Eaton Co. plc (NYSE:ETN) Shares Sold by BBR Partners LLC

BBR Partners LLC trimmed its position in Eaton Co. plc (NYSE:ETN) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,015 shares of the industrial products company’s stock after selling 48 shares during the period. BBR Partners LLC’s holdings in Eaton were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ETN. First Commonwealth Financial Corp PA purchased a new position in shares of Eaton in the third quarter worth $368,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Eaton in the third quarter worth $44,000. CreativeOne Wealth LLC raised its holdings in shares of Eaton by 114.1% in the third quarter. CreativeOne Wealth LLC now owns 2,843 shares of the industrial products company’s stock worth $942,000 after buying an additional 1,515 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Eaton by 628.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 355,990 shares of the industrial products company’s stock worth $117,989,000 after buying an additional 307,088 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of Eaton by 0.4% in the third quarter. Glenmede Trust Co. NA now owns 86,571 shares of the industrial products company’s stock worth $28,693,000 after buying an additional 328 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eaton

In other Eaton news, Director Gregory R. Page sold 4,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $335.30, for a total transaction of $1,341,200.00. Following the sale, the director now directly owns 51,422 shares in the company, valued at $17,241,796.60. This represents a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dorothy C. Thompson bought 2,205 shares of Eaton stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of $300.30 per share, for a total transaction of $662,161.50. Following the completion of the acquisition, the director now owns 2,205 shares in the company, valued at $662,161.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 66,981 shares of company stock worth $24,100,317. 0.33% of the stock is currently owned by insiders.

Eaton Stock Performance

NYSE:ETN opened at $371.97 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.53 and a quick ratio of 1.00. The firm has a market capitalization of $147.00 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.99 and a beta of 1.01. The company’s 50-day moving average is $346.61 and its two-hundred day moving average is $323.89. Eaton Co. plc has a 1-year low of $224.52 and a 1-year high of $379.99.

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

Eaton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 4th were issued a $0.94 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $3.76 annualized dividend and a dividend yield of 1.01%. Eaton’s dividend payout ratio is currently 40.00%.

Analysts Set New Price Targets

ETN has been the subject of a number of research reports. Mizuho boosted their target price on shares of Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Eaton from $315.00 to $342.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Citigroup assumed coverage on shares of Eaton in a research report on Monday, September 16th. They issued a “buy” rating and a $348.00 price objective for the company. Evercore ISI downgraded shares of Eaton from an “outperform” rating to an “inline” rating and upped their price objective for the stock from $333.00 to $389.00 in a research report on Wednesday, November 13th. Finally, Wolfe Research upgraded shares of Eaton from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $357.83.

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.