Legacy Bridge LLC grew its stake in shares of Eaton Co. PLC (NYSE:ETN) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,325 shares of the industrial products company’s stock after purchasing an additional 200 shares during the quarter. Legacy Bridge LLC’s holdings in Eaton were worth $429,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Gravity Wealth Inc. acquired a new position in shares of Eaton in the first quarter worth about $25,000. Highwater Wealth Management LLC acquired a new position in shares of Eaton in the fourth quarter worth about $26,000. Athena Capital Advisors LLC acquired a new position in shares of Eaton in the fourth quarter worth about $27,000. Bremer Trust National Association acquired a new position in shares of Eaton in the fourth quarter worth about $29,000. Finally, Legacy Financial Advisors Inc. lifted its stake in shares of Eaton by 53.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 454 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 159 shares in the last quarter. Institutional investors own 78.14% of the company’s stock.
In other Eaton news, insider Richard H. Fearon sold 1,335 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $80.19, for a total transaction of $107,053.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joao V. Faria sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $76.73, for a total value of $383,650.00. The disclosure for this sale can be found here. Insiders have sold 73,214 shares of company stock worth $5,709,455 in the last 90 days. 0.70% of the stock is currently owned by insiders.
Shares of NYSE ETN opened at $83.77 on Monday. Eaton Co. PLC has a 52-week low of $64.46 and a 52-week high of $89.46. The company has a market cap of $35.54 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.54 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.47.
Eaton (NYSE:ETN) last announced its quarterly earnings data on Thursday, January 31st. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.03. Eaton had a return on equity of 14.06% and a net margin of 9.93%. The firm had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.42 billion. As a group, equities research analysts predict that Eaton Co. PLC will post 5.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.39%. The ex-dividend date is Thursday, May 2nd. Eaton’s payout ratio is currently 52.69%.
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Eaton Company Profile
Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.
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