Private Advisor Group LLC Purchases 1,457 Shares of Eaton Co. plc (NYSE:ETN)

Private Advisor Group LLC raised its holdings in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,021 shares of the industrial products company's stock after acquiring an additional 1,457 shares during the period. Private Advisor Group LLC's holdings in Eaton were worth $13,282,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Eaton by 0.7% during the third quarter. Geode Capital Management LLC now owns 8,069,341 shares of the industrial products company's stock valued at $2,665,342,000 after purchasing an additional 56,516 shares during the period. Franklin Resources Inc. boosted its position in shares of Eaton by 15.1% during the third quarter. Franklin Resources Inc. now owns 2,421,626 shares of the industrial products company's stock worth $836,938,000 after purchasing an additional 316,830 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Eaton by 32.8% in the 3rd quarter. Janus Henderson Group PLC now owns 2,419,200 shares of the industrial products company's stock valued at $801,798,000 after buying an additional 597,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Eaton by 253.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,273,685 shares of the industrial products company's stock valued at $753,590,000 after buying an additional 1,629,856 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Eaton by 1.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,436,051 shares of the industrial products company's stock worth $476,582,000 after buying an additional 13,862 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ETN shares. Royal Bank of Canada decreased their target price on Eaton from $407.00 to $405.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Sanford C. Bernstein started coverage on Eaton in a research note on Tuesday, November 5th. They set an "outperform" rating and a $382.00 target price for the company. Barclays lifted their price target 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. UBS Group began coverage on shares of Eaton in a research report on Wednesday, November 13th. They set a "buy" rating and a $431.00 price objective for the company. Finally, Melius Research reaffirmed a "hold" rating and issued a $373.00 price objective on shares of Eaton in a research report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Eaton presently has an average rating of "Moderate Buy" and a consensus price target of $366.05.

Eaton Price Performance

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

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data 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 in the prior year, the company posted $2.55 earnings per share. Equities research analysts forecast 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 value of $534,554.96. Following the completion of the transaction, the insider now owns 31,200 shares of the company's stock, valued at $11,811,696. This represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory R. Page sold 10,000 shares of Eaton 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 sale, the director now directly owns 43,203 shares in the company, 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. 0.53% of the stock is currently owned by insiders.

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.