Bank of Jackson Hole Trust Buys Shares of 151 Eaton Co. plc (NYSE:ETN)

Bank of Jackson Hole Trust acquired a new position in shares of Eaton Co. plc (NYSE:ETN) during the 4th quarter, Holdings Channel.com reports. The fund acquired 151 shares of the industrial products company’s stock, valued at approximately $50,000.

Several other institutional investors also recently modified their holdings of ETN. Foundations Investment Advisors LLC grew its holdings in shares of Eaton by 17.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,830 shares of the industrial products company’s stock worth $607,000 after purchasing an additional 271 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Eaton by 16.7% during the 3rd quarter. Private Advisor Group LLC now owns 38,564 shares of the industrial products company’s stock worth $12,782,000 after purchasing an additional 5,508 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Eaton by 31.0% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,716 shares of the industrial products company’s stock worth $901,000 after purchasing an additional 643 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Eaton by 27,075.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,073,976 shares of the industrial products company’s stock worth $355,959,000 after purchasing an additional 1,070,024 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its holdings in shares of Eaton by 18.8% during the 3rd quarter. YHB Investment Advisors Inc. now owns 14,859 shares of the industrial products company’s stock worth $4,925,000 after purchasing an additional 2,351 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Trading Down 0.2 %

ETN stock opened at $308.95 on Friday. The company has a market cap of $122.10 billion, a P/E ratio of 32.52, a PEG ratio of 2.68 and a beta of 1.05. Eaton Co. plc has a twelve month low of $255.65 and a twelve month high of $379.99. 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 business has a fifty day moving average of $333.15 and a 200-day moving average of $331.88.

Eaton (NYSE:ETN) last released its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, topping 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 quarter in the prior year, the company earned $2.55 earnings per share. As a group, equities research analysts expect that Eaton Co. plc will post 12.02 EPS for the current year.

Insider Transactions at Eaton

In related news, Director Gregory R. Page sold 10,000 shares of Eaton 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of Eaton 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 sale, the insider now directly owns 31,200 shares of the company’s stock, 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. 0.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on ETN shares. Royal Bank of Canada decreased their price objective on Eaton from $407.00 to $405.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Mizuho raised their target price on Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group raised their target price on Eaton from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays raised their target price on Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Melius downgraded Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price for the company. in a research report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $366.05.

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.