Childress Capital Advisors LLC Has $386,000 Stock Holdings in Eaton Co. plc (NYSE:ETN)

Childress Capital Advisors LLC increased its holdings in shares of Eaton Co. plc (NYSE:ETN) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,162 shares of the industrial products company’s stock after acquiring an additional 253 shares during the period. Childress Capital Advisors LLC’s holdings in Eaton were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ETN. Czech National Bank raised its holdings in shares of Eaton by 6.4% in the 3rd quarter. Czech National Bank now owns 81,097 shares of the industrial products company’s stock worth $26,879,000 after buying an additional 4,912 shares in the last quarter. GAMMA Investing LLC grew its position in Eaton by 65.1% in the third quarter. GAMMA Investing LLC now owns 12,280 shares of the industrial products company’s stock valued at $4,070,000 after acquiring an additional 4,842 shares during the period. Azzad Asset Management Inc. ADV raised its stake in Eaton by 5.2% during the third quarter. Azzad Asset Management Inc. ADV now owns 12,318 shares of the industrial products company’s stock worth $4,083,000 after acquiring an additional 614 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Eaton by 4.2% during the third quarter. Diversified Trust Co now owns 12,924 shares of the industrial products company’s stock valued at $4,284,000 after acquiring an additional 524 shares during the period. Finally, Lakeridge Wealth Management LLC boosted its stake in shares of Eaton by 28.8% in the 3rd quarter. Lakeridge Wealth Management LLC now owns 1,164 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

Shares of ETN opened at $315.74 on Tuesday. The stock has a market cap of $124.78 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. Eaton Co. plc has a 1 year low of $255.65 and a 1 year high of $379.99. The stock’s 50-day moving average price is $349.23 and its two-hundred day moving average price is $331.21. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, topping 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 last year, the business posted $2.55 EPS. On average, equities analysts predict that Eaton Co. plc will post 12 earnings per share for the current year.

Insider Activity

In other Eaton news, insider Craig Arnold sold 61,569 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 506,360 shares of the company’s stock, valued at approximately $182,780,769.20. The trade was a 10.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’s 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 sale, the insider now directly owns 31,200 shares in the company, valued at approximately $11,811,696. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,981 shares of company stock valued at $26,318,917 in the last quarter. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ETN. Barclays increased their target price on shares of Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Melius lowered shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 price objective for the company. in a report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their target price on Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Mizuho raised their price target on Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein initiated coverage on Eaton in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $369.20.

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.