Eaton Co. plc (NYSE:ETN) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in Eaton Co. plc (NYSE:ETN) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,622 shares of the industrial products company’s stock after purchasing an additional 2,110 shares during the period. Pacer Advisors Inc.’s holdings in Eaton were worth $10,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Webster Bank N. A. raised its holdings in shares of Eaton by 52.4% in the 4th quarter. Webster Bank N. A. now owns 17,925 shares of the industrial products company’s stock valued at $5,949,000 after purchasing an additional 6,166 shares in the last quarter. KBC Group NV increased its position in Eaton by 16.2% during the fourth 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. raised its position in Eaton by 13.2% in the 4th 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 during the last quarter. PFG Investments LLC grew its holdings 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 buying an additional 37 shares during the last quarter. Finally, Clarendon Private LLC acquired a new position in shares of Eaton in the fourth quarter valued at approximately $582,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETN has been the topic of several recent analyst reports. Melius Research reiterated a “hold” rating and set a $373.00 target price on shares of Eaton in a research report on Tuesday. Mizuho lifted their price objective on Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Eaton from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Melius lowered shares of 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. Finally, Citigroup lowered their price objective on Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. 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, Eaton currently has an average rating of “Moderate Buy” and an average price target of $369.30.

Insider Activity at Eaton

In other news, Director Gregory R. Page sold 4,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $335.30, for a total transaction of $1,341,200.00. Following the sale, the director now directly owns 51,422 shares in the company, valued at approximately $17,241,796.60. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the insider now owns 31,200 shares of the company’s stock, valued at $11,811,696. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,981 shares of company stock valued at $27,660,117 over the last three months. 0.53% of the stock is owned by insiders.

Eaton Price Performance

Shares of NYSE ETN opened at $312.26 on Wednesday. The business has a 50 day moving average price of $353.01 and a two-hundred day moving average price of $331.34. Eaton Co. plc has a fifty-two week low of $244.35 and a fifty-two week high of $379.99. The firm has a market cap of $123.41 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.57 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.45.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.37 billion. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 EPS. Sell-side analysts expect that Eaton Co. plc will post 10.79 earnings per share for the current fiscal 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.