Mather Group LLC. Has $895,000 Stock Position in Eaton Co. plc (NYSE:ETN)

Mather Group LLC. boosted its stake in Eaton Co. plc (NYSE:ETN) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,716 shares of the industrial products company’s stock after acquiring an additional 626 shares during the quarter. Mather Group LLC.’s holdings in Eaton were worth $895,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ETN. Ritholtz Wealth Management grew its holdings in shares of Eaton by 5.1% during the fourth quarter. Ritholtz Wealth Management now owns 5,724 shares of the industrial products company’s stock worth $1,379,000 after buying an additional 277 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Eaton by 30.5% in the fourth quarter. Pacer Advisors Inc. now owns 34,071 shares of the industrial products company’s stock worth $8,205,000 after purchasing an additional 7,964 shares in the last quarter. Chicago Capital LLC acquired a new position in Eaton during the fourth quarter worth $2,958,000. Neo Ivy Capital Management bought a new position in Eaton in the third quarter valued at $479,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Eaton by 13.6% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,458 shares of the industrial products company’s stock valued at $351,000 after buying an additional 174 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Down 2.5 %

Shares of NYSE:ETN opened at $318.36 on Wednesday. The stock has a market cap of $127.18 billion, a PE ratio of 39.70, a P/E/G ratio of 2.71 and a beta of 1.07. The company has a quick ratio of 1.02, a current ratio of 1.51 and a debt-to-equity ratio of 0.43. Eaton Co. plc has a 12-month low of $165.24 and a 12-month high of $333.05. The business has a 50 day moving average of $306.65 and a 200-day moving average of $260.44.

Eaton (NYSE:ETN) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.08. The business had revenue of $5.97 billion during 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 firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 EPS. As a group, equities research analysts forecast that Eaton Co. plc will post 10.28 earnings per share for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, May 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.18%. Eaton’s payout ratio is presently 46.88%.

Insider Transactions at Eaton

In related news, insider Olivier Leonetti sold 4,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $272.00, for a total value of $1,213,392.00. Following the completion of the sale, 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 at this link. In related news, insider Ernest W. Marshall, Jr. sold 19,750 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was 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 $8,116,427.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Olivier Leonetti sold 4,461 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $272.00, for a total value of $1,213,392.00. Following the completion of the transaction, the insider now directly owns 630 shares of the company’s stock, valued at approximately $171,360. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,969 shares of company stock valued at $10,904,774. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Berenberg Bank raised their price objective on Eaton from $200.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Evercore ISI upped their price objective on Eaton from $262.00 to $308.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. UBS Group raised their target price 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. Royal Bank of Canada upgraded shares of Eaton from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $286.00 to $371.00 in a research note on Friday, April 5th. Finally, Bank of America boosted 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $295.60.

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.