KLCM Advisors Inc. Acquires 3,010 Shares of Eaton Co. plc (NYSE:ETN)

KLCM Advisors Inc. boosted its position in Eaton Co. plc (NYSE:ETN - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,971 shares of the industrial products company's stock after acquiring an additional 3,010 shares during the period. KLCM Advisors Inc.'s holdings in Eaton were worth $2,313,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Groupama Asset Managment grew its holdings in Eaton by 83.2% in 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 last quarter. Horizon Bancorp Inc. IN grew its holdings in Eaton by 321.7% in the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company's stock worth $32,000 after acquiring an additional 74 shares during the last quarter. Morse Asset Management Inc bought a new stake in Eaton in the 3rd quarter worth $33,000. Activest Wealth Management grew its holdings in Eaton by 621.4% in the 4th quarter. Activest Wealth Management now owns 101 shares of the industrial products company's stock worth $34,000 after acquiring an additional 87 shares during the last quarter. Finally, DT Investment Partners LLC bought a new stake in Eaton in the 3rd quarter worth $37,000. Institutional investors own 82.97% of the company's stock.

Eaton Stock Down 0.2 %

Eaton stock traded down $0.48 during trading hours on Thursday, hitting $308.95. The stock had a trading volume of 1,982,892 shares, compared to its average volume of 3,330,502. 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 stock has a market capitalization of $122.10 billion, a P/E ratio of 32.52, a price-to-earnings-growth ratio of 2.68 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. The stock's 50-day moving average price is $334.15 and its 200-day moving average price is $332.04.

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 (EPS) for the quarter, topping 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 in the previous year, the firm earned $2.55 earnings per share. Equities research analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business'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 transaction of $534,554.96. Following the completion of the transaction, the insider now directly owns 31,200 shares of the company's stock, valued at $11,811,696. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory R. Page sold 10,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 43,203 shares of the company's stock, valued at $15,379,403.94. The trade was 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.

Wall Street Analyst Weigh In

ETN has been the topic of a number of research reports. Melius Research reaffirmed a "hold" rating and set a $373.00 target price on shares of Eaton in a research note on Tuesday, January 28th. JPMorgan Chase & Co. cut their target price on shares of Eaton from $350.00 to $348.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Barclays lifted their target price on shares of Eaton from $320.00 to $353.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Sanford C. Bernstein initiated coverage on shares of Eaton in a research note on Tuesday, November 5th. They set an "outperform" rating and a $382.00 target price on the stock. Finally, UBS Group initiated coverage on shares of Eaton in a research note on Wednesday, November 13th. They set a "buy" rating and a $431.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Eaton has an average rating of "Moderate Buy" and a consensus price target of $366.05.

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.