Avior Wealth Management LLC Purchases 199 Shares of Eaton Co. plc (NYSE:ETN)

Avior Wealth Management LLC raised its position in shares of Eaton Co. plc (NYSE:ETN) by 7.7% in the fourth quarter, HoldingsChannel reports. The firm owned 2,793 shares of the industrial products company’s stock after buying an additional 199 shares during the quarter. Avior Wealth Management LLC’s holdings in Eaton were worth $927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Beacon Investment Advisory Services Inc. grew its stake in shares of Eaton by 1.1% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 46,826 shares of the industrial products company’s stock valued at $15,540,000 after acquiring an additional 498 shares during the period. Bill Few Associates Inc. increased its holdings in Eaton by 0.5% in the 4th quarter. Bill Few Associates Inc. now owns 8,555 shares of the industrial products company’s stock worth $2,839,000 after acquiring an additional 45 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new stake in Eaton in the 4th quarter worth approximately $1,720,000. Mutual Advisors LLC increased its holdings in Eaton by 3.9% in the 4th quarter. Mutual Advisors LLC now owns 6,629 shares of the industrial products company’s stock worth $2,288,000 after acquiring an additional 246 shares in the last quarter. Finally, Traynor Capital Management Inc. increased its holdings in Eaton by 11.1% in the 4th quarter. Traynor Capital Management Inc. now owns 821 shares of the industrial products company’s stock worth $273,000 after acquiring an additional 82 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ETN has been the subject of several analyst reports. Mizuho increased their target price on shares of Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Eaton from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Citigroup cut their price objective on shares of Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group initiated coverage on shares of Eaton in a report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price objective for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Eaton in a report on Tuesday, November 5th. They set an “outperform” rating and a $382.00 price objective for the company. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Eaton presently has an average rating of “Moderate Buy” and a consensus price target of $368.89.

Eaton Stock Down 0.3 %

Shares of ETN opened at $368.63 on Friday. 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. The business has a fifty day moving average of $353.77 and a 200 day moving average of $331.00. Eaton Co. plc has a 52-week low of $241.87 and a 52-week high of $379.99. 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 issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.37 billion. Eaton had a return on equity of 21.97% and a net margin of 15.32%. Eaton’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $2.47 earnings per share. On average, sell-side analysts expect that Eaton Co. plc will post 10.79 EPS for the current year.

Insider Buying and Selling

In other news, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction on Friday, December 13th. The stock was sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the completion of the sale, the director now directly owns 43,203 shares in the company, valued at approximately $15,379,403.94. This trade represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Arnold sold 61,569 shares of Eaton stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $360.97, for a total value of $22,224,561.93. Following the sale, the insider now owns 506,360 shares of the company’s stock, valued at approximately $182,780,769.20. This trade represents a 10.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,981 shares of company stock worth $27,660,117 over the last three months. 0.53% of the stock is owned by insiders.

Eaton Company 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.