Eaton Co. plc (NYSE:ETN) Holdings Trimmed by Good Life Advisors LLC

Good Life Advisors LLC trimmed its holdings in Eaton Co. plc (NYSE:ETN) by 14.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,429 shares of the industrial products company’s stock after selling 410 shares during the period. Good Life Advisors LLC’s holdings in Eaton were worth $806,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ETN. Vista Capital Partners Inc. acquired a new stake in Eaton during the fourth quarter valued at approximately $269,000. Global Retirement Partners LLC lifted its position in shares of Eaton by 16.4% during the 4th quarter. Global Retirement Partners LLC now owns 12,945 shares of the industrial products company’s stock valued at $4,296,000 after acquiring an additional 1,820 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Eaton during the 4th quarter worth $50,000. Callahan Advisors LLC grew its holdings in shares of Eaton by 2.9% in the 4th quarter. Callahan Advisors LLC now owns 19,459 shares of the industrial products company’s stock worth $6,458,000 after acquiring an additional 551 shares during the last quarter. Finally, Davidson Investment Advisors raised its position in shares of Eaton by 2.0% during the fourth quarter. Davidson Investment Advisors now owns 53,474 shares of the industrial products company’s stock worth $17,746,000 after purchasing an additional 1,064 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Eaton

In other news, Director Gregory R. Page sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was 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 of the company’s stock, valued at approximately $15,379,403.94. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $378.58, for a total transaction of $534,554.96. Following the transaction, the insider now directly owns 31,200 shares in the company, valued at $11,811,696. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Eaton Price Performance

Shares of Eaton stock opened at $309.31 on Thursday. Eaton Co. plc has a 1-year low of $255.65 and a 1-year high of $379.99. The firm has a fifty day simple moving average of $334.15 and a 200-day simple moving average of $332.04. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $122.24 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 2.64 and a beta of 1.05.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. On average, sell-side analysts expect that Eaton Co. plc will post 12.03 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ETN shares. Melius Research reiterated a “hold” rating and issued a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. Melius lowered shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 price target on the stock. in a report on Tuesday, January 28th. Bank of America increased their price objective on Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Barclays lifted their target price on Eaton from $320.00 to $353.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Seven equities research 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 currently has an average rating of “Moderate Buy” and a consensus price target of $366.05.

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.