Eaton Co. plc (NYSE:ETN) Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC grew its stake in shares of Eaton Co. plc (NYSE:ETN) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,015 shares of the industrial products company’s stock after buying an additional 165 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Eaton were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. grew its stake in shares of Eaton by 5.5% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 3,931 shares of the industrial products company’s stock worth $1,305,000 after purchasing an additional 205 shares during the last quarter. Forbes J M & Co. LLP increased its holdings in shares of Eaton by 0.4% in the fourth quarter. Forbes J M & Co. LLP now owns 38,428 shares of the industrial products company’s stock valued at $12,753,000 after buying an additional 135 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Eaton by 2.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 15,163 shares of the industrial products company’s stock worth $5,032,000 after acquiring an additional 341 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings 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 worth $7,442,000 after acquiring an additional 748 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in shares of Eaton by 4.0% during the fourth quarter. Apollon Wealth Management LLC now owns 17,243 shares of the industrial products company’s stock worth $5,722,000 after purchasing an additional 657 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. UBS Group began coverage on Eaton in a research note on Wednesday, November 13th. They issued a “buy” rating and a $431.00 price target on the stock. Evercore ISI lowered shares of Eaton from an “outperform” rating to an “inline” rating and raised their price objective for the stock from $333.00 to $389.00 in a research note on Wednesday, November 13th. Sanford C. Bernstein started coverage on Eaton in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 target price for the company. Melius Research reissued a “hold” rating and set a $373.00 price target on shares of Eaton in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company decreased their price objective on Eaton from $350.00 to $335.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $369.20.

Eaton Trading Down 0.9 %

Eaton stock opened at $313.11 on Friday. The business’s 50-day simple moving average is $343.25 and its 200-day simple moving average is $331.01. Eaton Co. plc has a 52 week low of $255.65 and a 52 week high of $379.99. The firm has a market capitalization of $123.74 billion, a PE ratio of 32.96, a PEG ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS 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 last year, the firm earned $2.55 earnings per share. Equities research analysts forecast that Eaton Co. plc will post 12.04 earnings per share for the current year.

Insider Transactions at Eaton

In related news, 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory R. Page sold 10,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. This represents a 18.80 % 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.