Westwood Management Corp IL Continues to Hold Stake in Eaton Corporation, PLC (NYSE:ETN)

Westwood Management Corp IL continued to hold its stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,200 shares of the industrial products company’s stock at the end of the second quarter. Westwood Management Corp IL’s holdings in Eaton Corporation, PLC were worth $1,105,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Creative Planning boosted its position in Eaton Corporation, PLC by 5.3% in the first quarter. Creative Planning now owns 27,652 shares of the industrial products company’s stock valued at $2,050,000 after buying an additional 1,382 shares in the last quarter. Raymond James Trust N.A. boosted its position in Eaton Corporation, PLC by 12.5% in the first quarter. Raymond James Trust N.A. now owns 22,066 shares of the industrial products company’s stock valued at $1,637,000 after buying an additional 2,450 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in shares of Eaton Corporation, PLC by 4.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 272,616 shares of the industrial products company’s stock valued at $20,214,000 after buying an additional 12,316 shares in the last quarter. Denali Advisors LLC boosted its position in shares of Eaton Corporation, PLC by 42.9% in the first quarter. Denali Advisors LLC now owns 80,309 shares of the industrial products company’s stock valued at $5,955,000 after buying an additional 24,112 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new position in shares of Eaton Corporation, PLC during the first quarter valued at approximately $237,000. Institutional investors and hedge funds own 76.78% of the company’s stock.

Eaton Corporation, PLC (NYSE ETN) traded down 0.73% on Friday, reaching $71.20. 2,261,065 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $76.76 and its 200 day moving average price is $75.08. Eaton Corporation, PLC has a 52-week low of $59.07 and a 52-week high of $81.63. The company has a market cap of $31.67 billion, a PE ratio of 16.32 and a beta of 1.35.

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 (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the company earned $1.07 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. On average, analysts expect that Eaton Corporation, PLC will post $4.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $2.40 annualized dividend and a yield of 3.37%. Eaton Corporation, PLC’s dividend payout ratio (DPR) is presently 54.79%.

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Several research analysts have recently commented on the stock. J P Morgan Chase & Co cut shares of Eaton Corporation, PLC from a “neutral” rating to an “underweight” rating in a report on Thursday. JMP Securities started coverage on shares of Eaton Corporation, PLC in a research report on Monday, June 19th. They set a “market perform” rating on the stock. Zacks Investment Research lowered shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Eaton Corporation, PLC currently has a consensus rating of “Hold” and an average target price of $78.54.

Eaton Corporation, PLC Company Profile

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.

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

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