Mount Yale Investment Advisors LLC Has $995,000 Stock Holdings in Eaton Co. plc (NYSE:ETN)

Mount Yale Investment Advisors LLC boosted its stake in Eaton Co. plc (NYSE:ETN) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,999 shares of the industrial products company’s stock after buying an additional 46 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Eaton were worth $995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ETN. Pacer Advisors Inc. grew its holdings in shares of Eaton by 7.1% during the fourth quarter. Pacer Advisors Inc. now owns 31,622 shares of the industrial products company’s stock worth $10,494,000 after purchasing an additional 2,110 shares during the last quarter. Webster Bank N. A. boosted its holdings in Eaton by 52.4% during the fourth quarter. Webster Bank N. A. now owns 17,925 shares of the industrial products company’s stock worth $5,949,000 after buying an additional 6,166 shares during the last quarter. KBC Group NV grew its position in shares of Eaton by 16.2% during the 4th quarter. KBC Group NV now owns 66,296 shares of the industrial products company’s stock worth $22,002,000 after buying an additional 9,252 shares during the period. Blue Trust Inc. increased its stake in Eaton by 13.2% in the fourth quarter. Blue Trust Inc. now owns 14,494 shares of the industrial products company’s stock valued at $4,804,000 after purchasing an additional 1,694 shares in the last quarter. Finally, PFG Investments LLC boosted its position in shares of Eaton by 0.5% during the fourth quarter. PFG Investments LLC now owns 7,366 shares of the industrial products company’s stock worth $2,445,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Performance

Shares of Eaton stock opened at $310.11 on Tuesday. The business has a 50-day moving average price of $353.96 and a two-hundred day moving average price of $331.47. Eaton Co. plc has a 1-year low of $244.35 and a 1-year high of $379.99. The company has a market cap of $122.55 billion, a P/E ratio of 32.99, a PEG ratio of 2.57 and a beta of 1.06. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ETN. JPMorgan Chase & Co. cut their price target on Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Barclays lifted their price objective on shares of Eaton from $320.00 to $353.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Jefferies Financial Group increased their price target on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, December 6th. 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 target on the stock. Finally, Bank of America lifted their target price on Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $368.89.

Insider Buying and Selling

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $11,811,696. The trade was a 4.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory R. Page sold 4,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $335.30, for a total value of $1,341,200.00. Following the completion of the transaction, the director now owns 51,422 shares of the company’s stock, valued at $17,241,796.60. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,981 shares of company stock worth $27,660,117 in the last ninety days. Corporate insiders own 0.53% of the company’s stock.

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.