Eaton Co. plc (NYSE:ETN) Stock Holdings Trimmed by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC lessened its position in Eaton Co. plc (NYSE:ETN) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,795 shares of the industrial products company’s stock after selling 209 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Eaton were worth $928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Horizon Bancorp Inc. IN raised its stake in shares of Eaton by 321.7% in the 4th 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 in the last quarter. Morse Asset Management Inc acquired a new position in shares of Eaton in the 3rd quarter worth $33,000. West Financial Advisors LLC acquired a new position in shares of Eaton in the 3rd quarter worth $35,000. DT Investment Partners LLC acquired a new position in shares of Eaton in the 3rd quarter worth $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of Eaton in the 3rd quarter worth $44,000. Institutional investors own 82.97% of the company’s stock.

Eaton Stock Performance

ETN opened at $310.11 on Tuesday. The stock has a 50-day moving average of $353.96 and a 200-day moving average of $331.47. Eaton Co. plc has a 52-week low of $244.35 and a 52-week high of $379.99. The company has a market cap of $122.55 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.57 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53.

Eaton (NYSE:ETN) last announced its earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the prior year, the company earned $2.47 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Eaton Co. plc will post 10.79 earnings per share for the current fiscal year.

Insider Activity at Eaton

In other Eaton news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 31,200 shares in the company, valued at approximately $11,811,696. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory R. Page sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $335.30, for a total value of $1,341,200.00. Following the completion of the sale, the director now owns 51,422 shares of the company’s stock, valued at $17,241,796.60. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,981 shares of company stock worth $27,660,117 in the last 90 days. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ETN shares. JPMorgan Chase & Co. decreased their target price on Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Sanford C. Bernstein started coverage on Eaton in a report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 target price on the stock. Melius cut Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price on the stock. in a report on Tuesday. Bank of America lifted their price target on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, UBS Group started coverage on Eaton in a report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Eaton presently has an average rating of “Moderate Buy” and an average price target of $369.11.

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.