KLCM Advisors Inc. Purchases 63 Shares of Eaton Co. plc (NYSE:ETN)

KLCM Advisors Inc. lifted its position in Eaton Co. plc (NYSE:ETN) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,519 shares of the industrial products company’s stock after purchasing an additional 63 shares during the quarter. KLCM Advisors Inc.’s holdings in Eaton were worth $847,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ETN. FMR LLC grew its holdings in Eaton by 36.0% during the 3rd quarter. FMR LLC now owns 19,921,979 shares of the industrial products company’s stock worth $4,248,960,000 after acquiring an additional 5,270,331 shares during the last quarter. Norges Bank bought a new stake in Eaton during the 4th quarter worth about $798,119,000. Moneta Group Investment Advisors LLC grew its holdings in Eaton by 122,471.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,619,350 shares of the industrial products company’s stock worth $411,107,000 after acquiring an additional 2,617,213 shares during the last quarter. Morgan Stanley grew its holdings in Eaton by 26.2% during the 4th quarter. Morgan Stanley now owns 12,542,343 shares of the industrial products company’s stock worth $1,968,521,000 after acquiring an additional 2,602,246 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Eaton during the 3rd quarter worth about $340,500,000. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, insider Olivier Leonetti sold 4,461 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $272.00, for a total transaction of $1,213,392.00. Following the transaction, the insider now directly owns 630 shares in the company, valued at $171,360. The sale was disclosed in a filing with the SEC, which is available through this link. In other Eaton news, insider Peter Denk sold 1,731 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $288.97, for a total value of $500,207.07. Following the transaction, the insider now directly owns 5,514 shares in the company, valued at $1,593,380.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Olivier Leonetti sold 4,461 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $272.00, for a total transaction of $1,213,392.00. Following the completion of the transaction, the insider now owns 630 shares in the company, valued at $171,360. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,969 shares of company stock worth $10,904,774. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ETN shares. Evercore ISI increased their price target on shares of Eaton from $262.00 to $308.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Bank of America lifted their price objective on shares of Eaton from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Citigroup lifted their price objective on shares of Eaton from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. The Goldman Sachs Group lifted their price target on shares of Eaton from $287.00 to $328.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, UBS Group lifted their price target on shares of Eaton from $255.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.60.

Eaton Stock Up 0.0 %

Shares of ETN stock traded up $0.07 during trading on Wednesday, reaching $315.35. The company’s stock had a trading volume of 1,547,499 shares, compared to its average volume of 2,162,500. The business has a fifty day moving average price of $298.74 and a 200-day moving average price of $253.13. The company has a quick ratio of 1.02, a current ratio of 1.51 and a debt-to-equity ratio of 0.43. The company has a market cap of $125.98 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.62 and a beta of 1.07. Eaton Co. plc has a one year low of $161.12 and a one year high of $331.47.

Eaton (NYSE:ETN) last issued its earnings results on Thursday, February 1st. The industrial products company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.08. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.91 billion. Eaton had a net margin of 13.88% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 earnings per share. Analysts anticipate that Eaton Co. plc will post 10.25 earnings per share for the current year.

Eaton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.19%. This is an increase from Eaton’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, March 8th. Eaton’s payout ratio is presently 46.88%.

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.