Robertson Stephens Wealth Management LLC Boosts Stock Holdings in Eaton Co. plc (NYSE:ETN)

Robertson Stephens Wealth Management LLC grew its position in shares of Eaton Co. plc (NYSE:ETN) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,482 shares of the industrial products company’s stock after purchasing an additional 68 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Eaton were worth $2,483,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ETN. Brookstone Capital Management increased its holdings in shares of Eaton by 6.7% during the 3rd quarter. Brookstone Capital Management now owns 2,766 shares of the industrial products company’s stock valued at $917,000 after purchasing an additional 173 shares in the last quarter. Hoxton Planning & Management LLC purchased a new position in shares of Eaton during the 3rd quarter valued at approximately $270,000. Strategic Wealth Partners Ltd. increased its holdings in shares of Eaton by 3.0% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 1,027 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 30 shares in the last quarter. Sovereign Financial Group Inc. increased its holdings in shares of Eaton by 9.1% during the 3rd quarter. Sovereign Financial Group Inc. now owns 1,203 shares of the industrial products company’s stock valued at $399,000 after purchasing an additional 100 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Eaton by 61.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,291 shares of the industrial products company’s stock valued at $759,000 after purchasing an additional 869 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ETN. Jefferies Financial Group lifted their price target on shares of Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Sanford C. Bernstein began coverage on shares of Eaton in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price target on the stock. Citigroup dropped their price target on shares of Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Evercore ISI cut shares of Eaton from an “outperform” rating to an “inline” rating and lifted their price target for the company from $333.00 to $389.00 in a research note on Wednesday, November 13th. Finally, Melius Research reissued a “hold” rating and issued a $373.00 price target on shares of Eaton in a research note on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $369.20.

Insider Buying and Selling at Eaton

In other news, Director Gregory R. Page sold 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the sale, the director now owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. This represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the 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 directly owns 31,200 shares in the company, valued at $11,811,696. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Eaton Trading Up 0.0 %

Shares of ETN opened at $315.32 on Friday. 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 Co. plc has a 12-month low of $255.65 and a 12-month high of $379.99. The firm has a 50-day moving average price of $345.63 and a 200 day moving average price of $331.17. The firm has a market capitalization of $124.61 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.27 and a beta of 1.05.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $2.55 earnings per share. Sell-side analysts forecast that Eaton Co. plc will post 12 EPS for the current year.

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.