Eaton Co. plc (NYSE:ETN) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lowered its position in shares of Eaton Co. plc (NYSE:ETN) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,232 shares of the industrial products company’s stock after selling 39 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Eaton were worth $3,728,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ETN. Rosenberg Matthew Hamilton grew its position in shares of Eaton by 4.5% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,061 shares of the industrial products company’s stock valued at $352,000 after buying an additional 46 shares during the last quarter. Signal Advisors Wealth LLC boosted its stake in Eaton by 3.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 896 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 30 shares during the period. Arbor Wealth Advisors LLC raised its position in shares of Eaton by 8.8% during the 4th quarter. Arbor Wealth Advisors LLC now owns 1,366 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 110 shares during the period. Ayrshire Capital Management LLC lifted its holdings in shares of Eaton by 1.5% in the 4th quarter. Ayrshire Capital Management LLC now owns 20,581 shares of the industrial products company’s stock worth $6,830,000 after purchasing an additional 311 shares during the last quarter. Finally, Horizon Bancorp Inc. IN boosted its position in Eaton by 321.7% during the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 74 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other Eaton news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 31,200 shares of the company’s stock, 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 this hyperlink. Also, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction on 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 completion of the sale, the director now directly owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,981 shares of company stock worth $27,660,117 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

Eaton Stock Down 0.2 %

Shares of Eaton stock opened at $340.60 on Tuesday. Eaton Co. plc has a 12-month low of $236.04 and a 12-month high of $379.99. The firm has a market capitalization of $134.61 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $355.33 and its 200-day moving average is $329.15.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the company earned $2.47 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Eaton Co. plc will post 10.8 earnings per share for the current year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Monday, November 4th. Eaton’s dividend payout ratio (DPR) is currently 40.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Bank of America increased their target price on Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Jefferies Financial Group lifted their price objective on shares of Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Evercore ISI lowered shares of Eaton from an “outperform” rating to an “inline” rating and raised their price target for the company from $333.00 to $389.00 in a research note on Wednesday, November 13th. Royal Bank of Canada lifted their price target on Eaton from $374.00 to $392.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Citigroup lowered their target price on Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research report on Monday. Four investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.61.

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.