Eaton Co. plc (NYSE:ETN) Stock Holdings Lessened by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its holdings in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,381 shares of the industrial products company's stock after selling 6,240 shares during the quarter. Sanctuary Advisors LLC's holdings in Eaton were worth $34,797,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ETN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Eaton by 253.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,273,685 shares of the industrial products company's stock worth $753,590,000 after purchasing an additional 1,629,856 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Eaton by 27,075.5% during the third quarter. International Assets Investment Management LLC now owns 1,073,976 shares of the industrial products company's stock worth $355,959,000 after purchasing an additional 1,070,024 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Eaton by 32.8% during the third quarter. Janus Henderson Group PLC now owns 2,419,200 shares of the industrial products company's stock worth $801,798,000 after purchasing an additional 597,700 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Eaton during the third quarter worth $137,794,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Eaton by 3,508.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 401,728 shares of the industrial products company's stock worth $133,321,000 after purchasing an additional 390,595 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Stock Performance

Shares of Eaton stock traded down $0.48 during trading on Thursday, hitting $308.95. 1,982,892 shares of the stock were exchanged, compared to its average volume of 3,330,502. The stock's fifty day moving average is $334.15 and its 200 day moving average is $332.04. The stock has a market cap of $122.10 billion, a PE ratio of 32.52, a P/E/G ratio of 2.68 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 Co. plc has a 12 month low of $255.65 and a 12 month high of $379.99.

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 (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 last year, the firm posted $2.55 earnings per share. As a group, sell-side analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current year.

Insider Activity

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm's stock in a transaction dated 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 trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory R. Page sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 43,203 shares of the company's stock, 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. Insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

ETN has been the topic of a number of recent research reports. Mizuho boosted their target price on shares of Eaton from $365.00 to $385.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. cut their price target on shares of Eaton from $350.00 to $348.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada cut their price target on shares of Eaton from $407.00 to $405.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Bank of America upped their price target on shares of Eaton from $350.00 to $410.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Melius Research reaffirmed a "hold" rating and issued a $373.00 price target on shares of Eaton in a report on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of "Moderate Buy" and an average target price of $366.05.

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.