Eaton Co. plc (NYSE:ETN) Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its position in Eaton Co. plc (NYSE:ETN) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,537 shares of the industrial products company’s stock after buying an additional 280 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Eaton were worth $3,829,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ETN. Creative Planning lifted its holdings in shares of Eaton by 2.7% in the third quarter. Creative Planning now owns 181,067 shares of the industrial products company’s stock valued at $60,013,000 after buying an additional 4,705 shares during the period. Vontobel Holding Ltd. raised its position in shares of Eaton by 52.6% during the third quarter. Vontobel Holding Ltd. now owns 26,611 shares of the industrial products company’s stock worth $8,820,000 after purchasing an additional 9,174 shares during the period. B.O.S.S. Retirement Advisors LLC raised its position in shares of Eaton by 18.4% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 1,270 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 197 shares during the period. Good Life Advisors LLC raised its position in shares of Eaton by 46.0% during the third quarter. Good Life Advisors LLC now owns 2,839 shares of the industrial products company’s stock worth $941,000 after purchasing an additional 895 shares during the period. Finally, Buffington Mohr McNeal raised its position in shares of Eaton by 6.2% during the third quarter. Buffington Mohr McNeal now owns 3,402 shares of the industrial products company’s stock worth $1,128,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Trading Up 0.5 %

Shares of Eaton stock opened at $309.21 on Friday. The firm has a market capitalization of $122.20 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The company’s fifty day moving average price is $338.45 and its two-hundred day moving average price is $331.30. Eaton Co. plc has a 52-week low of $255.65 and a 52-week high of $379.99.

Eaton (NYSE:ETN) last issued its 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 period in the prior year, the firm posted $2.55 EPS. On average, analysts expect that Eaton Co. plc will post 12.04 EPS for the current year.

Insider Activity

In related 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 transaction, the insider now owns 31,200 shares in the company, valued at $11,811,696. This represents a 4.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory R. Page sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the transaction, the director now owns 43,203 shares in the company, valued at approximately $15,379,403.94. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ETN shares. Evercore ISI lowered Eaton from an “outperform” rating to an “inline” rating and raised their price objective for the stock from $333.00 to $389.00 in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their price target on shares of Eaton from $350.00 to $335.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Citigroup decreased their price target 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. Sanford C. Bernstein began coverage on shares of Eaton in a report on Tuesday, November 5th. They set an “outperform” rating and a $382.00 price target for the company. Finally, UBS Group assumed coverage on shares of Eaton in a report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target for the company. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.