Quotient Wealth Partners LLC Increases Position in Eaton Co. plc (NYSE:ETN)

Quotient Wealth Partners LLC boosted its holdings in Eaton Co. plc (NYSE:ETN) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,169 shares of the industrial products company’s stock after purchasing an additional 57 shares during the period. Quotient Wealth Partners LLC’s holdings in Eaton were worth $388,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Horizon Bancorp Inc. IN increased its stake in shares of Eaton by 321.7% in the fourth quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock worth $32,000 after buying an additional 74 shares during the last quarter. Morse Asset Management Inc acquired a new position in Eaton during the 3rd quarter worth $33,000. DT Investment Partners LLC acquired a new stake in shares of Eaton in the 3rd quarter valued at about $37,000. Hager Investment Management Services LLC bought a new position in shares of Eaton during the fourth quarter worth about $38,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in Eaton in the third quarter worth about $44,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

ETN has been the topic of several research analyst reports. Barclays raised their price objective on Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company reduced their price target on shares of Eaton from $350.00 to $335.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Mizuho increased their price objective on shares of Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their target price on Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, UBS Group began coverage on Eaton in a research report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Eaton has an average rating of “Moderate Buy” and an average price target of $369.20.

Eaton Trading Down 0.9 %

ETN stock opened at $313.11 on Monday. The business has a fifty day moving average price of $343.25 and a 200 day moving average price of $331.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. Eaton Co. plc has a fifty-two week low of $255.65 and a fifty-two week high of $379.99. The stock has a market capitalization of $123.74 billion, a price-to-earnings ratio of 32.96, a P/E/G ratio of 2.37 and a beta of 1.05.

Eaton (NYSE:ETN) last announced its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same period last year, the firm earned $2.55 earnings per share. Analysts expect that Eaton Co. plc will post 12.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gregory R. Page sold 10,000 shares of the firm’s 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 owns 43,203 shares of the company’s stock, valued at $15,379,403.94. This trade 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 at the SEC website. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company’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 transaction, the insider now directly owns 31,200 shares in the company, valued at approximately $11,811,696. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. 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.