MGO One Seven LLC Has $4.43 Million Holdings in Eaton Co. plc (NYSE:ETN)

MGO One Seven LLC lifted its position in shares of Eaton Co. plc (NYSE:ETN) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,348 shares of the industrial products company’s stock after acquiring an additional 442 shares during the quarter. MGO One Seven LLC’s holdings in Eaton were worth $4,430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alta Advisers Ltd increased its stake in shares of Eaton by 18.2% in the fourth quarter. Alta Advisers Ltd now owns 1,300 shares of the industrial products company’s stock valued at $431,000 after buying an additional 200 shares during the period. Fayez Sarofim & Co raised its stake in shares of Eaton by 2,269.1% during the fourth quarter. Fayez Sarofim & Co now owns 145,247 shares of the industrial products company’s stock valued at $48,203,000 after acquiring an additional 139,116 shares during the last quarter. J. Safra Sarasin Holding AG lifted its holdings in shares of Eaton by 77.7% during the fourth quarter. J. Safra Sarasin Holding AG now owns 10,083 shares of the industrial products company’s stock worth $3,346,000 after purchasing an additional 4,410 shares during the period. Wealth Dimensions Group Ltd. bought a new stake in shares of Eaton in the fourth quarter worth $271,000. Finally, TD Waterhouse Canada Inc. increased its holdings in Eaton by 6.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 123,493 shares of the industrial products company’s stock valued at $40,998,000 after purchasing an additional 7,193 shares during the period. Institutional investors own 82.97% of the company’s stock.

Eaton Stock Performance

Shares of ETN stock opened at $275.72 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $282.46 and a two-hundred day simple moving average of $323.96. Eaton Co. plc has a 12 month low of $231.85 and a 12 month high of $379.99. The firm has a market capitalization of $108.02 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.01. Eaton had a net margin of 15.25% and a return on equity of 22.62%. During the same period in the previous year, the business posted $2.55 EPS. Analysts forecast that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a dividend of $1.04 per share. The ex-dividend date is Monday, May 5th. This represents a $4.16 annualized dividend and a yield of 1.51%. Eaton’s dividend payout ratio (DPR) is currently 43.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their price target on Eaton from $350.00 to $289.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Citigroup decreased their target price on shares of Eaton from $396.00 to $323.00 and set a “buy” rating for the company in a research report on Monday, April 14th. StockNews.com downgraded shares of Eaton from a “buy” rating to a “hold” rating in a research report on Tuesday. KeyCorp decreased their price objective on shares of Eaton from $340.00 to $325.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Melius lowered shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price on the stock. in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.22.

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.