Realta Investment Advisors Acquires Shares of 1,638 Eaton Co. plc (NYSE:ETN)

Realta Investment Advisors bought a new stake in Eaton Co. plc (NYSE:ETN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,638 shares of the industrial products company’s stock, valued at approximately $561,000.

Other hedge funds also recently made changes to their positions in the company. Lecap Asset Management Ltd. bought a new stake in shares of Eaton during the 4th quarter valued at $317,000. Golden State Wealth Management LLC purchased a new position in Eaton during the 4th quarter valued at about $369,000. Beese Fulmer Investment Management Inc. boosted its stake in Eaton by 1.6% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 40,608 shares of the industrial products company’s stock worth $13,477,000 after acquiring an additional 647 shares in the last quarter. Fairvoy Private Wealth LLC purchased a new stake in Eaton in the fourth quarter worth about $543,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Eaton by 3.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 89,687 shares of the industrial products company’s stock valued at $29,764,000 after purchasing an additional 2,686 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ETN has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Eaton from $350.00 to $335.00 and set an “equal weight” rating on the stock in a research note on Monday. Evercore ISI downgraded Eaton from an “outperform” rating to an “inline” rating and raised their price target for the company from $333.00 to $389.00 in a report on Wednesday, November 13th. UBS Group began coverage on shares of Eaton in a research note on Wednesday, November 13th. They issued a “buy” rating and a $431.00 price target on the stock. Bank of America raised 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. Finally, Melius Research reiterated a “hold” rating and issued a $373.00 target price on shares of Eaton in a research note on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $369.20.

Insider Transactions at Eaton

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $355.98, for a total value of $3,559,800.00. Following the completion of the sale, the director now owns 43,203 shares in the company, valued at $15,379,403.94. This represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of Eaton 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 transaction, the insider now directly owns 31,200 shares in the company, valued at approximately $11,811,696. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Eaton Trading Up 0.0 %

Shares of NYSE:ETN opened at $315.32 on Friday. Eaton Co. plc has a 52-week low of $255.65 and a 52-week high of $379.99. The stock has a market capitalization of $124.61 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.27 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. The stock’s 50-day simple moving average is $344.50 and its two-hundred day simple moving average is $331.06.

Eaton (NYSE:ETN) last announced its 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 last year, the business earned $2.55 earnings per share. Analysts expect that Eaton Co. plc will post 12 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.