Wolff Wiese Magana LLC Has $98,000 Stake in Eaton Co. plc (NYSE:ETN)

Wolff Wiese Magana LLC cut its holdings in Eaton Co. plc (NYSE:ETN) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 295 shares of the industrial products company’s stock after selling 60 shares during the period. Wolff Wiese Magana LLC’s holdings in Eaton were worth $98,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. J.W. Cole Advisors Inc. grew its stake in shares of Eaton by 1.7% in the second quarter. J.W. Cole Advisors Inc. now owns 2,053 shares of the industrial products company’s stock worth $644,000 after acquiring an additional 35 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in Eaton by 2.6% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 6,420 shares of the industrial products company’s stock valued at $2,014,000 after purchasing an additional 164 shares during the period. One Capital Management LLC acquired a new stake in Eaton in the 2nd quarter worth $511,000. Wulff Hansen & CO. increased its holdings in shares of Eaton by 31,255.0% during the 2nd quarter. Wulff Hansen & CO. now owns 478,164 shares of the industrial products company’s stock worth $149,928,000 after purchasing an additional 476,639 shares during the period. Finally, Excalibur Management Corp lifted its stake in shares of Eaton by 1.3% in the second quarter. Excalibur Management Corp now owns 4,998 shares of the industrial products company’s stock valued at $1,567,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ETN shares. JPMorgan Chase & Co. cut their price target on Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup cut their target price on Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research note on Monday. Jefferies Financial Group boosted their price target on shares of Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a report on Friday, December 6th. Royal Bank of Canada raised their price objective on shares of Eaton from $374.00 to $392.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Sanford C. Bernstein assumed coverage on shares of Eaton in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price target for the company. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.89.

Insiders Place Their Bets

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $378.58, for a total transaction of $534,554.96. Following the completion of the transaction, the insider now directly owns 31,200 shares in the company, valued at $11,811,696. This represents a 4.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction dated 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 completion of the sale, the director now directly owns 43,203 shares in the company, valued at approximately $15,379,403.94. This represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,981 shares of company stock valued at $27,660,117 in the last quarter. 0.53% of the stock is currently owned by insiders.

Eaton Trading Up 2.0 %

NYSE:ETN opened at $347.06 on Wednesday. The business’s 50-day simple moving average is $355.38 and its 200-day simple moving average is $329.33. Eaton Co. plc has a fifty-two week low of $236.04 and a fifty-two week high of $379.99. 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 stock has a market capitalization of $137.16 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06.

Eaton (NYSE:ETN) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.47 earnings per share. Sell-side analysts expect that Eaton Co. plc will post 10.8 earnings per share for the current fiscal year.

Eaton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 4th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.08%. The ex-dividend date was Monday, November 4th. Eaton’s payout ratio is 40.00%.

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.