Autumn Glory Partners LLC Has $202,000 Holdings in Eaton Co. plc (NYSE:ETN)

Autumn Glory Partners LLC trimmed its stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 58.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 610 shares of the industrial products company's stock after selling 870 shares during the period. Autumn Glory Partners LLC's holdings in Eaton were worth $202,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Groupama Asset Managment grew its holdings in Eaton by 83.2% during the 3rd quarter. Groupama Asset Managment now owns 9,463 shares of the industrial products company's stock worth $31,000 after acquiring an additional 4,298 shares during the period. Horizon Bancorp Inc. IN lifted its stake 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 buying an additional 74 shares during the period. Morse Asset Management Inc acquired a new position in Eaton in the third quarter valued at about $33,000. Activest Wealth Management grew its holdings in Eaton by 621.4% during the fourth quarter. Activest Wealth Management now owns 101 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 87 shares during the period. Finally, DT Investment Partners LLC acquired a new position in Eaton during the third quarter valued at approximately $37,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Eaton

In other news, Director Gregory R. Page sold 10,000 shares of the firm'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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $378.58, for a total value of $534,554.96. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Eaton Stock Down 1.6 %

NYSE ETN traded down $5.02 during trading hours on Wednesday, hitting $308.10. 700,222 shares of the company traded hands, compared to its average volume of 3,307,863. The business's 50-day moving average is $335.20 and its 200-day moving average is $332.20. Eaton Co. plc has a twelve month low of $255.65 and a twelve month high of $379.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. The stock has a market capitalization of $121.76 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 2.64 and a beta of 1.05.

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 for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $2.55 EPS. Sell-side analysts anticipate that Eaton Co. plc will post 12.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ETN shares. Melius Research restated a "hold" rating and set a $373.00 price objective on shares of Eaton in a report on Tuesday, January 28th. Royal Bank of Canada dropped their price objective on Eaton from $407.00 to $405.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. UBS Group started coverage on Eaton in a research note on Wednesday, November 13th. They set a "buy" rating and a $431.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company decreased their price objective on Eaton from $350.00 to $335.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Seven equities 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 currently has a consensus rating of "Moderate Buy" and a consensus price target 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.