Advisor Group Inc. lifted its holdings in Eaton Co., PLC (NYSE:ETN) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,742 shares of the industrial products company’s stock after buying an additional 3,671 shares during the quarter. Advisor Group Inc.’s holdings in Eaton were worth $3,934,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Quantitative Investment Management LLC purchased a new stake in shares of Eaton in the fourth quarter valued at approximately $4,550,000. AMP Capital Investors Ltd boosted its stake in shares of Eaton by 2.9% in the fourth quarter. AMP Capital Investors Ltd now owns 253,979 shares of the industrial products company’s stock valued at $20,067,000 after buying an additional 7,158 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Eaton in the fourth quarter valued at approximately $4,148,000. Driehaus Capital Management LLC purchased a new stake in shares of Eaton in the fourth quarter valued at approximately $234,000. Finally, Profund Advisors LLC boosted its stake in shares of Eaton by 29.5% in the fourth quarter. Profund Advisors LLC now owns 14,480 shares of the industrial products company’s stock valued at $1,144,000 after buying an additional 3,295 shares in the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.
In other news, insider Ken D. Semelsberger sold 15,595 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $82.67, for a total value of $1,289,238.65. Following the completion of the transaction, the insider now directly owns 104,613 shares of the company’s stock, valued at $8,648,356.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.
Eaton Co., PLC (NYSE:ETN) opened at $81.53 on Tuesday. Eaton Co., PLC has a 1-year low of $69.82 and a 1-year high of $89.85. The firm has a market capitalization of $36,600.00, a price-to-earnings ratio of 12.15, a PEG ratio of 2.00 and a beta of 1.36. 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 (NYSE:ETN) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. Eaton had a return on equity of 12.84% and a net margin of 14.60%. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts anticipate that Eaton Co., PLC will post 5.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Monday, March 12th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.24%. This is a boost from Eaton’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 9th. Eaton’s payout ratio is 39.34%.
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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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