Beaumont Financial Advisors LLC Buys 96 Shares of Eaton Co. plc (NYSE:ETN)

Beaumont Financial Advisors LLC increased its stake in shares of Eaton Co. plc (NYSE:ETN) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,368 shares of the industrial products company’s stock after purchasing an additional 96 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Eaton were worth $454,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Horizon Bancorp Inc. IN grew its holdings in Eaton by 321.7% during the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Eaton during the third quarter worth $33,000. West Financial Advisors LLC purchased a new stake in shares of Eaton during the third quarter valued at $35,000. DT Investment Partners LLC bought a new position in shares of Eaton in the third quarter worth about $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in Eaton in the 3rd quarter worth about $44,000. Institutional investors own 82.97% of the company’s stock.

Eaton Price Performance

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 52 week low of $239.17 and a 52 week high of $379.99. The stock’s 50-day moving average price is $353.58 and its 200-day moving average price is $330.45. The stock has a market capitalization of $146.76 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 2.40 and a beta of 1.06.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ETN. Wells Fargo & Company lowered their price target on Eaton from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup cut their target price on shares of Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Evercore ISI lowered shares of Eaton from an “outperform” rating to an “inline” rating and lifted their price objective for the company from $333.00 to $389.00 in a report on Wednesday, November 13th. Royal Bank of Canada boosted their price target on Eaton from $374.00 to $392.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Bank of America raised their price target on shares of Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $368.89.

Insider Activity at Eaton

In related news, Director Gregory R. Page sold 4,000 shares of the company’s stock in a transaction that occurred 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 directly owns 51,422 shares in the company, valued at approximately $17,241,796.60. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $378.58, for a total value 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. In the last quarter, insiders sold 76,981 shares of company stock valued at $27,660,117. Corporate insiders own 0.53% of the company’s stock.

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.