Boyd Watterson Asset Management LLC OH Raises Position in Eaton Co. plc (NYSE:ETN)

Boyd Watterson Asset Management LLC OH raised its holdings in shares of Eaton Co. plc (NYSE:ETN) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,779 shares of the industrial products company’s stock after buying an additional 313 shares during the quarter. Eaton comprises about 2.2% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 13th largest position. Boyd Watterson Asset Management LLC OH’s holdings in Eaton were worth $7,892,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Greystone Financial Group LLC lifted its holdings in shares of Eaton by 28.5% during the 4th quarter. Greystone Financial Group LLC now owns 2,119 shares of the industrial products company’s stock worth $703,000 after acquiring an additional 470 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its position in Eaton by 26.3% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 28,887 shares of the industrial products company’s stock valued at $9,587,000 after purchasing an additional 6,022 shares in the last quarter. Physicians Financial Services Inc. lifted its stake in Eaton by 1.5% during the fourth quarter. Physicians Financial Services Inc. now owns 7,471 shares of the industrial products company’s stock worth $2,479,000 after purchasing an additional 107 shares during the last quarter. Summerhill Capital Management lnc. lifted its stake in Eaton by 2.5% during the fourth quarter. Summerhill Capital Management lnc. now owns 13,865 shares of the industrial products company’s stock worth $4,601,000 after purchasing an additional 342 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Eaton in the 4th quarter worth about $194,000. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Eaton

In other news, 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 value of $534,554.96. Following the sale, the insider now directly owns 31,200 shares of the company’s stock, valued at $11,811,696. This represents a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory R. Page sold 10,000 shares of Eaton 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 transaction, the director now directly owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ETN shares. Evercore ISI dropped their target price on Eaton from $382.00 to $326.00 and set an “in-line” rating for the company in a research report on Wednesday. Melius downgraded shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 price target on the stock. in a research note on Tuesday, January 28th. Bank of America upped their price objective on shares of Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. decreased their target price on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price target on shares of Eaton from $350.00 to $335.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Eaton has a consensus rating of “Moderate Buy” and an average target price of $366.05.

Eaton Stock Down 3.8 %

Shares of Eaton stock opened at $297.11 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 company has a market cap of $117.42 billion, a P/E ratio of 31.27, a PEG ratio of 2.65 and a beta of 1.05. The company’s fifty day simple moving average is $331.97 and its two-hundred day simple moving average is $332.05.

Eaton (NYSE:ETN) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (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 quarter in the previous year, the company earned $2.55 EPS. Research analysts anticipate that Eaton Co. plc will post 12.02 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.