1858 Wealth Management LLC Has $600,000 Stock Holdings in Eaton Co. plc (NYSE:ETN)

1858 Wealth Management LLC lowered its position in shares of Eaton Co. plc (NYSE:ETN) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,808 shares of the industrial products company’s stock after selling 210 shares during the quarter. 1858 Wealth Management LLC’s holdings in Eaton were worth $600,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Groupama Asset Managment increased its position in shares of Eaton by 83.2% in the 3rd quarter. Groupama Asset Managment now owns 9,463 shares of the industrial products company’s stock valued at $31,000 after buying an additional 4,298 shares in the last quarter. Horizon Bancorp Inc. IN grew its stake in Eaton by 321.7% in the fourth quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 74 shares during the period. Morse Asset Management Inc bought a new stake in shares of Eaton in the third quarter worth about $33,000. West Financial Advisors LLC bought a new position in shares of Eaton during the 3rd quarter valued at about $35,000. Finally, DT Investment Partners LLC acquired a new position in shares of Eaton in the 3rd quarter valued at approximately $37,000. Institutional investors own 82.97% of the company’s stock.

Eaton Stock Down 0.1 %

Eaton stock opened at $315.21 on Wednesday. The firm has a market capitalization of $124.57 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.05. The firm’s fifty day moving average price is $348.01 and its two-hundred day moving average price is $331.26. 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.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, topping 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 last year, the company posted $2.55 earnings per share. On average, equities research analysts predict that Eaton Co. plc will post 12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the business’s 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 transaction, 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 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, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $378.58, for a total transaction of $534,554.96. Following the sale, the insider now owns 31,200 shares of the company’s stock, valued at approximately $11,811,696. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ETN. Evercore ISI downgraded shares of Eaton from an “outperform” rating to an “inline” rating and raised their target price for the stock from $333.00 to $389.00 in a report on Wednesday, November 13th. Mizuho boosted their price objective 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. Royal Bank of Canada lowered their target price on Eaton from $407.00 to $405.00 and set an “outperform” rating for the company in a report on Monday. Wells Fargo & Company cut their price target on Eaton from $350.00 to $335.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Citigroup decreased their price objective on Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.20.

Eaton Company 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.