Eaton Co. plc (NYSE:ETN) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its holdings in shares of Eaton Co. plc (NYSE:ETN) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,163 shares of the industrial products company’s stock after acquiring an additional 341 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Eaton were worth $5,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Groupama Asset Managment increased its stake in Eaton by 83.2% during the 3rd quarter. Groupama Asset Managment now owns 9,463 shares of the industrial products company’s stock valued at $31,000 after buying an additional 4,298 shares during the period. Horizon Bancorp Inc. IN increased its position in shares of Eaton by 321.7% during the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 74 shares during the period. Morse Asset Management Inc bought a new position in Eaton during the third quarter valued at about $33,000. DT Investment Partners LLC acquired a new stake in Eaton in the 3rd quarter valued at about $37,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Eaton in the 4th quarter worth approximately $38,000. Institutional investors own 82.97% of the company’s stock.

Eaton Stock Performance

ETN opened at $313.11 on Friday. 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 $123.74 billion, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The stock’s 50 day moving average price is $343.25 and its two-hundred day moving average price is $331.01. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $2.55 earnings per share. On average, equities analysts forecast that Eaton Co. plc will post 12.04 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ETN. Wells Fargo & Company decreased their price target on shares of Eaton from $350.00 to $335.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Bank of America upped their target price on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein assumed coverage on Eaton in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price target on the stock. Mizuho raised their target price on shares of Eaton from $365.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Melius Research restated a “hold” rating and set a $373.00 price target on shares of Eaton in a report on Tuesday, January 28th. Six 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 has an average rating of “Moderate Buy” and a consensus price target of $369.20.

Insider Activity

In related 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 value 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 $15,379,403.94. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the insider now owns 31,200 shares of the company’s stock, valued at $11,811,696. This trade 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.

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.