Shoker Investment Counsel Inc. Has $395,000 Position in Eaton Co. plc (NYSE:ETN)

Shoker Investment Counsel Inc. lowered its position in shares of Eaton Co. plc (NYSE:ETN) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,190 shares of the industrial products company’s stock after selling 60 shares during the quarter. Shoker Investment Counsel Inc.’s holdings in Eaton were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ETN. Fort Sheridan Advisors LLC grew its position in shares of Eaton by 9.0% during the 4th quarter. Fort Sheridan Advisors LLC now owns 1,361 shares of the industrial products company’s stock worth $452,000 after purchasing an additional 112 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Eaton by 3.7% in the fourth quarter. QRG Capital Management Inc. now owns 121,150 shares of the industrial products company’s stock valued at $40,206,000 after buying an additional 4,358 shares during the period. Brueske Advisory Services LLC bought a new position in Eaton during the 4th quarter worth $504,000. Proficio Capital Partners LLC raised its holdings in Eaton by 42,255.3% in the 4th quarter. Proficio Capital Partners LLC now owns 732,323 shares of the industrial products company’s stock valued at $243,036,000 after acquiring an additional 730,594 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Eaton by 9.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 77,155 shares of the industrial products company’s stock worth $25,605,000 after purchasing an additional 6,635 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Activity at Eaton

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the completion of the transaction, the director now owns 43,203 shares in the company, valued at approximately $15,379,403.94. This trade represents a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by company insiders.

Eaton Trading Down 2.4 %

Shares of NYSE ETN opened at $290.08 on Friday. The stock has a market cap of $114.64 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05. The firm has a 50 day moving average price of $327.80 and a two-hundred day moving average price of $332.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. Eaton Co. plc has a 52-week low of $255.65 and a 52-week high of $379.99.

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

Eaton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a $1.04 dividend. This is a positive change from Eaton’s previous quarterly dividend of $0.94. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.43%. Eaton’s payout ratio is currently 39.58%.

Analyst Ratings Changes

Several brokerages have recently commented on ETN. JPMorgan Chase & Co. dropped their target price on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Citigroup lowered their price objective on shares of Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Melius Research reiterated a “hold” rating and issued a $373.00 price target on shares of Eaton in a research note on Tuesday, January 28th. Wells Fargo & Company restated an “equal weight” rating on shares of Eaton in a research report on Thursday, February 13th. Finally, Sanford C. Bernstein started coverage on Eaton in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 target price on the stock. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $366.05.

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.