Bill Few Associates Inc. Has $2.84 Million Stock Position in Eaton Co. plc (NYSE:ETN)

Bill Few Associates Inc. boosted its stake in shares of Eaton Co. plc (NYSE:ETN) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,555 shares of the industrial products company’s stock after purchasing an additional 45 shares during the quarter. Bill Few Associates Inc.’s holdings in Eaton were worth $2,839,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. raised its holdings in Eaton by 48.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 41,106 shares of the industrial products company’s stock valued at $13,533,000 after acquiring an additional 13,497 shares in the last quarter. Ballentine Partners LLC lifted its position in Eaton by 9.3% in the fourth quarter. Ballentine Partners LLC now owns 9,256 shares of the industrial products company’s stock worth $3,072,000 after purchasing an additional 790 shares during the period. Dakota Wealth Management increased its holdings in Eaton by 8.8% in the 4th quarter. Dakota Wealth Management now owns 49,436 shares of the industrial products company’s stock valued at $16,406,000 after buying an additional 4,011 shares during the period. Scientech Research LLC lifted its stake in Eaton by 285.5% during the second quarter. Scientech Research LLC now owns 5,744 shares of the industrial products company’s stock worth $1,801,000 after purchasing an additional 4,254 shares during the period. Finally, Eastover Investment Advisors LLC acquired a new position in shares of Eaton in the 4th quarter worth approximately $6,167,000. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ETN. Barclays upped their price objective on shares of Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Mizuho upped their price target on shares of Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America upped their target price on shares of Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein began coverage on shares of Eaton in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price objective for the company. Finally, UBS Group initiated coverage on Eaton in a research note on Wednesday, November 13th. They issued a “buy” rating and a $431.00 target price for the company. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $368.89.

Insider Buying and Selling at Eaton

In related news, insider Craig Arnold sold 61,569 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $360.97, for a total value of $22,224,561.93. Following the completion of the sale, the insider now directly owns 506,360 shares in the company, valued at $182,780,769.20. The trade was a 10.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gregory R. Page sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $335.30, for a total value of $1,341,200.00. Following the transaction, the director now owns 51,422 shares in the company, valued at $17,241,796.60. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,981 shares of company stock worth $27,660,117 over the last ninety days. Insiders own 0.53% of the company’s stock.

Eaton Trading Up 3.8 %

NYSE:ETN opened at $371.36 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.45. Eaton Co. plc has a twelve month low of $239.17 and a twelve month high of $379.99. The company has a market cap of $146.76 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 2.48 and a beta of 1.06. The business has a 50 day moving average price of $353.61 and a two-hundred day moving average price of $330.74.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the firm posted $2.47 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts expect that Eaton Co. plc will post 10.79 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.