Dimensional Fund Advisors LP boosted its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,624,082 shares of the industrial products company’s stock after buying an additional 133,718 shares during the period. Dimensional Fund Advisors LP owned about 0.81% of Eaton Corporation, PLC worth $268,719,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Trust N.A. increased its position in shares of Eaton Corporation, PLC by 12.5% in the first quarter. Raymond James Trust N.A. now owns 22,066 shares of the industrial products company’s stock worth $1,637,000 after buying an additional 2,450 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its position in shares of Eaton Corporation, PLC by 4.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 272,616 shares of the industrial products company’s stock worth $20,214,000 after buying an additional 12,316 shares during the period. Denali Advisors LLC raised its position in shares of Eaton Corporation, PLC by 42.9% in the first quarter. Denali Advisors LLC now owns 80,309 shares of the industrial products company’s stock worth $5,955,000 after buying an additional 24,112 shares during the period. Fulton Bank N.A. acquired a new position in shares of Eaton Corporation, PLC during the first quarter worth about $237,000. Finally, Manning & Napier Advisors LLC raised its position in shares of Eaton Corporation, PLC by 8.6% in the first quarter. Manning & Napier Advisors LLC now owns 66,367 shares of the industrial products company’s stock worth $4,920,000 after buying an additional 5,231 shares during the period. Hedge funds and other institutional investors own 76.32% of the company’s stock.

Shares of Eaton Corporation, PLC (NYSE ETN) traded up 1.25% during mid-day trading on Friday, hitting $74.53. The company’s stock had a trading volume of 2,778,305 shares. The company has a 50-day moving average of $78.18 and a 200 day moving average of $74.86. The company has a market cap of $33.15 billion, a price-to-earnings ratio of 17.09 and a beta of 1.35. Eaton Corporation, PLC has a 1-year low of $59.07 and a 1-year high of $81.63.

Eaton Corporation, PLC (NYSE:ETN) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by $0.01. Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. Eaton Corporation, PLC’s revenue was up 1.0% compared to the same quarter last year. On average, analysts expect that Eaton Corporation, PLC will post $4.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, August 2nd. Eaton Corporation, PLC’s payout ratio is currently 54.79%.

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ETN has been the subject of several research analyst reports. Zacks Investment Research raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Monday, June 5th. JMP Securities started coverage on Eaton Corporation, PLC in a research report on Monday, June 19th. They set a “market perform” rating on the stock. Argus reissued a “buy” rating and set a $85.00 price target (up from $83.00) on shares of Eaton Corporation, PLC in a research report on Tuesday, May 30th. Barclays PLC set a $81.00 price target on Eaton Corporation, PLC and gave the company a “hold” rating in a research report on Tuesday, May 2nd. Finally, ValuEngine raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $78.54.

Eaton Corporation, PLC Company Profile

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

Institutional Ownership by Quarter for Eaton Corporation, PLC (NYSE:ETN)

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