Sandbox Financial Partners LLC Invests $320,000 in Eaton Co. plc (NYSE:ETN)

Sandbox Financial Partners LLC purchased a new position in Eaton Co. plc (NYSE:ETN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 964 shares of the industrial products company's stock, valued at approximately $320,000.

A number of other large investors also recently modified their holdings of the business. Groupama Asset Managment lifted its position in Eaton by 83.2% in the third quarter. Groupama Asset Managment now owns 9,463 shares of the industrial products company's stock worth $31,000 after purchasing an additional 4,298 shares during the period. Horizon Bancorp Inc. IN lifted its holdings in shares of Eaton by 321.7% in 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 period. Morse Asset Management Inc bought a new position in Eaton during the third quarter valued at about $33,000. West Financial Advisors LLC acquired a new position in Eaton during the third quarter worth about $35,000. Finally, DT Investment Partners LLC acquired a new stake in Eaton in the 3rd quarter valued at about $37,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eaton

In other news, Director Gregory R. Page sold 4,000 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $335.30, for a total transaction of $1,341,200.00. Following the completion of the transaction, the director now owns 51,422 shares of the company's stock, valued at approximately $17,241,796.60. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of Eaton 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 sale, the insider now directly owns 31,200 shares in the company, valued at approximately $11,811,696. This trade represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,981 shares of company stock worth $27,660,117 over the last three months. 0.33% of the stock is currently owned by insiders.

Eaton Stock Performance

Shares of ETN stock traded up $1.35 during trading on Friday, reaching $346.54. The company had a trading volume of 2,454,294 shares, compared to its average volume of 1,724,943. Eaton Co. plc has a one year low of $236.20 and a one year high of $379.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.53 and a quick ratio of 1.00. 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 market capitalization of $136.95 billion, a PE ratio of 36.87, a PEG ratio of 2.27 and a beta of 1.06.

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

Eaton Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Mizuho boosted their target price on shares of Eaton from $365.00 to $385.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. cut their price objective on Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a research report on Wednesday. UBS Group assumed coverage on Eaton in a research report on Wednesday, November 13th. They set a "buy" rating and a $431.00 target price on the stock. Sanford C. Bernstein started coverage on Eaton in a research note on Tuesday, November 5th. They issued an "outperform" rating and a $382.00 price target on the stock. Finally, Jefferies Financial Group upped their price objective on shares of Eaton from $400.00 to $440.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.