HPM Partners LLC increased its stake in shares of Eaton Co., PLC (NYSE:ETN) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,379 shares of the industrial products company’s stock after purchasing an additional 662 shares during the quarter. HPM Partners LLC’s holdings in Eaton were worth $1,847,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in Eaton during the 4th quarter worth approximately $118,000. Delpha Capital Management LLC acquired a new position in Eaton during the 4th quarter worth approximately $124,000. Fieldpoint Private Securities LLC acquired a new position in Eaton during the 3rd quarter worth approximately $130,000. Murphy Capital Management Inc. acquired a new position in Eaton during the 4th quarter worth approximately $201,000. Finally, Montag A & Associates Inc. acquired a new position in Eaton during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 78.99% of the company’s stock.
In related news, insider Ken D. Semelsberger sold 15,595 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $82.67, for a total transaction of $1,289,238.65. Following the transaction, the insider now directly owns 104,613 shares of the company’s stock, valued at $8,648,356.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is owned by corporate insiders.
Shares of Eaton Co., PLC (NYSE:ETN) opened at $83.14 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 1.13. Eaton Co., PLC has a 12 month low of $69.82 and a 12 month high of $89.85. The company has a market cap of $36,598.23, a price-to-earnings ratio of 17.88, a PEG ratio of 2.00 and a beta of 1.36.
Eaton (NYSE:ETN) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. Eaton had a net margin of 14.60% and a return on equity of 12.84%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. sell-side analysts anticipate that Eaton Co., PLC will post 5.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Monday, March 12th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, March 9th. This is a positive change from Eaton’s previous quarterly dividend of $0.60. This represents a $2.64 annualized dividend and a yield of 3.18%. Eaton’s dividend payout ratio is currently 35.93%.
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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.
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