Sageworth Trust Co Has $624,000 Stake in Eaton Corporation, PLC (ETN)

Sageworth Trust Co held its stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,016 shares of the industrial products company’s stock at the end of the second quarter. Eaton Corporation, PLC comprises about 0.1% of Sageworth Trust Co’s portfolio, making the stock its 20th largest position. Sageworth Trust Co’s holdings in Eaton Corporation, PLC were worth $624,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Eaton Corporation, PLC by 2.4% in the first quarter. Wellington Management Group LLP now owns 37,607,505 shares of the industrial products company’s stock valued at $2,788,596,000 after buying an additional 875,616 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Eaton Corporation, PLC by 2.3% in the first quarter. Vanguard Group Inc. now owns 30,348,561 shares of the industrial products company’s stock valued at $2,250,347,000 after buying an additional 695,285 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Eaton Corporation, PLC by 2,830.8% in the first quarter. BlackRock Inc. now owns 29,114,265 shares of the industrial products company’s stock valued at $2,158,821,000 after buying an additional 28,120,890 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Eaton Corporation, PLC by 1.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,762,234 shares of the industrial products company’s stock valued at $723,870,000 after buying an additional 170,461 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Eaton Corporation, PLC by 9.5% in the first quarter. FMR LLC now owns 9,180,438 shares of the industrial products company’s stock valued at $680,729,000 after buying an additional 794,975 shares during the last quarter. 76.59% of the stock is owned by hedge funds and other institutional investors.

Eaton Corporation, PLC (NYSE:ETN) opened at 71.48 on Friday. The stock has a market cap of $31.79 billion, a PE ratio of 16.39 and a beta of 1.35. The firm has a 50 day moving average of $77.44 and a 200-day moving average of $75.02. Eaton Corporation, PLC has a 12-month low of $59.07 and a 12-month high of $81.63.

Eaton Corporation, PLC (NYSE:ETN) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.01. The company had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. 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 given a $0.60 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $2.40 annualized dividend and a yield of 3.36%. Eaton Corporation, PLC’s dividend payout ratio (DPR) is 54.79%.

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ETN has been the subject of several research reports. Zacks Investment Research raised shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, June 5th. JMP Securities initiated coverage on shares of Eaton Corporation, PLC in a research report on Monday, June 19th. They issued a “market perform” rating for the company. Argus reaffirmed a “buy” rating and issued a $85.00 price target (up previously from $83.00) on shares of Eaton Corporation, PLC in a research report on Tuesday, May 30th. Barclays PLC set a $81.00 price target on shares of Eaton Corporation, PLC and gave the stock a “hold” rating in a research report on Tuesday, May 2nd. Finally, ValuEngine raised shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.54.

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.

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

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