Financiere des Professionnels Fonds d investissement inc. Has $13.66 Million Stock Position in Eaton Co. plc (NYSE:ETN)

Financiere des Professionnels Fonds d investissement inc. cut its stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,145 shares of the industrial products company's stock after selling 5,784 shares during the quarter. Eaton makes up 1.0% of Financiere des Professionnels Fonds d investissement inc.'s portfolio, making the stock its 25th largest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in Eaton were worth $13,655,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Planning raised its stake in shares of Eaton by 2.7% in the third quarter. Creative Planning now owns 181,067 shares of the industrial products company's stock valued at $60,013,000 after acquiring an additional 4,705 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Eaton by 3.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 27,587 shares of the industrial products company's stock valued at $9,144,000 after purchasing an additional 990 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its position in Eaton by 11.8% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 776 shares of the industrial products company's stock valued at $257,000 after purchasing an additional 82 shares during the last quarter. Capital Investment Advisors LLC raised its position in Eaton by 3.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 5,440 shares of the industrial products company's stock valued at $1,803,000 after purchasing an additional 158 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Eaton by 21.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 252,312 shares of the industrial products company's stock valued at $83,626,000 after purchasing an additional 44,052 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Eaton Trading Down 0.2 %

NYSE:ETN 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. 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 quick ratio of 0.96 and a current ratio of 1.50. The company has a market cap of $122.10 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 2.68 and a beta of 1.05. The business's 50 day moving average is $334.15 and its 200-day moving average is $332.04.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, beating analysts' consensus estimates 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 company posted $2.55 earnings per share. Sell-side analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ETN shares. Citigroup cut their price target on Eaton from $440.00 to $410.00 and set a "buy" rating for the company in a report on Monday, January 13th. Sanford C. Bernstein assumed coverage on shares of Eaton in a research note on Tuesday, November 5th. They issued an "outperform" rating and a $382.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on shares of Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Melius Research restated a "hold" rating and issued a $373.00 price objective on shares of Eaton in a research report on Tuesday, January 28th. Finally, Barclays boosted their price objective on shares of Eaton from $320.00 to $353.00 and gave the stock an "equal weight" rating in a research report 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. According to MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and a consensus target price of $366.05.

Insider Buying and Selling

In other news, Director Gregory R. Page sold 10,000 shares of the stock in a transaction 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the 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 sale, the insider now directly owns 31,200 shares of the company's stock, valued at $11,811,696. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Eaton Profile

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.