Kestra Private Wealth Services LLC Buys 4,460 Shares of Eaton Co. plc (NYSE:ETN)

Kestra Private Wealth Services LLC boosted its position in Eaton Co. plc (NYSE:ETN) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,119 shares of the industrial products company’s stock after acquiring an additional 4,460 shares during the period. Kestra Private Wealth Services LLC’s holdings in Eaton were worth $13,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ETN. Brookstone Capital Management grew its holdings in shares of Eaton by 6.7% during the third quarter. Brookstone Capital Management now owns 2,766 shares of the industrial products company’s stock valued at $917,000 after buying an additional 173 shares during the last quarter. CWM LLC boosted its position in shares of Eaton by 3.2% during the third quarter. CWM LLC now owns 17,348 shares of the industrial products company’s stock valued at $5,750,000 after buying an additional 537 shares during the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Eaton in the third quarter valued at about $346,000. Iowa State Bank lifted its position in shares of Eaton by 0.9% during the 3rd quarter. Iowa State Bank now owns 23,519 shares of the industrial products company’s stock worth $7,795,000 after buying an additional 209 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in Eaton by 2.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 11,257 shares of the industrial products company’s stock valued at $3,731,000 after purchasing an additional 284 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In other news, Director Gregory R. Page sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the transaction, the director now directly owns 43,203 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $378.58, for a total transaction of $534,554.96. Following the transaction, the insider now 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. 0.53% of the stock is owned by insiders.

Eaton Stock Down 0.9 %

Shares of NYSE ETN opened at $313.11 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $343.25 and its 200 day moving average is $331.01. The company has a market cap of $123.74 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.37 and a beta of 1.05. Eaton Co. plc has a 52 week low of $255.65 and a 52 week high of $379.99.

Eaton (NYSE:ETN) last released 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 net margin of 15.25% and a return on equity of 22.62%. During the same period in the previous year, the company earned $2.55 EPS. On average, equities research analysts expect that Eaton Co. plc will post 12.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group began coverage on shares of Eaton in a research note on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target for the company. Barclays boosted their price target on shares of Eaton from $320.00 to $353.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Bank of America upped their price target on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Evercore ISI cut 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 report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Eaton has a consensus rating of “Moderate Buy” and a consensus price target of $369.20.

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.