Advyzon Investment Management LLC Makes New Investment in Eaton Co. plc (NYSE:ETN)

Advyzon Investment Management LLC acquired a new position in shares of Eaton Co. plc (NYSE:ETN) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,083 shares of the industrial products company’s stock, valued at approximately $359,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC boosted its position in shares of Eaton by 17.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,830 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 271 shares during the period. Calton & Associates Inc. increased its stake in Eaton by 63.7% in the 3rd quarter. Calton & Associates Inc. now owns 1,264 shares of the industrial products company’s stock valued at $419,000 after purchasing an additional 492 shares in the last quarter. Private Advisor Group LLC increased its stake in Eaton by 16.7% in the 3rd quarter. Private Advisor Group LLC now owns 38,564 shares of the industrial products company’s stock valued at $12,782,000 after purchasing an additional 5,508 shares in the last quarter. GAM Holding AG grew its holdings in Eaton by 4.7% during the 3rd quarter. GAM Holding AG now owns 10,948 shares of the industrial products company’s stock valued at $3,629,000 after buying an additional 490 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in Eaton by 31.0% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,716 shares of the industrial products company’s stock valued at $901,000 after buying an additional 643 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Price Performance

Shares of NYSE:ETN opened at $309.31 on Thursday. The company’s fifty day moving average is $334.15 and its two-hundred day moving average is $332.04. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. Eaton Co. plc has a 12-month low of $255.65 and a 12-month high of $379.99. The company has a market cap of $122.24 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS 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 company posted $2.55 EPS. Equities analysts expect that Eaton Co. plc will post 12.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ETN has been the topic of several analyst reports. Mizuho raised their price objective on Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Melius Research reissued a “hold” rating and issued a $373.00 price objective on shares of Eaton in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their target price on Eaton from $350.00 to $335.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. UBS Group assumed coverage on Eaton in a research note on Wednesday, November 13th. They issued a “buy” rating and a $431.00 price target for the company. Finally, Royal Bank of Canada decreased their target price on Eaton from $407.00 to $405.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Eaton presently has an average rating of “Moderate Buy” and an average target price of $366.05.

Insider Buying and Selling

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $378.58, for a total transaction of $534,554.96. Following the completion of the transaction, the insider now owns 31,200 shares of the company’s stock, valued at approximately $11,811,696. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory R. Page sold 10,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 43,203 shares of the company’s stock, 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. 0.33% of the stock is currently owned by corporate 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.