TFC Financial Management Inc. Has $250,000 Stock Holdings in Eaton Co. plc (NYSE:ETN)

TFC Financial Management Inc. lifted its stake in shares of Eaton Co. plc (NYSE:ETN) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 752 shares of the industrial products company’s stock after purchasing an additional 34 shares during the period. TFC Financial Management Inc.’s holdings in Eaton were worth $250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Consolidated Planning Corp raised its position in Eaton by 2.9% during the fourth quarter. Consolidated Planning Corp now owns 24,632 shares of the industrial products company’s stock valued at $8,174,000 after buying an additional 703 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Eaton by 46.9% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,365 shares of the industrial products company’s stock valued at $1,117,000 after buying an additional 1,074 shares during the period. Van ECK Associates Corp acquired a new position in Eaton during the fourth quarter valued at $22,022,000. Jmac Enterprises LLC acquired a new position in Eaton during the fourth quarter valued at $283,000. Finally, Avidian Wealth Enterprises LLC raised its position in Eaton by 2.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 4,089 shares of the industrial products company’s stock valued at $1,357,000 after buying an additional 103 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ETN. Evercore ISI downgraded Eaton from an “outperform” rating to an “inline” rating and boosted their target price for the company from $333.00 to $389.00 in a research note on Wednesday, November 13th. Citigroup lowered their target price on Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Melius Research reiterated a “hold” rating and set a $373.00 price target on shares of Eaton in a research note on Tuesday, January 28th. UBS Group began coverage on Eaton in a research note on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target for the company. Finally, Sanford C. Bernstein began coverage on Eaton in a research note on Tuesday, November 5th. They set an “outperform” rating and a $382.00 price target for the company. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.20.

Insider Buying and Selling at Eaton

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’s 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 directly owns 31,200 shares in the company, valued at $11,811,696. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory R. Page sold 10,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $15,379,403.94. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Eaton Trading Down 2.1 %

Shares of ETN opened at $309.93 on Thursday. Eaton Co. plc has a 1 year low of $255.65 and a 1 year high of $379.99. 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 stock has a 50 day simple moving average of $341.07 and a 200-day simple moving average of $331.62. The stock has a market cap of $122.48 billion, a PE ratio of 32.62, a PEG ratio of 2.37 and a beta of 1.05.

Eaton (NYSE:ETN) last released its quarterly 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 in the previous year, the business posted $2.55 earnings per share. On average, sell-side analysts predict that Eaton Co. plc will post 12.04 EPS for the current fiscal year.

About Eaton

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.