Eaton Co. plc (NYSE:ETN) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,945 shares of the industrial products company's stock after buying an additional 1,820 shares during the period. Global Retirement Partners LLC's holdings in Eaton were worth $4,296,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in Eaton in the fourth quarter worth approximately $50,000. Callahan Advisors LLC raised its position in shares of Eaton by 2.9% during the 4th quarter. Callahan Advisors LLC now owns 19,459 shares of the industrial products company's stock valued at $6,458,000 after buying an additional 551 shares in the last quarter. Davidson Investment Advisors lifted its stake in shares of Eaton by 2.0% in the 4th quarter. Davidson Investment Advisors now owns 53,474 shares of the industrial products company's stock valued at $17,746,000 after purchasing an additional 1,064 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Eaton by 42.6% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,803 shares of the industrial products company's stock valued at $5,576,000 after acquiring an additional 5,016 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Eaton by 11.0% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,543 shares of the industrial products company's stock worth $844,000 after acquiring an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Eaton Price Performance

Shares of Eaton stock traded down $11.20 during mid-day trading on Friday, reaching $297.62. 2,960,578 shares of the stock traded hands, compared to its average volume of 3,313,725. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $333.15 and a 200 day moving average of $331.88. The stock has a market capitalization of $117.62 billion, a PE ratio of 31.25, a PEG ratio of 2.65 and a beta of 1.05. Eaton Co. plc has a fifty-two week low of $255.65 and a fifty-two week high of $379.99.

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

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 on Friday, December 13th. The stock was sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the sale, the director now owns 43,203 shares of the company's stock, valued at approximately $15,379,403.94. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the insider now owns 31,200 shares in the company, valued at approximately $11,811,696. This represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

ETN has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Eaton from $407.00 to $405.00 and set an "outperform" rating on the stock in a research report 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 price target for the company. Evercore ISI cut their price objective on Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a research report on Wednesday. Melius downgraded shares of Eaton from a "buy" rating to a "hold" rating and set a $373.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Bank of America boosted their price target on Eaton from $350.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of "Moderate Buy" and a consensus target price of $366.05.

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.