Brown Financial Advisors Has $1.08 Million Stake in Eaton Co. plc (NYSE:ETN)

Brown Financial Advisors grew its holdings in Eaton Co. plc (NYSE:ETN) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,255 shares of the industrial products company’s stock after purchasing an additional 235 shares during the quarter. Brown Financial Advisors’ holdings in Eaton were worth $1,080,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new stake in Eaton during the 4th quarter worth about $58,000. Trifecta Capital Advisors LLC lifted its position in shares of Eaton by 3.5% during the fourth quarter. Trifecta Capital Advisors LLC now owns 16,319 shares of the industrial products company’s stock worth $5,416,000 after purchasing an additional 545 shares in the last quarter. Mengis Capital Management Inc. grew its stake in shares of Eaton by 5.5% during the fourth quarter. Mengis Capital Management Inc. now owns 2,772 shares of the industrial products company’s stock valued at $920,000 after purchasing an additional 145 shares during the last quarter. Prasad Wealth Partners LLC acquired a new stake in shares of Eaton in the fourth quarter valued at approximately $979,000. Finally, BankPlus Trust Department bought a new position in Eaton in the 4th quarter worth approximately $255,000. Institutional investors own 82.97% of the company’s stock.

Eaton Trading Down 2.6 %

ETN opened at $289.68 on Tuesday. The firm’s fifty day simple moving average is $330.66 and its 200 day simple moving average is $332.83. The stock has a market capitalization of $114.48 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.64 and a beta of 1.05. 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.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (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 in the prior year, the firm earned $2.55 earnings per share. As a group, research analysts anticipate that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ETN. Jefferies Financial Group increased their price objective on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Melius Research reiterated a “hold” rating and issued a $373.00 price objective on shares of Eaton in a research report on Tuesday, January 28th. Bank of America upped their target price on shares of Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company reiterated an “equal weight” rating on shares of Eaton in a research report on Thursday, February 13th. Finally, Evercore ISI dropped their price target on shares of Eaton from $382.00 to $326.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and an average price target of $366.05.

Insider Buying and Selling

In other news, Director Gregory R. Page sold 10,000 shares of the 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 completion of the transaction, the director now directly owns 43,203 shares in the company, valued at $15,379,403.94. This represents a 18.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by corporate insiders.

About Eaton

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.