Executive Wealth Management LLC raised its position in shares of Eaton Co. plc (NYSE:ETN – Free Report) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,616 shares of the industrial products company’s stock after purchasing an additional 157 shares during the quarter. Executive Wealth Management LLC’s holdings in Eaton were worth $2,856,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Interval Partners LP lifted its position in shares of Eaton by 82.7% during the 2nd quarter. Interval Partners LP now owns 151,716 shares of the industrial products company’s stock valued at $47,571,000 after buying an additional 68,693 shares in the last quarter. Scientech Research LLC lifted its position in shares of Eaton by 285.5% during the 2nd quarter. Scientech Research LLC now owns 5,744 shares of the industrial products company’s stock valued at $1,801,000 after buying an additional 4,254 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Eaton by 25.9% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 27,609 shares of the industrial products company’s stock valued at $8,657,000 after buying an additional 5,676 shares in the last quarter. Leavell Investment Management Inc. lifted its position in shares of Eaton by 67.6% during the 2nd quarter. Leavell Investment Management Inc. now owns 8,556 shares of the industrial products company’s stock valued at $2,683,000 after buying an additional 3,452 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new position in shares of Eaton during the 2nd quarter valued at about $526,000. 82.97% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Eaton
In other Eaton news, insider Craig Arnold sold 61,569 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $360.97, for a total value of $22,224,561.93. Following the transaction, the insider now owns 506,360 shares of the company’s stock, valued at $182,780,769.20. This represents a 10.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory R. Page sold 4,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $335.30, for a total value of $1,341,200.00. Following the completion of the sale, the director now owns 51,422 shares of the company’s stock, valued at $17,241,796.60. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,981 shares of company stock valued at $24,100,317 in the last quarter. 0.53% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on ETN
Eaton Stock Performance
NYSE ETN opened at $364.09 on Tuesday. The company has a market cap of $143.89 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53. The business’s 50 day moving average price is $353.40 and its 200-day moving average price is $325.99. Eaton Co. plc has a fifty-two week low of $231.84 and a fifty-two week high of $379.99.
Eaton (NYSE:ETN – Get Free Report) last released its earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.37 billion. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 EPS. Sell-side analysts predict that Eaton Co. plc will post 10.8 earnings per share for the current year.
Eaton Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, November 4th. Eaton’s dividend payout ratio (DPR) is presently 40.00%.
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.
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