Eaton Co. plc (NYSE:ETN) Holdings Lifted by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC increased its holdings in shares of Eaton Co. plc (NYSE:ETN – Get Rating) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,009 shares of the industrial products company’s stock after buying an additional 81 shares during the quarter. Eaton accounts for approximately 1.9% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 20th biggest position. Hamilton Point Investment Advisors LLC’s holdings in Eaton were worth $6,403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ETN. WFA of San Diego LLC acquired a new stake in Eaton during the second quarter valued at $25,000. TimeScale Financial Inc. boosted its position in Eaton by 102.5% during the third quarter. TimeScale Financial Inc. now owns 243 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 123 shares during the last quarter. Alpha Paradigm Partners LLC acquired a new stake in Eaton during the second quarter valued at $31,000. Karp Capital Management Corp acquired a new stake in Eaton during the third quarter valued at $39,000. Finally, Tilia Fiduciary Partners Inc. lifted its position in shares of Eaton by 87.8% in the second quarter. Tilia Fiduciary Partners Inc. now owns 293 shares of the industrial products company’s stock worth $37,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 80.19% of the company’s stock.

Insider Activity

In other news, insider Brian S. Brickhouse sold 27,438 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $155.76, for a total value of $4,273,742.88. Following the sale, the insider now directly owns 28,131 shares in the company, valued at approximately $4,381,684.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ETN. Royal Bank of Canada boosted their price target on Eaton from $141.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 2nd. Barclays boosted their price target on Eaton from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Thursday, January 5th. StockNews.com cut Eaton from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 20th. Mizuho boosted their price objective on Eaton from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. Finally, Oppenheimer cut Eaton from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Eaton has an average rating of “Moderate Buy” and an average price target of $163.92.

Eaton Stock Performance

ETN traded down $0.90 on Thursday, hitting $162.44. 1,047,341 shares of the stock traded hands, compared to its average volume of 1,603,093. Eaton Co. plc has a 52 week low of $122.50 and a 52 week high of $167.51. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $64.60 billion, a PE ratio of 28.40, a P/E/G ratio of 1.80 and a beta of 1.15. The business has a fifty day moving average price of $159.75 and a two-hundred day moving average price of $150.25.

Eaton (NYSE:ETN – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The industrial products company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.01. Eaton had a return on equity of 17.66% and a net margin of 11.36%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. On average, research analysts predict that Eaton Co. plc will post 7.55 EPS for the current fiscal year.

Eaton Company Profile

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Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global, Hydraulics, Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service.