6,426 Shares in Eaton Co. plc (NYSE:ETN) Purchased by Vivid Wealth Management LLC

Vivid Wealth Management LLC bought a new stake in Eaton Co. plc (NYSE:ETN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,426 shares of the industrial products company's stock, valued at approximately $2,133,000.

Several other large investors also recently made changes to their positions in the company. Myriad Asset Management US LP purchased a new stake in shares of Eaton in the fourth quarter worth approximately $1,987,000. PUREfi Wealth LLC purchased a new position in Eaton during the 4th quarter worth $429,000. Quadrant Private Wealth Management LLC boosted its holdings in Eaton by 32.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 1,145 shares of the industrial products company's stock worth $380,000 after acquiring an additional 281 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its stake in Eaton by 2.7% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 57,615 shares of the industrial products company's stock valued at $19,121,000 after buying an additional 1,494 shares during the last quarter. Finally, PICTET BANK & TRUST Ltd bought a new position in shares of Eaton during the 4th quarter worth approximately $1,339,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was 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 in the company, valued at $11,811,696. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory R. Page sold 10,000 shares of the company's stock in a transaction on 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 sale, the director now owns 43,203 shares of the company's stock, valued at $15,379,403.94. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Eaton Price Performance

Shares of NYSE:ETN traded down $5.37 during trading on Wednesday, reaching $307.76. The company had a trading volume of 1,086,953 shares, compared to its average volume of 3,316,919. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $335.20 and a two-hundred day moving average of $332.20. Eaton Co. plc has a 12 month low of $255.65 and a 12 month high of $379.99. The stock has a market capitalization of $121.62 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05.

Eaton (NYSE:ETN - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 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 quarter in the previous year, the company earned $2.55 EPS. Equities research analysts forecast that Eaton Co. plc will post 12.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ETN shares. Jefferies Financial Group increased their price target on shares of Eaton from $400.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. reduced their price objective on Eaton from $350.00 to $348.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. UBS Group started coverage on Eaton in a report on Wednesday, November 13th. They set a "buy" rating and a $431.00 price objective for the company. Evercore ISI lowered their price objective on Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a research note on Wednesday. Finally, Melius Research restated a "hold" rating and issued a $373.00 price objective on shares of Eaton in a research note on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Eaton currently has an average rating of "Moderate Buy" and a consensus price target 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.