Montag A & Associates Inc. Lowers Stock Position in Eaton Co. plc (NYSE:ETN)

Montag A & Associates Inc. cut its position in shares of Eaton Co. plc (NYSE:ETN) by 3.1% during the 4th quarter, Holdings Channel reports. The firm owned 11,968 shares of the industrial products company’s stock after selling 383 shares during the quarter. Montag A & Associates Inc.’s holdings in Eaton were worth $3,972,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of Eaton by 2.7% in the third quarter. Creative Planning now owns 181,067 shares of the industrial products company’s stock valued at $60,013,000 after acquiring an additional 4,705 shares in the last quarter. Bleakley Financial Group LLC boosted its position in Eaton by 0.4% in the third quarter. Bleakley Financial Group LLC now owns 13,088 shares of the industrial products company’s stock worth $4,338,000 after purchasing an additional 54 shares during the last quarter. Secure Asset Management LLC grew its stake in Eaton by 8.8% in the 3rd quarter. Secure Asset Management LLC now owns 2,745 shares of the industrial products company’s stock valued at $910,000 after purchasing an additional 223 shares during the period. Aspiriant LLC increased its position in shares of Eaton by 25.9% during the 3rd quarter. Aspiriant LLC now owns 1,022 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 210 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Eaton by 3.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 27,587 shares of the industrial products company’s stock worth $9,144,000 after purchasing an additional 990 shares during the period. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ETN. Evercore ISI lowered shares of Eaton from an “outperform” rating to an “inline” rating and increased their price target for the company from $333.00 to $389.00 in a research report on Wednesday, November 13th. Melius lowered shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 price target for the company. in a research note on Tuesday, January 28th. Mizuho upped their price objective on Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Melius Research reissued a “hold” rating and issued a $373.00 target price on shares of Eaton in a research report on Tuesday, January 28th. Finally, UBS Group assumed coverage on Eaton in a research report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target on the stock. 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 currently has an average rating of “Moderate Buy” and an average price target of $369.20.

Insider Buying and Selling

In related news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $378.58, for a total value of $534,554.96. Following the transaction, the insider now owns 31,200 shares of the company’s stock, valued at $11,811,696. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $355.98, for a total value of $3,559,800.00. Following the sale, the director now directly owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Eaton Stock Performance

NYSE ETN opened at $309.21 on Friday. The company’s 50 day simple moving average is $337.21 and its two-hundred day simple moving average is $331.39. The stock has a market capitalization of $122.20 billion, a PE ratio of 32.55, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. Eaton Co. plc has a 1 year low of $255.65 and a 1 year high of $379.99.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business earned $2.55 earnings per share. Analysts predict that Eaton Co. plc will post 12.04 earnings per share for the current fiscal year.

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.