Eaton Co. plc (NYSE:ETN) Shares Sold by POM Investment Strategies LLC

POM Investment Strategies LLC lessened its stake in Eaton Co. plc (NYSE:ETN) by 34.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 292 shares of the industrial products company’s stock after selling 154 shares during the quarter. POM Investment Strategies LLC’s holdings in Eaton were worth $97,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CHICAGO TRUST Co NA grew its position in shares of Eaton by 77.7% in the 3rd quarter. CHICAGO TRUST Co NA now owns 1,965 shares of the industrial products company’s stock worth $651,000 after acquiring an additional 859 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Eaton by 62.9% in the third quarter. Sound Income Strategies LLC now owns 697 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 269 shares during the period. Willis Investment Counsel increased its stake in Eaton by 43.5% during the third quarter. Willis Investment Counsel now owns 61,626 shares of the industrial products company’s stock valued at $20,425,000 after purchasing an additional 18,685 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in shares of Eaton by 251.5% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,037 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 742 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Eaton by 3.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,358 shares of the industrial products company’s stock worth $2,107,000 after buying an additional 207 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Stock Up 2.2 %

ETN opened at $319.97 on Tuesday. The stock’s fifty day moving average is $343.25 and its 200-day moving average is $331.29. Eaton Co. plc has a one year low of $255.65 and a one year high of $379.99. The company has a market capitalization of $126.45 billion, a PE ratio of 33.68, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share 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 period in the prior year, the business posted $2.55 earnings per share. On average, equities analysts predict that Eaton Co. plc will post 12.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $355.98, for a total value of $3,559,800.00. Following the transaction, the director now owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. This trade represents a 18.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $378.58, for a total transaction of $534,554.96. Following the sale, the insider now directly owns 31,200 shares of the company’s stock, valued at $11,811,696. This represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ETN. Barclays increased their price objective on shares of Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company dropped their price target on Eaton from $350.00 to $335.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Bank of America boosted their price objective on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Melius lowered Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price on the stock. in a research report on Tuesday, January 28th. Finally, Melius Research reissued a “hold” rating and set a $373.00 price target on shares of Eaton in a report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $369.20.

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.