Hantz Financial Services Inc. Has $8.24 Million Stock Position in Eaton Co. plc (NYSE:ETN)

Hantz Financial Services Inc. trimmed its holdings in shares of Eaton Co. plc (NYSE:ETN) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,872 shares of the industrial products company’s stock after selling 88 shares during the period. Hantz Financial Services Inc.’s holdings in Eaton were worth $8,244,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. LRI Investments LLC acquired a new position in shares of Eaton during the first quarter valued at about $66,000. EverSource Wealth Advisors LLC raised its holdings in Eaton by 14.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,230 shares of the industrial products company’s stock worth $392,000 after buying an additional 158 shares during the last quarter. Old Port Advisors bought a new position in shares of Eaton in the first quarter valued at $226,000. Park Place Capital Corp increased its position in shares of Eaton by 4.8% during the second quarter. Park Place Capital Corp now owns 5,020 shares of the industrial products company’s stock worth $1,574,000 after acquiring an additional 232 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Eaton by 20.2% in the 2nd quarter. GAMMA Investing LLC now owns 7,438 shares of the industrial products company’s stock worth $2,332,000 after acquiring an additional 1,251 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Price Performance

ETN opened at $375.43 on Friday. The firm has a 50-day moving average price of $348.37 and a 200-day moving average price of $324.54. Eaton Co. plc has a twelve month low of $224.61 and a twelve month high of $379.99. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $148.37 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.82 and a beta of 1.01.

Eaton (NYSE:ETN) last posted its earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.37 billion. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.47 earnings per share. Equities analysts expect that Eaton Co. plc will post 10.8 EPS for the current year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 4th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, November 4th. Eaton’s dividend payout ratio is presently 40.00%.

Insider Transactions at Eaton

In related news, insider Craig Arnold sold 61,569 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $360.97, for a total transaction of $22,224,561.93. Following the completion of the transaction, the insider now directly owns 506,360 shares in the company, valued at $182,780,769.20. The trade was a 10.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory R. Page sold 4,000 shares of Eaton stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $335.30, for a total value of $1,341,200.00. Following the sale, the director now owns 51,422 shares of the company’s stock, valued at approximately $17,241,796.60. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,981 shares of company stock valued at $24,100,317. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ETN shares. Raymond James decreased their price objective on Eaton from $375.00 to $365.00 and set an “outperform” rating for the company in a report on Monday, September 9th. Sanford C. Bernstein assumed coverage on Eaton in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price target for the company. Citigroup initiated coverage on shares of Eaton in a report on Monday, September 16th. They set a “buy” rating and a $348.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $374.00 price target on shares of Eaton in a research report on Friday, November 1st. Finally, Evercore ISI downgraded shares of Eaton from an “outperform” rating to an “inline” rating and upped their price objective for the stock from $333.00 to $389.00 in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $357.83.

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.