D Orazio & Associates Inc. Acquires 49 Shares of Eaton Co. plc (NYSE:ETN)

D Orazio & Associates Inc. boosted its holdings in Eaton Co. plc (NYSE:ETN) by 5.0% in the second quarter, Holdings Channel reports. The firm owned 1,031 shares of the industrial products company’s stock after purchasing an additional 49 shares during the quarter. D Orazio & Associates Inc.’s holdings in Eaton were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ETN. Gryphon Financial Partners LLC grew its position in Eaton by 81.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,348 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 1,053 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of Eaton by 23.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 13,879 shares of the industrial products company’s stock valued at $3,342,000 after acquiring an additional 2,631 shares during the period. Advisor OS LLC bought a new position in shares of Eaton in the 4th quarter valued at about $233,000. Quotient Wealth Partners LLC bought a new position in shares of Eaton in the 4th quarter valued at about $316,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of Eaton in the 4th quarter valued at about $407,000. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, insider Taras G. Jr. Szmagala sold 335 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $288.72, for a total transaction of $96,721.20. Following the completion of the transaction, the insider now directly owns 9,900 shares in the company, valued at approximately $2,858,328. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Taras G. Jr. Szmagala sold 335 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $288.72, for a total transaction of $96,721.20. Following the completion of the transaction, the insider now directly owns 9,900 shares in the company, valued at approximately $2,858,328. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Heath B. Monesmith sold 49,040 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $301.02, for a total transaction of $14,762,020.80. Following the sale, the insider now directly owns 71,262 shares in the company, valued at $21,451,287.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,511 shares of company stock worth $15,809,326. 0.53% of the stock is currently owned by corporate insiders.

Eaton Price Performance

Shares of NYSE:ETN opened at $297.00 on Thursday. The firm has a 50 day moving average of $301.10 and a 200-day moving average of $311.37. The stock has a market capitalization of $118.74 billion, a PE ratio of 35.06, a PEG ratio of 2.19 and a beta of 1.01. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44. Eaton Co. plc has a 12 month low of $191.82 and a 12 month high of $345.19.

Eaton (NYSE:ETN) last issued its earnings results on Thursday, August 1st. The industrial products company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.61 by $0.12. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.35 billion. Eaton had a net margin of 15.12% and a return on equity of 21.45%. On average, equities research analysts predict that Eaton Co. plc will post 10.74 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, August 5th. Eaton’s payout ratio is presently 44.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore ISI decreased their price objective on shares of Eaton from $357.00 to $333.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Jefferies Financial Group lifted their price objective on shares of Eaton from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Morgan Stanley started coverage on shares of Eaton in a report on Friday, September 6th. They set an “overweight” rating and a $370.00 target price for the company. Royal Bank of Canada reduced their target price on shares of Eaton from $376.00 to $371.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Barclays lifted their target price on shares of Eaton from $318.00 to $319.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $335.18.

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.