Eaton Co. plc (NYSE:ETN) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,524 shares of the industrial products company's stock after purchasing an additional 2,531 shares during the period. HB Wealth Management LLC's holdings in Eaton were worth $5,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETN. Shelton Wealth Management LLC boosted its holdings in Eaton by 3.5% during the fourth quarter. Shelton Wealth Management LLC now owns 2,967 shares of the industrial products company's stock worth $985,000 after buying an additional 100 shares in the last quarter. Sanibel Captiva Trust Company Inc. grew its position in shares of Eaton by 6.0% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 5,006 shares of the industrial products company's stock valued at $1,661,000 after acquiring an additional 285 shares during the period. Spring Capital Management LLC increased its stake in shares of Eaton by 2.5% in the 4th quarter. Spring Capital Management LLC now owns 32,212 shares of the industrial products company's stock valued at $10,690,000 after purchasing an additional 793 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in Eaton by 2.0% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,639 shares of the industrial products company's stock worth $544,000 after purchasing an additional 32 shares in the last quarter. Finally, InTrack Investment Management Inc increased its position in shares of Eaton by 52.2% in the fourth quarter. InTrack Investment Management Inc now owns 6,717 shares of the industrial products company's stock valued at $2,285,000 after buying an additional 2,305 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Trading Up 0.4 %

Shares of NYSE:ETN traded up $1.35 during midday trading on Friday, reaching $346.54. 2,454,294 shares of the company's stock were exchanged, compared to its average volume of 1,724,943. The stock has a market cap of $136.95 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 2.27 and a beta of 1.06. Eaton Co. plc has a fifty-two week low of $236.20 and a fifty-two week high of $379.99. The firm's 50 day simple moving average is $354.32 and its two-hundred day simple moving average is $329.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.53 and a quick ratio of 1.00.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.80 by $0.04. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the business posted $2.47 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Eaton Co. plc will post 10.8 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 4th were issued a $0.94 dividend. The ex-dividend date was Monday, November 4th. This represents a $3.76 annualized dividend and a dividend yield of 1.09%. Eaton's dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In other Eaton news, Director Gregory R. Page sold 4,000 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $335.30, for a total transaction of $1,341,200.00. Following the sale, the director now owns 51,422 shares in the company, valued at $17,241,796.60. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $378.58, for a total value of $534,554.96. Following the transaction, the insider now directly owns 31,200 shares of the company's stock, 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. In the last 90 days, insiders have sold 76,981 shares of company stock valued at $27,660,117. Corporate insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ETN shares. Bank of America boosted their price target on shares of Eaton from $350.00 to $410.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Citigroup decreased their price target on shares of Eaton from $440.00 to $410.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a report on Wednesday. Barclays boosted their price target on Eaton from $320.00 to $353.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their target price on shares of Eaton from $365.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $368.89.

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.