1,519 Shares in Eaton Co. plc (NYSE:ETN) Acquired by Brueske Advisory Services LLC

Brueske Advisory Services LLC purchased a new position in shares of Eaton Co. plc (NYSE:ETN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,519 shares of the industrial products company’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in Eaton by 42,255.3% during the 4th quarter. Proficio Capital Partners LLC now owns 732,323 shares of the industrial products company’s stock worth $243,036,000 after buying an additional 730,594 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Eaton by 9.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 77,155 shares of the industrial products company’s stock valued at $25,605,000 after purchasing an additional 6,635 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Eaton by 0.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 46,813 shares of the industrial products company’s stock valued at $15,536,000 after purchasing an additional 159 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Eaton during the fourth quarter valued at $226,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in Eaton by 2.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 157,714 shares of the industrial products company’s stock valued at $52,341,000 after buying an additional 3,600 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ETN has been the topic of several research reports. Jefferies Financial Group upped their target price on Eaton from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Mizuho raised 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. Royal Bank of Canada reiterated an “outperform” rating on shares of Eaton in a research report on Thursday, February 13th. Melius cut Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price for the company. in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their price target on Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $366.05.

Eaton Trading Up 3.4 %

Shares of Eaton stock opened at $297.28 on Thursday. Eaton Co. plc has a 1-year low of $255.65 and a 1-year high of $379.99. The company’s fifty day simple moving average is $328.71 and its 200-day simple moving average is $332.55. The stock has a market capitalization of $117.48 billion, a PE ratio of 31.29, a P/E/G ratio of 2.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96.

Eaton (NYSE:ETN) last posted its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $2.55 earnings per share. As a group, equities analysts anticipate that Eaton Co. plc will post 12.02 earnings per share for the current year.

Insider Activity at Eaton

In other news, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction that occurred on Friday, December 13th. The shares were 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 $15,379,403.94. The trade was a 18.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is currently owned by company insiders.

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.