FSM Wealth Advisors LLC Purchases 61 Shares of Eaton Co. plc (NYSE:ETN)

FSM Wealth Advisors LLC lifted its position in shares of Eaton Co. plc (NYSE:ETN) by 9.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 712 shares of the industrial products company’s stock after buying an additional 61 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Eaton were worth $246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Czech National Bank raised its stake in Eaton by 6.4% in the third 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 lifted its stake in shares of Eaton by 65.1% in the 3rd quarter. GAMMA Investing LLC now owns 12,280 shares of the industrial products company’s stock valued at $4,070,000 after acquiring an additional 4,842 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in Eaton by 5.2% in the third quarter. Azzad Asset Management Inc. ADV now owns 12,318 shares of the industrial products company’s stock valued at $4,083,000 after purchasing an additional 614 shares during the last quarter. Diversified Trust Co boosted its position in Eaton by 4.2% during the 3rd quarter. Diversified Trust Co now owns 12,924 shares of the industrial products company’s stock worth $4,284,000 after buying an additional 524 shares during the period. Finally, Lakeridge Wealth Management LLC grew its stake in shares of Eaton by 28.8% in the third 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 last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Down 3.3 %

ETN opened at $315.74 on Tuesday. Eaton Co. plc has a 12 month low of $255.65 and a 12 month high of $379.99. The company has a 50 day moving average of $349.23 and a 200 day moving average of $331.21. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The company has a market cap of $124.78 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06.

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

Insider Buying and Selling

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was 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 directly owns 31,200 shares in the company, valued at approximately $11,811,696. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory R. Page sold 10,000 shares of Eaton 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 transaction, the director now directly owns 43,203 shares in the company, valued at $15,379,403.94. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,981 shares of company stock worth $26,318,917 over the last ninety days. 0.53% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ETN. Wells Fargo & Company lowered their price objective on Eaton from $350.00 to $335.00 and set an “equal weight” rating for the company in a research report on Monday. Royal Bank of Canada cut their price objective on shares of Eaton from $407.00 to $405.00 and set an “outperform” rating on the stock in a research report on Monday. Melius Research reiterated a “hold” rating and issued a $373.00 target price on shares of Eaton in a report on Tuesday, January 28th. Mizuho lifted their price target on Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Eaton has a consensus rating of “Moderate Buy” and a consensus price target of $369.20.

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.