Eaton Co. plc (NYSE:ETN) Shares Purchased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA increased its holdings in shares of Eaton Co. plc (NYSE:ETN) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,183 shares of the industrial products company’s stock after acquiring an additional 20,389 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Eaton were worth $58,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Financial Partners LLC boosted its position in Eaton by 1.8% during the fourth quarter. Catalyst Financial Partners LLC now owns 4,232 shares of the industrial products company’s stock worth $1,404,000 after purchasing an additional 74 shares in the last quarter. Aljian Capital Management LLC boosted its position in Eaton by 4.6% during the fourth quarter. Aljian Capital Management LLC now owns 3,302 shares of the industrial products company’s stock worth $1,096,000 after purchasing an additional 145 shares in the last quarter. Avestar Capital LLC boosted its position in Eaton by 11.5% during the fourth quarter. Avestar Capital LLC now owns 2,929 shares of the industrial products company’s stock worth $972,000 after purchasing an additional 301 shares in the last quarter. TFC Financial Management Inc. boosted its position in Eaton by 4.7% during the fourth quarter. TFC Financial Management Inc. now owns 752 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 34 shares in the last quarter. Finally, Consolidated Planning Corp boosted its position in Eaton by 2.9% during the fourth quarter. Consolidated Planning Corp now owns 24,632 shares of the industrial products company’s stock worth $8,174,000 after purchasing an additional 703 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Stock Performance

Shares of NYSE:ETN opened at $307.70 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. Eaton Co. plc has a 12 month low of $255.65 and a 12 month high of $379.99. The firm has a market capitalization of $121.60 billion, a PE ratio of 32.39, a P/E/G ratio of 2.37 and a beta of 1.05. The business has a 50-day moving average of $339.72 and a two-hundred day moving average of $331.47.

Eaton (NYSE:ETN) last posted its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating 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 period last year, the company earned $2.55 earnings per share. As a group, research analysts forecast that Eaton Co. plc will post 12.04 earnings per share for the current year.

Insider Activity at Eaton

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 43,203 shares of the company’s stock, valued at $15,379,403.94. This trade 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. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the 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 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 position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America boosted their target price on Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays upped their price objective on Eaton from $320.00 to $353.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group upped their target price on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Evercore ISI lowered Eaton from an “outperform” rating to an “inline” rating and upped their target price for the company from $333.00 to $389.00 in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $369.20.

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.