Eaton Co. plc (NYSE:ETN) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC grew its holdings in shares of Eaton Co. plc (NYSE:ETN) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,341 shares of the industrial products company’s stock after purchasing an additional 45 shares during the period. Brighton Jones LLC’s holdings in Eaton were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Veracity Capital LLC increased its holdings in shares of Eaton by 26.3% in the fourth quarter. Veracity Capital LLC now owns 956 shares of the industrial products company’s stock valued at $317,000 after buying an additional 199 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of Eaton by 6.8% during the fourth quarter. Secure Asset Management LLC now owns 2,933 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 188 shares during the last quarter. Red Door Wealth Management LLC raised its holdings in Eaton by 2.9% during the 4th quarter. Red Door Wealth Management LLC now owns 1,627 shares of the industrial products company’s stock worth $540,000 after buying an additional 46 shares during the period. Capital Planning Advisors LLC purchased a new stake in Eaton during the fourth quarter valued at about $1,205,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of Eaton by 7.7% in the fourth quarter. Avior Wealth Management LLC now owns 2,793 shares of the industrial products company’s stock worth $927,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

ETN has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Barclays raised their target price on Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Sanford C. Bernstein started coverage on Eaton in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price objective for the company. UBS Group assumed coverage on Eaton in a research note on Wednesday, November 13th. They set a “buy” rating and a $431.00 target price on the stock. Finally, Citigroup reduced their price target on shares of Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Eaton currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.89.

Eaton Trading Down 0.3 %

Shares of NYSE:ETN opened at $368.63 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The stock has a market capitalization 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 1 year low of $241.87 and a 1 year high of $379.99. The firm has a fifty day moving average price of $353.77 and a 200 day moving average price of $331.00.

Eaton (NYSE:ETN) last issued 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. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter in the prior year, the firm posted $2.47 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Eaton Co. plc will post 10.79 EPS for the current fiscal year.

Insider Activity

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of Eaton stock in a transaction dated 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 directly owns 31,200 shares in the company, valued at approximately $11,811,696. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $3,559,800.00. Following the completion of the sale, the director now directly owns 43,203 shares in the company, valued at $15,379,403.94. This trade represents a 18.80 % 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 valued at $27,660,117 over the last 90 days. 0.53% 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.