HHM Wealth Advisors LLC Boosts Position in Eaton Co. plc (NYSE:ETN)

HHM Wealth Advisors LLC lifted its holdings in Eaton Co. plc (NYSE:ETN) by 28.3% during the fourth quarter, Holdings Channel reports. The fund owned 762 shares of the industrial products company’s stock after buying an additional 168 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Eaton were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Czech National Bank increased its holdings in shares of Eaton by 6.4% during the 3rd quarter. Czech National Bank now owns 81,097 shares of the industrial products company’s stock valued at $26,879,000 after purchasing an additional 4,912 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Eaton by 65.1% in the third quarter. GAMMA Investing LLC now owns 12,280 shares of the industrial products company’s stock worth $4,070,000 after acquiring an additional 4,842 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in shares of Eaton by 5.2% during the 3rd 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 grew its position in shares of Eaton by 4.2% during the 3rd 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 raised its holdings in Eaton by 28.8% in the 3rd quarter. Lakeridge Wealth Management LLC now owns 1,164 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Eaton Stock Performance

Eaton stock opened at $315.74 on Tuesday. The stock has a market cap of $124.78 billion, a price-to-earnings 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 company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $349.23 and a 200-day simple moving average of $331.21.

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

Analyst Upgrades and Downgrades

ETN has been the subject of a number of recent analyst reports. Melius Research restated a “hold” rating and issued a $373.00 price objective on shares of Eaton in a research report on Tuesday, January 28th. Royal Bank of Canada reduced their price objective on shares of Eaton from $407.00 to $405.00 and set an “outperform” rating for the company in a research report on Monday. Citigroup dropped their target price on shares of Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Sanford C. Bernstein assumed coverage on shares of Eaton in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price target on the stock. Finally, Melius lowered Eaton from a “buy” rating to a “hold” rating and set a $373.00 price objective for the company. in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Eaton presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.20.

Insider Activity

In other Eaton news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $378.58, for a total value of $534,554.96. Following the completion of the transaction, the insider now owns 31,200 shares in the company, valued at $11,811,696. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory R. Page sold 10,000 shares of the stock in a transaction on Friday, December 13th. The shares were 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 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. In the last three months, insiders have sold 72,981 shares of company stock valued at $26,318,917. Company insiders own 0.53% of the company’s stock.

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.