Eaton Co. plc (NYSE:ETN) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,572 shares of the industrial products company's stock after purchasing an additional 1,838 shares during the quarter. D.A. Davidson & CO.'s holdings in Eaton were worth $9,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ETN. Cyndeo Wealth Partners LLC purchased a new position in shares of Eaton during the 3rd quarter worth $417,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Eaton by 19.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 157,615 shares of the industrial products company's stock valued at $52,240,000 after buying an additional 25,843 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Eaton in the 3rd quarter valued at about $50,000. Waterway Wealth Management LLC purchased a new stake in Eaton during the third quarter worth approximately $229,000. Finally, Foundations Investment Advisors LLC lifted its stake in Eaton by 17.4% during the third quarter. Foundations Investment Advisors LLC now owns 1,830 shares of the industrial products company's stock worth $607,000 after purchasing an additional 271 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Mizuho lifted their price target on Eaton from $365.00 to $385.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Citigroup dropped their target price on Eaton from $440.00 to $410.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Evercore ISI dropped their target price on Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on Eaton from $350.00 to $348.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company dropped their target price on Eaton from $350.00 to $335.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Eaton has an average rating of "Moderate Buy" and an average target price of $366.05.

Eaton Price Performance

Shares of NYSE:ETN traded down $11.71 on Friday, hitting $297.11. The company had a trading volume of 4,399,446 shares, compared to its average volume of 3,361,916. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. Eaton Co. plc has a 52-week low of $255.65 and a 52-week high of $379.99. The business has a 50 day moving average of $333.15 and a 200 day moving average of $331.88. The company has a market cap of $117.42 billion, a PE ratio of 31.27, a PEG ratio of 2.65 and a beta of 1.05.

Eaton (NYSE:ETN - Get Free Report) last released its earnings results on Friday, January 31st. The industrial products company reported $2.83 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 company earned $2.55 earnings per share. As a group, equities analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Insider Activity at Eaton

In other Eaton news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company's stock in a transaction dated Monday, November 25th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory R. Page sold 10,000 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $355.98, for a total value of $3,559,800.00. Following 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 disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

About Eaton

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.