Eaton Co. plc (NYSE:ETN) Shares Purchased by Simmons Bank

Simmons Bank increased its stake in shares of Eaton Co. plc (NYSE:ETN) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,870 shares of the industrial products company’s stock after purchasing an additional 188 shares during the quarter. Simmons Bank’s holdings in Eaton were worth $2,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lake Street Advisors Group LLC grew its stake in Eaton by 143.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 22,382 shares of the industrial products company’s stock worth $7,428,000 after purchasing an additional 13,172 shares in the last quarter. Kirtland Hills Capital Management LLC grew its stake in Eaton by 6.3% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 831 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 49 shares in the last quarter. Cavalier Investments LLC grew its stake in Eaton by 3.8% during the 4th quarter. Cavalier Investments LLC now owns 7,858 shares of the industrial products company’s stock worth $2,608,000 after purchasing an additional 288 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Eaton by 13.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 33,488 shares of the industrial products company’s stock worth $11,114,000 after purchasing an additional 4,095 shares in the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in Eaton during the 4th quarter worth $395,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETN has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Bank of America upped their price objective on Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Melius cut Eaton from a “buy” rating to a “hold” rating and set a $373.00 price objective for the company. in a research report on Tuesday, January 28th. Citigroup lowered their price objective on Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Mizuho upped their price objective on Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $366.05.

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 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 approximately $15,379,403.94. This represents a 18.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.

Eaton Stock Up 3.4 %

ETN opened at $297.28 on Thursday. The business has a 50 day moving average price of $328.71 and a two-hundred day moving average price of $332.55. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The company has a market cap of $117.48 billion, a PE ratio of 31.29, a P/E/G ratio of 2.64 and a beta of 1.05. Eaton Co. plc has a 52 week low of $255.65 and a 52 week high of $379.99.

Eaton (NYSE:ETN) last posted its quarterly earnings data 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 return on equity of 22.62% and a net margin of 15.25%. During the same quarter in the prior year, the firm posted $2.55 earnings per share. As a group, research analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current year.

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.