired a new position in shares of Eaton during the third quarter worth $258,000. GSA Capital Partners LLP purchased a new stake in Eaton in the third quarter valued at $295,000. Prospera Private Wealth LLC lifted its position in Eaton by 4.8% in the third quarter. Prospera Private Wealth LLC now owns 896 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 41 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Eaton in the third quarter valued at $6,632,000. Finally, Howe & Rusling Inc. lifted its position in Eaton by 8.4% in the third quarter. Howe & Rusling Inc. now owns 900 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Trading Up 0.3 %

Shares of Eaton stock opened at $295.34 on Friday. Eaton Co. plc has a 52-week low of $255.65 and a 52-week high of $379.99. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The company’s 50-day simple moving average is $312.21 and its 200-day simple moving average is $331.15. The firm has a market cap of $115.71 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09.

Eaton (NYSE:ETN) last issued its earnings results 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 last year, the company earned $2.55 EPS. As a group, equities research analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current year.

Eaton Increases Dividend

The business also recently announced 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. This is a positive change from Eaton’s previous quarterly dividend of $0.94. This represents a $4.16 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, March 10th. Eaton’s dividend payout ratio is presently 43.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ETN shares. KeyCorp raised shares of Eaton from a “sector weight” rating to an “overweight” rating and set a $340.00 price target for the company in a research report on Wednesday, March 12th. Citigroup reduced their price target on shares of Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Melius Research reissued a “hold” rating and issued a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. Melius cut shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 price target for the company. in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reduced their target price on shares of Eaton from $405.00 to $376.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Eaton currently has a consensus rating of “Moderate Buy” and a consensus target price of $357.68.

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.