Eaton Co. plc (NYSE:ETN) Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. increased its position in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,615 shares of the industrial products company's stock after purchasing an additional 1,494 shares during the period. Eaton makes up about 1.3% of Adell Harriman & Carpenter Inc.'s portfolio, making the stock its 21st biggest holding. Adell Harriman & Carpenter Inc.'s holdings in Eaton were worth $19,121,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Horizon Bancorp Inc. IN raised its position in Eaton by 321.7% in the fourth quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Morse Asset Management Inc bought a new stake in Eaton during the third quarter valued at $33,000. Activest Wealth Management increased its holdings in Eaton by 621.4% in the fourth quarter. Activest Wealth Management now owns 101 shares of the industrial products company's stock worth $34,000 after purchasing an additional 87 shares in the last quarter. DT Investment Partners LLC bought a new position in Eaton during the third quarter worth $37,000. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Eaton in the 4th quarter valued at about $38,000. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ETN. UBS Group assumed coverage on Eaton in a report on Wednesday, November 13th. They set a "buy" rating and a $431.00 price objective for the company. Melius Research reaffirmed a "hold" rating and set a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. Barclays lifted their price target on Eaton from $320.00 to $353.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on shares of Eaton from $350.00 to $348.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Finally, Citigroup decreased their price objective on shares of Eaton from $440.00 to $410.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $366.05.

Insider Buying and Selling at Eaton

In other news, Director Gregory R. Page sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the insider now directly owns 31,200 shares of the company's stock, valued at approximately $11,811,696. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Eaton Stock Down 1.2 %

ETN stock traded down $3.81 during trading on Wednesday, hitting $309.31. 2,712,199 shares of the company's stock traded hands, compared to its average volume of 3,371,380. The business has a fifty day simple moving average of $335.20 and a two-hundred day simple moving average of $332.20. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $122.24 billion, a P/E ratio of 32.56, a PEG ratio of 2.64 and a beta of 1.05. 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 posted its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $2.55 EPS. Sell-side analysts anticipate that Eaton Co. plc will post 12.03 EPS 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.