Boston Advisors LLC reduced its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 87.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,265 shares of the industrial products company’s stock after selling 150,087 shares during the quarter. Boston Advisors LLC’s holdings in Eaton Corporation, PLC were worth $1,633,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ETN. Harfst & Associates Inc. purchased a new stake in shares of Eaton Corporation, PLC during the 1st quarter valued at approximately $109,000. Guardian Life Insurance Co. of America lifted its stake in shares of Eaton Corporation, PLC by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after buying an additional 12 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Eaton Corporation, PLC during the 2nd quarter valued at approximately $133,000. Acrospire Investment Management LLC lifted its stake in shares of Eaton Corporation, PLC by 325.9% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after buying an additional 1,600 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC lifted its stake in shares of Eaton Corporation, PLC by 47.0% during the 1st quarter. Kernodle & Katon Asset Management Group LLC now owns 2,348 shares of the industrial products company’s stock valued at $174,000 after buying an additional 751 shares in the last quarter. Institutional investors own 76.03% of the company’s stock.

In other Eaton Corporation, PLC news, Director Deborah L. Mccoy sold 6,450 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.17, for a total transaction of $471,946.50. Following the transaction, the director now owns 46,386 shares in the company, valued at $3,394,063.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

Several analysts have issued reports on ETN shares. Buckingham Research started coverage on shares of Eaton Corporation, PLC in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $82.00 target price on the stock. Bank of America Corporation cut shares of Eaton Corporation, PLC from a “buy” rating to an “underperform” rating in a research note on Tuesday, October 17th. Citigroup Inc. increased their target price on shares of Eaton Corporation, PLC from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 target price on shares of Eaton Corporation, PLC in a research note on Thursday, October 12th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $88.00 target price (up from $87.00) on shares of Eaton Corporation, PLC in a research note on Monday, October 2nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.38.

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Shares of Eaton Corporation, PLC (ETN) opened at 79.23 on Tuesday. The stock has a market cap of $35.24 billion, a PE ratio of 18.16 and a beta of 1.36. Eaton Corporation, PLC has a 52-week low of $59.07 and a 52-week high of $81.63. The stock’s 50 day moving average is $77.69 and its 200 day moving average is $76.32.

Eaton Corporation, PLC (NYSE:ETN) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.01). Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the firm earned $1.07 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Equities research analysts forecast that Eaton Corporation, PLC will post $4.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, November 2nd. Eaton Corporation, PLC’s dividend payout ratio (DPR) is 54.79%.

About Eaton Corporation, PLC

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

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Institutional Ownership by Quarter for Eaton Corporation, PLC (NYSE:ETN)

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