5T Wealth LLC Invests $470,000 in Eaton Co. plc (NYSE:ETN)

5T Wealth LLC acquired a new stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,413 shares of the industrial products company's stock, valued at approximately $470,000.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning lifted its holdings in Eaton by 2.7% during the 3rd quarter. Creative Planning now owns 181,067 shares of the industrial products company's stock worth $60,013,000 after buying an additional 4,705 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Eaton by 3.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 27,587 shares of the industrial products company's stock worth $9,144,000 after buying an additional 990 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in Eaton by 11.8% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 776 shares of the industrial products company's stock worth $257,000 after buying an additional 82 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in Eaton by 3.0% during the 3rd quarter. Capital Investment Advisors LLC now owns 5,440 shares of the industrial products company's stock worth $1,803,000 after buying an additional 158 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Eaton by 21.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 252,312 shares of the industrial products company's stock worth $83,626,000 after purchasing an additional 44,052 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on ETN shares. Barclays raised their price target on Eaton from $320.00 to $353.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Evercore ISI cut their price target on Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a report on Wednesday. Royal Bank of Canada cut their price target on Eaton from $407.00 to $405.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Sanford C. Bernstein started coverage on Eaton in a report on Tuesday, November 5th. They issued an "outperform" rating and a $382.00 price target on the stock. Finally, UBS Group started coverage on Eaton in a report on Wednesday, November 13th. They issued a "buy" rating and a $431.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Eaton currently has an average rating of "Moderate Buy" and an average target price of $366.05.

Insider Transactions at Eaton

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $378.58, for a total value of $534,554.96. Following the completion of the sale, the insider now owns 31,200 shares of the company's stock, valued at $11,811,696. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction on Friday, December 13th. The shares were sold at an average price of $355.98, for a total value of $3,559,800.00. Following the sale, the director now directly owns 43,203 shares of the company's stock, valued at approximately $15,379,403.94. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Eaton Price Performance

Shares of NYSE ETN traded down $0.48 during mid-day trading on Thursday, reaching $308.95. The company had a trading volume of 1,982,892 shares, compared to its average volume of 3,330,502. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a market cap of $122.10 billion, a PE ratio of 32.52, a P/E/G ratio of 2.68 and a beta of 1.05. The company has a 50-day moving average price of $334.15 and a two-hundred day moving average price of $332.04. Eaton Co. plc has a 1-year low of $255.65 and a 1-year high of $379.99.

Eaton (NYSE:ETN - Get Free Report) last issued its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, topping 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 previous year, the business posted $2.55 EPS. On average, equities analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current year.

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.