Advyzon Investment Management LLC Purchases Shares of 1,083 Eaton Co. plc (NYSE:ETN)

Advyzon Investment Management LLC bought a new position in shares of Eaton Co. plc (NYSE:ETN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,083 shares of the industrial products company's stock, valued at approximately $359,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its stake in Eaton by 48.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 41,106 shares of the industrial products company's stock valued at $13,533,000 after acquiring an additional 13,497 shares during the period. Lighthouse Wealth Management Inc. bought a new stake in shares of Eaton in the 4th quarter valued at approximately $297,000. Webster Bank N. A. raised its holdings in shares of Eaton by 52.4% in the 4th quarter. Webster Bank N. A. now owns 17,925 shares of the industrial products company's stock worth $5,949,000 after buying an additional 6,166 shares in the last quarter. Ballentine Partners LLC boosted its stake in Eaton by 9.3% in the 4th quarter. Ballentine Partners LLC now owns 9,256 shares of the industrial products company's stock valued at $3,072,000 after buying an additional 790 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Eaton by 13.2% in the 4th quarter. Blue Trust Inc. now owns 14,494 shares of the industrial products company's stock valued at $4,804,000 after buying an additional 1,694 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Eaton

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

Analysts Set New Price Targets

A number of research analysts have issued reports on ETN shares. Citigroup cut their price objective on Eaton from $440.00 to $410.00 and set a "buy" rating for the company in a report on Monday, January 13th. Mizuho boosted their price objective on Eaton from $365.00 to $385.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Bank of America increased their price objective on shares of Eaton from $350.00 to $410.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Melius Research reaffirmed a "hold" rating and issued a $373.00 target price on shares of Eaton in a research note on Tuesday, January 28th. Finally, UBS Group assumed coverage on shares of Eaton in a research report on Wednesday, November 13th. They issued a "buy" rating and a $431.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Eaton has a consensus rating of "Moderate Buy" and an average target price of $366.05.

Eaton Trading Down 3.8 %

NYSE ETN traded down $11.71 during trading on Friday, reaching $297.11. 4,399,446 shares of the stock traded hands, compared to its average volume of 3,361,916. Eaton Co. plc has a fifty-two week low of $255.65 and a fifty-two week high of $379.99. 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 cap of $117.42 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 2.65 and a beta of 1.05. The stock's 50-day moving average price is $333.15 and its 200 day moving average price is $331.88.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly 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 net margin of 15.25% and a return on equity of 22.62%. During the same period last year, the business posted $2.55 earnings per share. Analysts predict that Eaton Co. plc will post 12.02 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.