Eaton Co. plc (NYSE:ETN) Shares Bought by Lion Street Advisors LLC

Lion Street Advisors LLC boosted its stake in shares of Eaton Co. plc (NYSE:ETN) by 22.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,826 shares of the industrial products company’s stock after purchasing an additional 520 shares during the period. Lion Street Advisors LLC’s holdings in Eaton were worth $938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ETN. Czech National Bank boosted its holdings in Eaton by 6.4% during the third quarter. Czech National Bank now owns 81,097 shares of the industrial products company’s stock worth $26,879,000 after buying an additional 4,912 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of Eaton by 18.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 5,753 shares of the industrial products company’s stock valued at $1,907,000 after acquiring an additional 892 shares during the period. City Center Advisors LLC purchased a new position in shares of Eaton in the 3rd quarter valued at about $226,000. Atwood & Palmer Inc. raised its holdings in Eaton by 102.4% in the 3rd quarter. Atwood & Palmer Inc. now owns 172 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 87 shares during the period. Finally, Callan Family Office LLC boosted its position in Eaton by 83.3% during the third quarter. Callan Family Office LLC now owns 1,219 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 554 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

ETN has been the topic of a number of recent analyst reports. Citigroup decreased their target price on 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 cut shares of Eaton from an “outperform” rating to an “inline” rating and boosted their target price for the stock from $333.00 to $389.00 in a research note on Wednesday, November 13th. 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 research note on Wednesday, November 13th. Melius Research reissued a “hold” rating and set a $373.00 target price on shares of Eaton in a report on Tuesday, January 28th. Finally, Barclays lifted their price target on Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $369.20.

Eaton Stock Performance

Shares of ETN opened at $315.21 on Wednesday. The stock has a 50-day simple moving average of $346.77 and a 200-day simple moving average of $331.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. Eaton Co. plc has a 1 year low of $255.65 and a 1 year high of $379.99. The stock has a market capitalization of $124.57 billion, a PE ratio of 33.18, a PEG ratio of 2.27 and a beta of 1.05.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.82 by $0.01. Eaton had a net margin of 15.25% and a return on equity of 22.62%. During the same quarter in the previous year, the firm posted $2.55 earnings per share. On average, analysts predict that Eaton Co. plc will post 12 earnings per share for the current fiscal year.

Insider Buying and Selling at Eaton

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of Eaton stock in a transaction dated 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 in the company, valued at approximately $11,811,696. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory R. Page sold 10,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $15,379,403.94. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

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.