Atria Wealth Solutions Inc. Buys 2,955 Shares of Eaton Co. plc (NYSE:ETN)

Atria Wealth Solutions Inc. lifted its stake in Eaton Co. plc (NYSE:ETN - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,119 shares of the industrial products company's stock after buying an additional 2,955 shares during the period. Atria Wealth Solutions Inc.'s holdings in Eaton were worth $5,018,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Eaton by 48.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 41,106 shares of the industrial products company's stock worth $13,533,000 after buying an additional 13,497 shares in the last quarter. Lighthouse Wealth Management Inc. acquired a new position in shares of Eaton in the 4th quarter worth 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 raised its holdings in shares of Eaton by 9.3% in the 4th quarter. Ballentine Partners LLC now owns 9,256 shares of the industrial products company's stock worth $3,072,000 after buying an additional 790 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Eaton by 13.2% in the 4th quarter. Blue Trust Inc. now owns 14,494 shares of the industrial products company's stock worth $4,804,000 after buying an additional 1,694 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business's stock in a transaction dated 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 in the company, valued at $11,811,696. The trade was a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $3,559,800.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ETN. JPMorgan Chase & Co. dropped their price target on Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Citigroup dropped their price target on Eaton from $440.00 to $410.00 and set a "buy" rating for the company in a report on Monday, January 13th. Mizuho raised their price target on Eaton from $365.00 to $385.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Melius Research reaffirmed a "hold" rating and set a $373.00 price target on shares of Eaton in a report on Tuesday, January 28th. Finally, Bank of America raised their price target on Eaton from $350.00 to $410.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Seven 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $366.05.

Eaton Trading Down 4.4 %

Shares of NYSE:ETN traded down $13.57 during midday trading on Friday, hitting $295.25. The company had a trading volume of 2,691,600 shares, compared to its average volume of 3,306,905. The firm has a fifty day simple moving average of $333.15 and a 200 day simple moving average of $331.88. 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 $116.68 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.65 and a beta of 1.05. Eaton Co. plc has a 12 month low of $255.65 and a 12 month 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 for the quarter, topping 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 quarter last year, the firm earned $2.55 EPS. On average, analysts predict that Eaton Co. plc will post 12.02 EPS for the current year.

Eaton 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.