Representative Josh Gottheimer (D-New Jersey) recently sold shares of Eaton Co. plc NYSE: ETN. In a filing disclosed on February 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Eaton stock on January 23rd. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/31/2025.
- Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 1/31/2025.
- Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Mastercard NYSE: MA on 1/31/2025.
- Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 1/30/2025.
- Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 1/30/2025.
Eaton Stock Up 0.5 %
ETN stock traded up $1.40 on Friday, hitting $309.21. 3,174,331 shares of the company's stock were exchanged, compared to its average volume of 3,669,676. Eaton Co. plc has a 12-month low of $255.65 and a 12-month high of $379.99. The firm has a 50 day moving average price of $337.21 and a two-hundred day moving average price of $331.39. 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 cap of $122.20 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.
Eaton (NYSE:ETN - Get Free Report) last announced its earnings results 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 business posted $2.55 EPS. As a group, equities research analysts expect that Eaton Co. plc will post 12.04 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have weighed in on ETN shares. JPMorgan Chase & Co. dropped their price target on Eaton from $350.00 to $348.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Melius downgraded Eaton from a "buy" rating to a "hold" rating and set a $373.00 price target on the stock. in a research note on Tuesday, January 28th. Bank of America upped their target price on Eaton from $350.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Sanford C. Bernstein began coverage on Eaton in a research note on Tuesday, November 5th. They issued an "outperform" rating and a $382.00 target price on the stock. Finally, Jefferies Financial Group upped their target price on Eaton from $400.00 to $440.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $369.20.
Check Out Our Latest Stock Analysis on ETN
Hedge Funds Weigh In On Eaton
A number of hedge funds have recently made changes to their positions in ETN. Brookstone Capital Management raised its holdings in shares of Eaton by 6.7% during the third quarter. Brookstone Capital Management now owns 2,766 shares of the industrial products company's stock valued at $917,000 after acquiring an additional 173 shares during the last quarter. CWM LLC raised its holdings in shares of Eaton by 3.2% during the third quarter. CWM LLC now owns 17,348 shares of the industrial products company's stock valued at $5,750,000 after acquiring an additional 537 shares during the last quarter. Perfromance Wealth Partners LLC raised its holdings in shares of Eaton by 22.2% during the third quarter. Perfromance Wealth Partners LLC now owns 880 shares of the industrial products company's stock valued at $292,000 after acquiring an additional 160 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Eaton by 4.5% during the third quarter. Ritholtz Wealth Management now owns 6,288 shares of the industrial products company's stock valued at $2,084,000 after acquiring an additional 273 shares during the last quarter. Finally, InTrack Investment Management Inc acquired a new position in shares of Eaton during the third quarter valued at approximately $1,462,000. Institutional investors and hedge funds own 82.97% of the company's stock.
Insider Buying and Selling at Eaton
In other news, Director Gregory R. Page sold 10,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 43,203 shares in the company, valued at $15,379,403.94. This represents a 18.80 % decrease in their ownership of the stock. The transaction 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 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 sale, the insider now owns 31,200 shares of the company's stock, valued at $11,811,696. This trade represents a 4.33 % 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 Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.
Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election.
Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.
Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
About Eaton
(
Get Free Report)
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.
Further Reading
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