Fermata Advisors LLC Purchases 1,305 Shares of Eaton Co. plc (NYSE:ETN)

Fermata Advisors LLC raised its stake in shares of Eaton Co. plc (NYSE:ETN) by 148.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,183 shares of the industrial products company’s stock after purchasing an additional 1,305 shares during the period. Fermata Advisors LLC’s holdings in Eaton were worth $724,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Edgestream Partners L.P. raised its stake in shares of Eaton by 98.5% during the 2nd quarter. Edgestream Partners L.P. now owns 1,989 shares of the industrial products company’s stock valued at $624,000 after purchasing an additional 987 shares during the period. Bradley Foster & Sargent Inc. CT boosted its stake in Eaton by 81.8% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 16,686 shares of the industrial products company’s stock worth $5,232,000 after buying an additional 7,510 shares in the last quarter. SYSTM Wealth Solutions LLC raised its position in Eaton by 97.5% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 2,246 shares of the industrial products company’s stock worth $704,000 after purchasing an additional 1,109 shares during the period. Blair William & Co. IL grew its holdings in Eaton by 5.1% in the 2nd quarter. Blair William & Co. IL now owns 61,673 shares of the industrial products company’s stock worth $19,338,000 after acquiring an additional 2,999 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Eaton by 4.9% during the 2nd quarter. Hsbc Holdings PLC now owns 393,020 shares of the industrial products company’s stock valued at $123,596,000 after purchasing an additional 18,204 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

Eaton stock opened at $345.02 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53. The business has a fifty day moving average of $355.04 and a two-hundred day moving average of $329.43. Eaton Co. plc has a one year low of $236.04 and a one year high of $379.99. The company has a market cap of $136.35 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06.

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

Eaton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 4th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Monday, November 4th. Eaton’s dividend payout ratio (DPR) is 40.00%.

Analysts Set New Price Targets

ETN has been the topic of a number of research analyst reports. Mizuho upped their target price on Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Sanford C. Bernstein initiated coverage on shares of Eaton in a report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price objective for the company. Jefferies Financial Group raised their target price on shares of Eaton from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group initiated coverage on shares of Eaton in a report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target on the stock. Finally, Evercore ISI cut Eaton from an “outperform” rating to an “inline” rating and lifted their target price for the stock from $333.00 to $389.00 in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.89.

Insider Activity

In other Eaton news, Director Gregory R. Page sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $335.30, for a total value of $1,341,200.00. Following the completion of the sale, the director now directly owns 51,422 shares of the company’s stock, valued at approximately $17,241,796.60. This represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of Eaton stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $378.58, for a total value of $534,554.96. Following the completion of the transaction, the insider now directly owns 31,200 shares in the company, valued at $11,811,696. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 76,981 shares of company stock worth $27,660,117. 0.33% of the stock is currently owned by insiders.

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.