Moody Lynn & Lieberson LLC Purchases 464 Shares of Eaton Co. plc (NYSE:ETN)

Moody Lynn & Lieberson LLC increased its position in Eaton Co. plc (NYSE:ETN) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,758 shares of the industrial products company’s stock after acquiring an additional 464 shares during the period. Eaton comprises about 1.6% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 20th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Eaton were worth $26,137,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ETN. Dark Forest Capital Management LP bought a new position in Eaton in the 2nd quarter worth $400,000. Maverick Capital Ltd. bought a new position in shares of Eaton during the 2nd quarter valued at approximately $782,000. Lighthouse Investment Partners LLC purchased a new stake in Eaton in the 2nd quarter worth approximately $2,195,000. Susquehanna Fundamental Investments LLC bought a new stake in Eaton during the 2nd quarter worth approximately $2,383,000. Finally, Dorsey Wright & Associates boosted its position in shares of Eaton by 2.6% in the second quarter. Dorsey Wright & Associates now owns 7,237 shares of the industrial products company’s stock worth $2,269,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, Director Gregory R. Page sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $378.58, for a total value of $534,554.96. Following the completion of the sale, the insider now owns 31,200 shares of the company’s stock, valued at $11,811,696. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,981 shares of company stock valued at $27,660,117. 0.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on ETN. JPMorgan Chase & Co. decreased their price objective on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group boosted their price objective on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup cut their target price on Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Mizuho upped their price target on Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Eaton from $374.00 to $392.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.89.

Eaton Stock Down 0.3 %

Shares of ETN opened at $368.63 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $353.96 and a 200 day moving average of $331.35. The company has a market cap of $145.68 billion, a PE ratio of 39.22, a P/E/G ratio of 2.57 and a beta of 1.06. Eaton Co. plc has a 52-week low of $241.87 and a 52-week high of $379.99.

Eaton (NYSE:ETN) last released its earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the business earned $2.47 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Eaton Co. plc will post 10.79 EPS for the current year.

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.