Eaton Co. plc (NYSE:ETN) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its position in shares of Eaton Co. plc (NYSE:ETN) by 61.9% 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 715 shares of the industrial products company’s stock after selling 1,162 shares during the period. Fox Run Management L.L.C.’s holdings in Eaton were worth $237,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ETN. Flagship Wealth Advisors LLC purchased a new position in shares of Eaton in the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in Eaton during the fourth quarter worth approximately $30,000. Groupama Asset Managment lifted its position in shares of Eaton by 83.2% during the 3rd quarter. Groupama Asset Managment now owns 9,463 shares of the industrial products company’s stock worth $31,000 after buying an additional 4,298 shares during the last quarter. Horizon Bancorp Inc. IN boosted its holdings in shares of Eaton by 321.7% in the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock valued at $32,000 after buying an additional 74 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of Eaton in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Stock Performance

Shares of ETN stock opened at $281.04 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $307.35 and a 200-day simple moving average of $331.22. The company has a market cap of $110.10 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Eaton Co. plc has a 12-month low of $255.65 and a 12-month high of $379.99.

Eaton (NYSE:ETN) last released its quarterly earnings data 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 in the previous year, the business earned $2.55 earnings per share. On average, equities analysts forecast that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be issued a dividend of $1.04 per share. The ex-dividend date is Monday, March 10th. This represents a $4.16 dividend on an annualized basis and a yield of 1.48%. This is an increase from Eaton’s previous quarterly dividend of $0.94. Eaton’s payout ratio is currently 43.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Eaton from $325.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday. StockNews.com cut Eaton from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Jefferies Financial Group cut their price target on Eaton from $390.00 to $335.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Wells Fargo & Company decreased their price objective on Eaton from $335.00 to $305.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Finally, Melius Research reiterated a “hold” rating and issued a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Eaton has a consensus rating of “Moderate Buy” and an average target price of $357.16.

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.