Eaton Co. plc (NYSE:ETN) Shares Sold by National Pension Service

National Pension Service cut its stake in shares of Eaton Co. plc (NYSE:ETN) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 830,125 shares of the industrial products company’s stock after selling 35,695 shares during the period. National Pension Service’s holdings in Eaton were worth $275,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Groupama Asset Managment lifted its stake in shares of Eaton by 83.2% in the 3rd quarter. Groupama Asset Managment now owns 9,463 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 4,298 shares during the period. Horizon Bancorp Inc. IN raised its holdings in Eaton by 321.7% during the fourth quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Morse Asset Management Inc acquired a new stake in Eaton in the third quarter valued at about $33,000. Activest Wealth Management boosted its holdings in Eaton by 621.4% in the 4th quarter. Activest Wealth Management now owns 101 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 87 shares in the last quarter. Finally, Hager Investment Management Services LLC purchased a new position in shares of Eaton during the 4th quarter worth approximately $38,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Trading Down 0.9 %

Shares of Eaton stock opened at $287.12 on Wednesday. The firm has a market cap of $113.47 billion, a PE ratio of 30.22, a P/E/G ratio of 2.64 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. Eaton Co. plc has a fifty-two week low of $255.65 and a fifty-two week high of $379.99. The business’s fifty day moving average is $329.47 and its two-hundred day moving average is $332.80.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same period last year, the business posted $2.55 EPS. Analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current year.

Insider Buying and Selling

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the completion of the sale, the director now owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ETN has been the topic of a number of analyst reports. Barclays lifted their price target on Eaton from $320.00 to $353.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Citigroup lowered their price target on shares of Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating on shares of Eaton in a research note on Thursday, February 13th. UBS Group started coverage on shares of Eaton in a report on Wednesday, November 13th. They issued a “buy” rating and a $431.00 target price for the company. Finally, Melius Research reissued a “hold” rating and set a $373.00 price target on shares of Eaton in a research note on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.