Transamerica Financial Advisors Inc. Has $6.80 Million Holdings in Eaton Co. plc (NYSE:ETN)

Transamerica Financial Advisors Inc. decreased its stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 17.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,503 shares of the industrial products company's stock after selling 4,236 shares during the quarter. Transamerica Financial Advisors Inc.'s holdings in Eaton were worth $6,796,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ETN. IAM Advisory LLC acquired a new stake in Eaton during the second quarter worth $599,000. Interval Partners LP increased its stake in Eaton by 82.7% in the second quarter. Interval Partners LP now owns 151,716 shares of the industrial products company's stock valued at $47,571,000 after acquiring an additional 68,693 shares during the period. Scientech Research LLC raised its position in Eaton by 285.5% in the second quarter. Scientech Research LLC now owns 5,744 shares of the industrial products company's stock worth $1,801,000 after purchasing an additional 4,254 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Eaton by 25.9% during the second quarter. B. Riley Wealth Advisors Inc. now owns 27,609 shares of the industrial products company's stock valued at $8,657,000 after purchasing an additional 5,676 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its stake in shares of Eaton by 67.6% in the 2nd quarter. Leavell Investment Management Inc. now owns 8,556 shares of the industrial products company's stock valued at $2,683,000 after purchasing an additional 3,452 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Buying and Selling

In other 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 transaction, the insider now directly owns 31,200 shares of the company's stock, valued at $11,811,696. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig Arnold sold 61,569 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $360.97, for a total transaction of $22,224,561.93. Following the completion of the transaction, the insider now directly owns 506,360 shares of the company's stock, valued at $182,780,769.20. This trade represents a 10.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,117 shares of company stock valued at $25,050,901 over the last three months. Company insiders own 0.33% of the company's stock.

Eaton Trading Up 0.1 %

Eaton stock traded up $0.55 during mid-day trading on Tuesday, hitting $377.23. The stock had a trading volume of 2,096,127 shares, compared to its average volume of 2,112,109. The stock has a market capitalization of $149.08 billion, a PE ratio of 40.13, a P/E/G ratio of 2.99 and a beta of 1.01. Eaton Co. plc has a 12 month low of $224.52 and a 12 month high of $379.99. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of $345.46 and a two-hundred day simple moving average of $323.55.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.37 billion. During the same quarter in the previous year, the company earned $2.47 EPS. Eaton's revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Eaton Co. plc will post 10.8 EPS for the current year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 4th were given a $0.94 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $3.76 annualized dividend and a dividend yield of 1.00%. Eaton's dividend payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ETN. UBS Group assumed coverage on Eaton in a research note on Wednesday, November 13th. They issued a "buy" rating and a $431.00 price target on the stock. Barclays lowered their target price on shares of Eaton from $327.00 to $320.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Sanford C. Bernstein began coverage on shares of Eaton in a research report on Tuesday, November 5th. They issued an "outperform" rating and a $382.00 price target on the stock. Raymond James dropped their price objective on shares of Eaton from $375.00 to $365.00 and set an "outperform" rating for the company in a report on Monday, September 9th. Finally, Morgan Stanley initiated coverage on Eaton in a report on Friday, September 6th. They issued an "overweight" rating and a $370.00 target price on the stock. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $357.83.

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.