Bryn Mawr Capital Management LLC Boosts Stock Position in Eaton Co. plc (NYSE:ETN)

Bryn Mawr Capital Management LLC increased its position in Eaton Co. plc (NYSE:ETN - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,004 shares of the industrial products company's stock after purchasing an additional 1,655 shares during the period. Bryn Mawr Capital Management LLC's holdings in Eaton were worth $2,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETN. B. Riley Wealth Advisors Inc. grew its stake 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 acquiring an additional 13,497 shares in the last quarter. Lighthouse Wealth Management Inc. bought a new stake in Eaton in the 4th quarter worth about $297,000. Webster Bank N. A. increased its stake in Eaton by 52.4% in the 4th quarter. Webster Bank N. A. now owns 17,925 shares of the industrial products company's stock valued at $5,949,000 after buying an additional 6,166 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Eaton by 9.3% during 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. boosted its stake 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 during the last quarter. Institutional investors own 82.97% of the company's stock.

Eaton Stock Performance

Shares of Eaton stock traded down $11.71 during trading hours on Friday, reaching $297.11. The company had a trading volume of 4,399,446 shares, compared to its average volume of 3,361,916. The firm has a market cap of $117.42 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 2.65 and a beta of 1.05. Eaton Co. plc has a one year low of $255.65 and a one year high of $379.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The business has a fifty day simple moving average of $333.15 and a 200 day simple moving average of $331.88.

Eaton (NYSE:ETN - Get Free Report) last issued its earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS 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 period in the prior year, the company posted $2.55 earnings per share. On average, analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Melius Research reaffirmed a "hold" rating and set a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada cut their price target on shares of Eaton from $407.00 to $405.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on shares of Eaton from $350.00 to $335.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Finally, Barclays boosted 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. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Eaton presently has an average rating of "Moderate Buy" and an average target price of $366.05.

Insider Activity at Eaton

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 43,203 shares of the company's stock, valued at $15,379,403.94. This trade represents a 18.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 31,200 shares in the company, valued at approximately $11,811,696. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate 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.