Atwood & Palmer Inc. grew its holdings in shares of Eaton Co. plc (NYSE:ETN – Free Report) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 218 shares of the industrial products company’s stock after purchasing an additional 46 shares during the period. Atwood & Palmer Inc.’s holdings in Eaton were worth $72,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of ETN. New Hampshire Trust raised its position in shares of Eaton by 0.5% during the 4th quarter. New Hampshire Trust now owns 13,434 shares of the industrial products company’s stock worth $4,458,000 after buying an additional 63 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in Eaton by 4.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 4,625 shares of the industrial products company’s stock worth $1,535,000 after purchasing an additional 218 shares in the last quarter. Gemmer Asset Management LLC lifted its position in Eaton by 1.7% in the fourth quarter. Gemmer Asset Management LLC now owns 3,072 shares of the industrial products company’s stock worth $1,020,000 after purchasing an additional 51 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Eaton by 31.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 29,744 shares of the industrial products company’s stock valued at $9,871,000 after purchasing an additional 7,057 shares in the last quarter. Finally, BigSur Wealth Management LLC increased its position in shares of Eaton by 4.4% during the 4th quarter. BigSur Wealth Management LLC now owns 956 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 40 shares during the period. 82.97% of the stock is currently owned by institutional investors.
Eaton Price Performance
Shares of Eaton stock opened at $346.54 on Tuesday. The company has a market cap of $136.95 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06. 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 fifty-two week low of $236.20 and a fifty-two week high of $379.99. The firm has a fifty day moving average price of $354.32 and a two-hundred day moving average price of $329.97.
Insider Transactions at Eaton
In other news, insider Craig Arnold sold 61,569 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $360.97, for a total transaction of $22,224,561.93. Following the sale, the insider now owns 506,360 shares in the company, valued at approximately $182,780,769.20. This represents a 10.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company’s stock in a transaction dated 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 owns 31,200 shares in the company, valued at approximately $11,811,696. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,981 shares of company stock valued at $27,660,117. Corporate insiders own 0.33% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Bank of America raised their target price on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays lifted 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. JPMorgan Chase & Co. cut their target price on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. UBS Group assumed coverage on shares of Eaton in a report on Wednesday, November 13th. They issued a “buy” rating and a $431.00 price objective for the company. Finally, Jefferies Financial Group raised their target price on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Eaton currently has an average rating of “Moderate Buy” and an average price target of $368.89.
Read Our Latest Stock Analysis on Eaton
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.
See Also
- Five stocks we like better than Eaton
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- 3 Stocks to Gain From Donald Trump’s External Revenue Service
- Using the MarketBeat Stock Split Calculator
- AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence
- How to Calculate Stock Profit
- Momentum Is Building for Qualcomm to Have a Strong Run in 2025
Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Co. plc (NYSE:ETN – Free Report).
Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.