First National Bank & Trust Co. of Newtown Has $532,000 Stake in Eaton Co. plc (NYSE:ETN)

First National Bank & Trust Co. of Newtown reduced its position in shares of Eaton Co. plc (NYSE:ETN) by 56.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,603 shares of the industrial products company’s stock after selling 2,080 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Eaton were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ETN. Foundations Investment Advisors LLC boosted its position in shares of Eaton by 17.4% in the third quarter. Foundations Investment Advisors LLC now owns 1,830 shares of the industrial products company’s stock valued at $607,000 after acquiring an additional 271 shares during the period. Calton & Associates Inc. raised its stake in Eaton by 63.7% in the 3rd quarter. Calton & Associates Inc. now owns 1,264 shares of the industrial products company’s stock worth $419,000 after purchasing an additional 492 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Eaton by 16.7% in the 3rd quarter. Private Advisor Group LLC now owns 38,564 shares of the industrial products company’s stock valued at $12,782,000 after purchasing an additional 5,508 shares during the period. GAM Holding AG raised its position in shares of Eaton by 4.7% in the third quarter. GAM Holding AG now owns 10,948 shares of the industrial products company’s stock valued at $3,629,000 after buying an additional 490 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in Eaton by 31.0% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 2,716 shares of the industrial products company’s stock worth $901,000 after buying an additional 643 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Eaton Trading Down 1.2 %

ETN opened at $309.31 on Thursday. The company’s 50 day moving average price is $334.15 and its two-hundred day moving average price is $332.04. The firm has a market capitalization of $122.24 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 2.64 and a beta of 1.05. Eaton Co. plc has a fifty-two week low of $255.65 and a fifty-two week high of $379.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $2.55 earnings per share. As a group, research analysts predict that Eaton Co. plc will post 12.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ETN shares. Evercore ISI dropped their price objective on Eaton from $382.00 to $326.00 and set an “in-line” rating for the company in a report on Wednesday. UBS Group started coverage on shares of Eaton in a research report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price objective for the company. Royal Bank of Canada decreased their target price on shares of Eaton from $407.00 to $405.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group upped their price target on shares of Eaton from $400.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $366.05.

Insider Transactions at Eaton

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. The trade was a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 directly owns 31,200 shares of the company’s stock, valued at approximately $11,811,696. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

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.