Wilmington Savings Fund Society FSB Has $5.03 Million Position in Eaton Co. plc (NYSE:ETN)

Wilmington Savings Fund Society FSB raised its stake in Eaton Co. plc (NYSE:ETN) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,163 shares of the industrial products company’s stock after buying an additional 341 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Eaton were worth $5,032,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC raised its stake in shares of Eaton by 3.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 22,424 shares of the industrial products company’s stock valued at $7,442,000 after purchasing an additional 748 shares during the period. Apollon Wealth Management LLC lifted its stake in Eaton by 4.0% in the 4th quarter. Apollon Wealth Management LLC now owns 17,243 shares of the industrial products company’s stock valued at $5,722,000 after acquiring an additional 657 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its position in Eaton by 11.6% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 1,923 shares of the industrial products company’s stock worth $638,000 after acquiring an additional 200 shares during the last quarter. Vest Financial LLC acquired a new stake in shares of Eaton in the fourth quarter valued at approximately $1,140,000. Finally, Conning Inc. lifted its position in shares of Eaton by 75.2% in the fourth quarter. Conning Inc. now owns 5,057 shares of the industrial products company’s stock worth $1,678,000 after purchasing an additional 2,171 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on ETN. Barclays boosted their price target on shares of Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Bank of America raised their price target on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their price objective on Eaton from $350.00 to $335.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Mizuho boosted their target price on shares of Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average target price of $369.20.

Insider Buying and Selling at Eaton

In related news, Director Gregory R. Page sold 10,000 shares of the business’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 sale, the director now owns 43,203 shares in the company, valued at $15,379,403.94. The trade was a 18.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business’s stock in a transaction dated 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 owns 31,200 shares in the company, valued at approximately $11,811,696. This trade represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Eaton Price Performance

Eaton stock opened at $313.11 on Friday. The firm has a market cap of $123.74 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Eaton Co. plc has a one year low of $255.65 and a one year 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. The stock’s fifty day moving average price is $343.25 and its two-hundred day moving average price is $331.01.

Eaton (NYSE:ETN) last released its earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS 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 last year, the company posted $2.55 EPS. As a group, research analysts expect that Eaton Co. plc will post 12.04 EPS for the current fiscal 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.