According to the most recent disclosure filed with the Securities and Exchange Commission, DekaBank Deutsche Girozentrale decreased its holdings in Eaton Co. plc (NYSE: ETN) by 16.7% in the third quarter of this year (SEC). The investment fund was left with 676,142 shares of the industrial products company’s stock at the end after selling 135,569 shares of the company’s stock throughout the period. According to the most recent filing DekaBank Deutsche Girozentrale made with the SEC, the financial institution owns approximately 0.17% of Eaton, which is currently worth $90,060,000.
Recent transactions involving the company’s stock included participation from hedge funds and a wide range of other types of institutional investors. During the second quarter, WFA of San Diego LLC invested nearly $25,000 into the position, which allowed the company to initiate a new stake in Eaton shares. During the second quarter, MV Capital Management Inc. brought the total percentage of Eaton stock that it owned up to 105.0% of its total stock holdings. MV Capital Management Inc. now holds 207 shares of the industrial products company’s stock, which it acquired by purchasing an additional 106 shares during the most recent quarter. The stock is currently valued at $26,000. The value of Alpha Paradigm Partners LLC’s stock portfolio increased by approximately $31,000 during the second quarter as a result of the addition of Eaton shares. During the third quarter of the fiscal year, TimeScale Financial Inc. increased the percentage of Eaton stock that it held by 102.5 percent. TimeScale Financial Inc. now has a total of 243 shares of the stock in the industrial goods business, which are currently valued at $32,000 after purchasing an additional 123 shares during the most recent quarter. These shares were purchased after TimeScale Financial Inc. Last. Still, not least, during the second quarter, Charter Oak Capital Management LLC increased its stake in Eaton by purchasing approximately 35,000 additional shares of the company’s stock. This was not the only investment the firm made during this period. Hedge funds and other institutional investors currently own most of the company’s shares.
Concerning ETN shares, the thoughts and opinions of equity specialists employed by various companies have been compiled. Wells Fargo & Company raised their price objective on Eaton’s stock on Thursday, January 5, in a research note that was made public. The new price objective is $163.00, increasing from $157.00. Additionally, an “equal weight” rating was given to the stock by the company. In a research report published on January 5, Barclays moved Eaton from an “underweight” rating to an “equal weight” rating and raised their price target on the stock from $124,000 to $130,000.
Additionally, they raised their price target on the stock from $124,000 to $130,000. Morgan Stanley upgraded its rating on the stock from “equal weight” to “overweight” and increased its price objective for Eaton’s shares from $174.00 to $175.00 in a research note published on Friday, January 6. In a research note published on December 6, Eaton’s stock received a rating of “market perform” from Oppenheimer, which was a downgrade from their previous rating of “outperform.” Eaton was upgraded by the Royal Bank of Canada from a rating of “sector perform” to a rating of “buy” in a report published on November 2. In the same report, the bank raised its price objective on the stock from $140.00 to $148.0 and increased its price target. The stock was recommended to sell by one of the research analysts; a recommendation to hold it was given by four; a recommendation to buy was given by seven; and a strong recommendation to buy was given by one of the research analysts. The information provided by Bloomberg indicates that the current average rating for Eaton is “Moderate Buy” and that the company’s consensus price objective is $163.42.
ETN trading started on Tuesday for $164.45 and continued throughout the day. The simple moving average for the last 200 trading days for the company is $147.68, and the simple moving average for the last 50 trading days is $160.38. The quick ratio is 0.77, the current ratio is 1.28, and the debt-to-equity ratio is 0.50. All of these numbers are relative to the total amount of debt. All these figures should be interpreted in light of the overall sum owed. During the previous year, Eaton Company plc experienced a price range that ranged from a low of $122.50 to a high of $171.71. Given the company’s market value, which is $65.4 billion; its price-to-earnings ratio, which is 28.75; its price-to-earnings-growth ratio, which is 1.83; and its beta, which is 1.16, the company has adequate capital.
Eaton (NYSE: ETN) has just recently made public their most recent earnings report, which was published on November 1. The manufacturer of consumer goods reported earnings of $2.02 per share for the quarter, which was $0.01 more than the $2.01 per share that the market had anticipated the manufacturer would report. Eaton successfully achieved a return on equity of 17.66% and a net margin of 11.36% in their business. The company’s quarterly revenues came in at $5.31 billion, which is lower than the $5.32 billion industry analysts had anticipated at the beginning of the quarter. Equity research professionals anticipate that Eaton Company plc will generate profits of $7.56 per share in the current financial year.
In addition, the business recently announced a quarterly dividend, which was paid out on November 30. On Thursday, November 10, dividend payments to stockholders whose information was already on file were sent out. The amount of each dividend payment was $0.81 per share. Before November 9, it was considered that this dividend had already been distributed. This translates to a yield of 1.97% and a dividend payment of $3.24 yearly for each shareholder. At the moment, Eaton’s dividend payout ratio sits at a value of 56.64%. (DPR).
According to reports in connected news, a member of the company’s management team named Brian S. Brickhouse sold 27,438 shares of the company’s stock on Friday, November 4. Each share was purchased during the sale at an average price of $155.76, which resulted in a total value of the transaction equal to $4,273,742.88. Following the completion of the sale, the company insider now owns 28,131 company shares, the total value of which is $4,381,684.56. If you follow this link, you will be taken to the SEC filing in which the sale was disclosed. Please click on the link to proceed. Business insiders on the total number of shares of stock owned by the company to the extent of 0.56%.