Financial Life Planners Invests $47,000 in Eaton Co. plc (NYSE:ETN)

Financial Life Planners acquired a new stake in shares of Eaton Co. plc (NYSE:ETN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 142 shares of the industrial products company’s stock, valued at approximately $47,000.

A number of other large investors have also added to or reduced their stakes in ETN. Rice Partnership LLC boosted its stake in Eaton by 6.5% in the 4th quarter. Rice Partnership LLC now owns 47,270 shares of the industrial products company’s stock worth $15,688,000 after purchasing an additional 2,903 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Eaton by 3.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,982 shares of the industrial products company’s stock worth $658,000 after buying an additional 68 shares in the last quarter. Panoramic Investment Advisors LLC grew its holdings in shares of Eaton by 10.2% during the fourth quarter. Panoramic Investment Advisors LLC now owns 1,029 shares of the industrial products company’s stock valued at $341,000 after buying an additional 95 shares during the last quarter. Catalina Capital Group LLC increased its position in shares of Eaton by 1.7% during the fourth quarter. Catalina Capital Group LLC now owns 2,632 shares of the industrial products company’s stock valued at $874,000 after acquiring an additional 43 shares in the last quarter. Finally, JB Capital LLC raised its holdings in Eaton by 2.6% in the 4th quarter. JB Capital LLC now owns 11,801 shares of the industrial products company’s stock worth $3,916,000 after acquiring an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ETN. Evercore ISI lowered Eaton from an “outperform” rating to an “inline” rating and lifted their target price for the stock from $333.00 to $389.00 in a report on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on shares of Eaton in a report on Tuesday, November 5th. They set an “outperform” rating and a $382.00 price target on the stock. Jefferies Financial Group boosted their price objective on shares of Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a report on Friday, December 6th. Melius Research restated a “hold” rating and issued a $373.00 target price on shares of Eaton in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.20.

Eaton Price Performance

Shares of NYSE:ETN opened at $315.74 on Tuesday. The firm’s 50 day simple moving average is $349.23 and its two-hundred day simple moving average is $331.21. 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 has a market capitalization of $124.78 billion, a P/E ratio of 33.24, a P/E/G 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.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) 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 period last year, the firm posted $2.55 earnings per share. Research analysts expect that Eaton Co. plc will post 12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Gregory R. Page sold 10,000 shares of the business’s 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 transaction, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’s stock in a transaction on 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 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 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. Corporate insiders own 0.53% of the company’s stock.

Eaton 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.