Natixis Advisors LLC Has $302.89 Million Stake in Eaton Corporation, PLC $ETN

Natixis Advisors LLC reduced its position in Eaton Corporation, PLC (NYSE:ETN) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 809,312 shares of the industrial products company’s stock after selling 8,629 shares during the quarter. Natixis Advisors LLC’s holdings in Eaton were worth $302,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ETN. Brighton Jones LLC raised its position in Eaton by 1.4% during the fourth quarter. Brighton Jones LLC now owns 3,341 shares of the industrial products company’s stock valued at $1,109,000 after purchasing an additional 45 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Eaton by 17.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 913 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 136 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Eaton by 5.6% in the 1st quarter. Empowered Funds LLC now owns 9,402 shares of the industrial products company’s stock valued at $2,556,000 after purchasing an additional 496 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Eaton by 12.5% in the 2nd quarter. SG Americas Securities LLC now owns 183,204 shares of the industrial products company’s stock valued at $65,402,000 after purchasing an additional 20,409 shares during the last quarter. Finally, MTM Investment Management LLC raised its holdings in shares of Eaton by 4.3% during the 2nd quarter. MTM Investment Management LLC now owns 4,773 shares of the industrial products company’s stock worth $1,704,000 after buying an additional 198 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ETN. Wells Fargo & Company raised their price objective on Eaton from $340.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $360.00 target price (down from $440.00) on shares of Eaton in a research note on Sunday, January 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $407.00 price target on shares of Eaton in a research note on Wednesday, February 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Eaton in a report on Tuesday, January 27th. Finally, Citigroup lowered their price objective on shares of Eaton from $442.00 to $435.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $389.89.

Insider Transactions at Eaton

In other Eaton news, insider Sternadt Paulo Ruiz sold 10,707 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $390.26, for a total value of $4,178,513.82. Following the completion of the transaction, the insider directly owned 27,729 shares in the company, valued at approximately $10,821,519.54. This represents a 27.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Eaton Price Performance

Shares of ETN opened at $348.47 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.32 and a debt-to-equity ratio of 0.45. The stock has a market cap of $135.17 billion, a PE ratio of 33.31, a PEG ratio of 2.40 and a beta of 1.17. Eaton Corporation, PLC has a 12-month low of $231.85 and a 12-month high of $408.45. The business has a 50-day simple moving average of $352.35 and a two-hundred day simple moving average of $355.04.

Eaton (NYSE:ETN) last released its quarterly earnings results on Thursday, February 26th. The industrial products company reported $3.23 earnings per share for the quarter. Eaton had a return on equity of 25.00% and a net margin of 14.89%. Analysts anticipate that Eaton Corporation, PLC will post 12.02 earnings per share for the current fiscal year.

Eaton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Eaton’s previous quarterly dividend of $1.04. Eaton’s payout ratio is presently 39.77%.

Eaton Profile

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.