Yousif Capital Management LLC Sells 2,205 Shares of Eaton Co. plc (NYSE:ETN)

Yousif Capital Management LLC lowered its stake in shares of Eaton Co. plc (NYSE:ETN) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,637 shares of the industrial products company’s stock after selling 2,205 shares during the period. Yousif Capital Management LLC’s holdings in Eaton were worth $12,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Eaton by 0.5% during the third quarter. Vanguard Group Inc. now owns 36,336,041 shares of the industrial products company’s stock valued at $7,749,751,000 after buying an additional 176,900 shares during the period. FMR LLC increased its stake 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 buying an additional 5,270,331 shares in the last quarter. Northern Trust Corp raised its holdings in Eaton by 2.2% in the 3rd quarter. Northern Trust Corp now owns 5,009,435 shares of the industrial products company’s stock valued at $1,068,412,000 after acquiring an additional 109,775 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Eaton by 3.8% during the 4th quarter. Raymond James & Associates now owns 3,739,725 shares of the industrial products company’s stock worth $900,600,000 after acquiring an additional 138,465 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Eaton by 97.5% during the 3rd quarter. Deutsche Bank AG now owns 1,860,312 shares of the industrial products company’s stock valued at $396,767,000 after buying an additional 918,422 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, insider Ernest W. Marshall, Jr. sold 19,750 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $273.17, for a total transaction of $5,395,107.50. Following the sale, the insider now owns 29,712 shares of the company’s stock, valued at $8,116,427.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Ernest W. Marshall, Jr. sold 19,750 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $273.17, for a total value of $5,395,107.50. Following the transaction, the insider now owns 29,712 shares in the company, valued at approximately $8,116,427.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Denk sold 1,731 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $288.97, for a total value of $500,207.07. Following the completion of the sale, the insider now owns 5,514 shares in the company, valued at approximately $1,593,380.58. The disclosure for this sale can be found here. Insiders sold a total of 38,969 shares of company stock valued at $10,904,774 over the last three months. 0.33% of the stock is owned by company insiders.

Eaton Stock Up 1.6 %

NYSE:ETN traded up $4.85 on Wednesday, reaching $317.69. 2,475,280 shares of the stock traded hands, compared to its average volume of 1,931,100. Eaton Co. plc has a 12 month low of $161.12 and a 12 month high of $331.47. The company’s fifty day simple moving average is $302.20 and its 200 day simple moving average is $256.66. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $126.92 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.55 and a beta of 1.07.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.55 EPS for the quarter, beating the consensus estimate 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 return on equity of 20.05% and a net margin of 13.88%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. Equities analysts predict that Eaton Co. plc will post 10.28 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.18%. Eaton’s dividend payout ratio (DPR) is currently 46.88%.

Wall Street Analyst Weigh In

ETN has been the subject of a number of research analyst reports. Royal Bank of Canada raised Eaton from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $286.00 to $371.00 in a report on Friday, April 5th. UBS Group boosted their target price on shares of Eaton from $255.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Wolfe Research reaffirmed an “underperform” rating and set a $312.00 price objective on shares of Eaton in a research report on Monday, April 8th. Mizuho raised their target price on shares of Eaton from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Berenberg Bank raised their target price on shares of Eaton from $200.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Eaton currently has an average rating of “Moderate Buy” and an average price target of $295.60.

Eaton Company 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.