Bank of New Hampshire Sells 247 Shares of Eaton Co. plc (NYSE:ETN)

Bank of New Hampshire lessened its holdings in Eaton Co. plc (NYSE:ETN) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,521 shares of the industrial products company’s stock after selling 247 shares during the period. Bank of New Hampshire’s holdings in Eaton were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Breakwater Investment Management raised its stake in Eaton by 1,560.0% in the 2nd quarter. Breakwater Investment Management now owns 83 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 78 shares during the period. Morse Asset Management Inc bought a new stake in Eaton in the 3rd quarter valued at $33,000. West Financial Advisors LLC bought a new stake in Eaton in the 3rd quarter valued at $35,000. DT Investment Partners LLC bought a new stake in Eaton in the 3rd quarter valued at $37,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in Eaton in the 3rd quarter valued at $44,000. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Eaton

In other news, Director Gregory R. Page sold 4,000 shares of the firm’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 completion of the transaction, the director now directly owns 51,422 shares in the company, valued at $17,241,796.60. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 76,981 shares of company stock worth $27,660,117. 0.53% of the stock is currently owned by insiders.

Eaton Price Performance

Shares of ETN stock traded down $2.22 on Tuesday, hitting $346.34. 579,584 shares of the company’s stock were exchanged, compared to its average volume of 1,969,123. 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 Co. plc has a 12 month low of $234.20 and a 12 month high of $379.99. The stock has a market cap of $136.87 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.74 and a beta of 1.06. The company has a 50 day moving average of $354.73 and a 200 day moving average of $328.29.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the company earned $2.47 EPS. Eaton’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Eaton Co. plc will post 10.8 EPS for the current year.

Eaton Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ETN shares. Citigroup increased their price target on Eaton from $394.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company upped their price objective on Eaton from $315.00 to $342.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Royal Bank of Canada upped their price objective on Eaton from $374.00 to $392.00 and gave the company an “outperform” rating in a report on Friday. Jefferies Financial Group upped their price objective on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Raymond James decreased their price objective on Eaton from $375.00 to $365.00 and set an “outperform” rating on the stock in a report on Monday, September 9th. Four 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 has a consensus rating of “Moderate Buy” and a consensus price target of $368.83.

Eaton Company 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.