Vaughan David Investments LLC IL decreased its holdings in Eaton Co. plc (NYSE:ETN – Free Report) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 190,408 shares of the industrial products company’s stock after selling 10,430 shares during the period. Eaton makes up 1.5% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 9th largest position. Vaughan David Investments LLC IL’s holdings in Eaton were worth $63,191,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of ETN. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Eaton by 38.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,150 shares of the industrial products company’s stock valued at $13,187,000 after acquiring an additional 11,098 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Eaton by 247.5% in the third quarter. Arkadios Wealth Advisors now owns 3,802 shares of the industrial products company’s stock valued at $1,260,000 after acquiring an additional 2,708 shares during the period. Boston Trust Walden Corp boosted its position in shares of Eaton by 1.9% in the third quarter. Boston Trust Walden Corp now owns 2,684 shares of the industrial products company’s stock valued at $890,000 after acquiring an additional 50 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of Eaton by 12.1% in the third quarter. GHP Investment Advisors Inc. now owns 694 shares of the industrial products company’s stock valued at $230,000 after acquiring an additional 75 shares during the period. Finally, Modera Wealth Management LLC boosted its position in shares of Eaton by 38.1% in the third quarter. Modera Wealth Management LLC now owns 3,362 shares of the industrial products company’s stock valued at $1,114,000 after acquiring an additional 928 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.
Eaton Stock Down 2.6 %
Shares of NYSE ETN opened at $289.68 on Tuesday. 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 Co. plc has a 52 week low of $255.65 and a 52 week high of $379.99. The firm’s fifty day moving average is $330.66 and its 200 day moving average is $332.83. The company has a market cap of $114.48 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.64 and a beta of 1.05.
Analyst Ratings Changes
A number of equities analysts have recently commented on ETN shares. Royal Bank of Canada restated an “outperform” rating on shares of Eaton in a research report on Thursday, February 13th. UBS Group assumed coverage on shares of Eaton in a research report on Wednesday, November 13th. They set a “buy” rating and a $431.00 target price for the company. Barclays lifted their target price on shares of Eaton from $320.00 to $353.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Citigroup dropped their target price on shares of Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Bank of America lifted 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. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $366.05.
Get Our Latest Stock Analysis on ETN
Insider Buying and Selling
In other Eaton news, Director Gregory R. Page sold 10,000 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. The trade was a 18.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by insiders.
Eaton Company 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.
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