First National Bank & Trust Co. of Newtown Sells 2,080 Shares of Eaton Co. plc (NYSE:ETN)

First National Bank & Trust Co. of Newtown decreased its holdings in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 56.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,603 shares of the industrial products company's stock after selling 2,080 shares during the quarter. First National Bank & Trust Co. of Newtown's holdings in Eaton were worth $532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Horizon Bancorp Inc. IN raised its position in shares of Eaton by 321.7% during the fourth quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company's stock valued at $32,000 after buying an additional 74 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Eaton in the 3rd quarter worth approximately $33,000. Activest Wealth Management grew its holdings in shares of Eaton by 621.4% during the 4th quarter. Activest Wealth Management now owns 101 shares of the industrial products company's stock worth $34,000 after purchasing an additional 87 shares in the last quarter. DT Investment Partners LLC bought a new stake in shares of Eaton during the third quarter valued at approximately $37,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Eaton in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ETN. Melius downgraded shares of 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. Evercore ISI decreased their target price on shares of Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a research report on Wednesday. Melius Research reissued a "hold" rating and issued a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. Mizuho lifted their price objective on Eaton from $365.00 to $385.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Barclays increased their target price on Eaton from $320.00 to $353.00 and gave the stock an "equal weight" rating in a 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 data from MarketBeat.com, Eaton has a consensus rating of "Moderate Buy" and an average price target of $366.05.

Eaton Price Performance

ETN traded down $11.71 during midday trading on Friday, hitting $297.11. The company had a trading volume of 4,399,446 shares, compared to its average volume of 3,361,916. Eaton Co. plc has a twelve month low of $255.65 and a twelve month high of $379.99. The firm's 50-day simple moving average is $333.15 and its 200-day simple moving average is $331.88. The company has a market capitalization of $117.42 billion, a PE ratio of 31.27, a P/E/G ratio of 2.65 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share 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 last year, the company earned $2.55 earnings per share. Equities research analysts predict that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Insider Transactions at Eaton

In other Eaton news, insider Ernest W. Marshall, Jr. sold 1,412 shares of Eaton stock in a transaction 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 sale, the insider now owns 31,200 shares of the company's stock, valued at approximately $11,811,696. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $3,559,800.00. Following the completion of the transaction, the director now directly owns 43,203 shares in the company, valued at approximately $15,379,403.94. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently 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.