Natixis Advisors LLC Has $302.89 Million Stock Position in Eaton Corporation, PLC $ETN

Natixis Advisors LLC lowered its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 1.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 809,312 shares of the industrial products company’s stock after selling 8,629 shares during the period. Natixis Advisors LLC owned 0.21% of Eaton worth $302,886,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. WFA of San Diego LLC acquired a new stake in shares of Eaton in the second quarter valued at approximately $36,000. Redmont Wealth Advisors LLC acquired a new position in shares of Eaton during the 3rd quarter worth approximately $40,000. Grey Fox Wealth Advisors LLC bought a new stake in Eaton in the 3rd quarter valued at $70,000. Cloud Capital Management LLC acquired a new stake in Eaton during the 3rd quarter valued at $72,000. Finally, SOA Wealth Advisors LLC. boosted its position in Eaton by 47.1% during the third quarter. SOA Wealth Advisors LLC. now owns 200 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 64 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

ETN has been the topic of several research analyst reports. Wolfe Research raised shares of Eaton from a “peer perform” rating to an “outperform” rating and set a $413.00 price objective on the stock in a research report on Tuesday, December 9th. Wells Fargo & Company lifted their target price on shares of Eaton from $340.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Citigroup lowered their price target on shares of Eaton from $442.00 to $435.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Royal Bank Of Canada restated an “outperform” rating and set a $407.00 price objective on shares of Eaton in a research report on Wednesday, February 4th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Eaton in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $389.89.

Insider Transactions at Eaton

In other Eaton news, insider Sternadt Paulo Ruiz sold 10,707 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $390.26, for a total transaction of $4,178,513.82. Following the transaction, the insider owned 27,729 shares in the company, valued at $10,821,519.54. This trade represents a 27.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

Eaton Trading Down 1.8%

Shares of Eaton stock opened at $348.47 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 1.32. The firm has a 50-day moving average of $352.35 and a 200-day moving average of $355.04. Eaton Corporation, PLC has a 52-week low of $231.85 and a 52-week high of $408.45. The stock has a market cap of $135.17 billion, a PE ratio of 33.31, a PEG ratio of 2.40 and a beta of 1.17.

Eaton (NYSE:ETN) last released its quarterly earnings results on Thursday, February 26th. The industrial products company reported $3.23 EPS for the quarter. Eaton had a net margin of 14.89% and a return on equity of 25.00%. As a group, sell-side analysts forecast that Eaton Corporation, PLC will post 12.02 EPS for the current year.

Eaton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Tuesday, March 10th will be given a $1.10 dividend. The ex-dividend date is Tuesday, March 10th. This is a positive change from Eaton’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Eaton’s dividend payout ratio (DPR) is presently 39.77%.

About Eaton

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.