Eaton Co. plc (NYSE:ETN) Shares Purchased by Dakota Community Bank & Trust NA

Dakota Community Bank & Trust NA raised its position in Eaton Co. plc (NYSE:ETN) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 511 shares of the industrial products company’s stock after acquiring an additional 115 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in Eaton were worth $170,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Arthur M. Cohen & Associates LLC grew its stake in shares of Eaton by 7.2% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 5,859 shares of the industrial products company’s stock valued at $1,944,000 after acquiring an additional 396 shares in the last quarter. Brooklyn Investment Group grew its stake in Eaton by 1.3% during the 4th quarter. Brooklyn Investment Group now owns 4,141 shares of the industrial products company’s stock valued at $1,374,000 after purchasing an additional 54 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in Eaton by 12.1% during the 4th quarter. Sax Wealth Advisors LLC now owns 2,292 shares of the industrial products company’s stock worth $761,000 after purchasing an additional 247 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Eaton by 20.4% in the 4th quarter. Merit Financial Group LLC now owns 29,858 shares of the industrial products company’s stock valued at $9,909,000 after purchasing an additional 5,057 shares in the last quarter. Finally, CNB Bank boosted its stake in shares of Eaton by 8.4% during the 4th quarter. CNB Bank now owns 4,038 shares of the industrial products company’s stock valued at $1,340,000 after buying an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ETN shares. Royal Bank of Canada upped their price target on shares of Eaton from $374.00 to $392.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Sanford C. Bernstein started coverage on shares of Eaton in a research report on Tuesday, November 5th. They set an “outperform” rating and a $382.00 price target on the stock. Wells Fargo & Company lowered their price objective on Eaton from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Bank of America increased their target price on Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Evercore ISI downgraded Eaton from an “outperform” rating to an “inline” rating and boosted their price target for the company from $333.00 to $389.00 in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.89.

Insiders Place Their Bets

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $378.58, for a total transaction of $534,554.96. Following the completion of the transaction, the insider now owns 31,200 shares in the company, valued at approximately $11,811,696. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory R. Page sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $335.30, for a total transaction of $1,341,200.00. Following the completion of the sale, the director now owns 51,422 shares in the company, valued at $17,241,796.60. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,981 shares of company stock worth $27,660,117. 0.53% of the stock is owned by corporate insiders.

Eaton Price Performance

Shares of NYSE:ETN opened at $346.54 on Friday. The firm’s 50 day moving average is $354.73 and its two-hundred day moving average is $329.53. The firm has a market capitalization of $136.95 billion, a P/E ratio of 36.87, a PEG ratio of 2.27 and a beta of 1.06. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. Eaton Co. plc has a 52 week low of $236.20 and a 52 week high of $379.99.

Eaton (NYSE:ETN) last posted its earnings results on Thursday, October 31st. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.80 by $0.04. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the firm earned $2.47 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Eaton Co. plc will post 10.8 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were paid a dividend of $0.94 per share. The ex-dividend date was Monday, November 4th. This represents a $3.76 annualized dividend and a yield of 1.09%. Eaton’s payout ratio is 40.00%.

About Eaton

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.