Trillium Asset Management LLC increased its stake in Eaton Corp. PLC (NYSE:ETN) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 317,264 shares of the company’s stock after buying an additional 1,249 shares during the period. Eaton Corp. PLC makes up 1.3% of Trillium Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Trillium Asset Management LLC owned 0.07% of Eaton Corp. PLC worth $18,950,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. M&T Bank Corp increased its stake in shares of Eaton Corp. PLC by 3.7% in the first quarter. M&T Bank Corp now owns 160,342 shares of the company’s stock valued at $10,030,000 after buying an additional 5,775 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Eaton Corp. PLC during the first quarter valued at approximately $1,145,000. Advisor Partners LLC increased its stake in shares of Eaton Corp. PLC by 29.6% in the first quarter. Advisor Partners LLC now owns 6,116 shares of the company’s stock valued at $383,000 after buying an additional 1,397 shares during the period. Bessemer Group Inc. increased its stake in shares of Eaton Corp. PLC by 350.1% in the first quarter. Bessemer Group Inc. now owns 112,962 shares of the company’s stock valued at $7,066,000 after buying an additional 87,863 shares during the period. Finally, Canandaigua National Bank & Trust Co. increased its stake in shares of Eaton Corp. PLC by 2.2% in the first quarter. Canandaigua National Bank & Trust Co. now owns 11,983 shares of the company’s stock valued at $750,000 after buying an additional 255 shares during the period. 74.34% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Eaton Corp. PLC (NYSE:ETN)

Eaton Corp. PLC (NYSE:ETN) traded down 2.35% on Tuesday, hitting $64.32. The stock had a trading volume of 2,110,609 shares. Eaton Corp. PLC has a 52-week low of $46.19 and a 52-week high of $68.20. The firm has a market cap of $29.25 billion, a price-to-earnings ratio of 15.88 and a beta of 1.54. The company’s 50 day moving average price is $65.56 and its 200 day moving average price is $63.05.

Eaton Corp. PLC (NYSE:ETN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. The firm earned $5.10 billion during the quarter, compared to analyst estimates of $5.06 billion. Eaton Corp. PLC had a return on equity of 12.28% and a net margin of 9.29%. Eaton Corp. PLC’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. Analysts expect that Eaton Corp. PLC will post $4.28 EPS for the current year.

A number of brokerages recently commented on ETN. Deutsche Bank AG reaffirmed a “hold” rating and set a $65.00 price target on shares of Eaton Corp. PLC in a research report on Thursday, August 25th. Argus raised Eaton Corp. PLC from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “hold” rating on shares of Eaton Corp. PLC in a research report on Friday, August 5th. Barclays PLC increased their price target on Eaton Corp. PLC from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 3rd. Finally, Bank of America Corp. downgraded Eaton Corp. PLC from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Thursday, July 14th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $62.57.

In related news, insider Mark M. Mcguire sold 18,751 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $64.55, for a total value of $1,210,377.05. Following the completion of the transaction, the insider now owns 51,447 shares of the company’s stock, valued at approximately $3,320,903.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard H. Fearon sold 65,195 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $65.29, for a total transaction of $4,256,581.55. Following the completion of the transaction, the insider now directly owns 276,386 shares of the company’s stock, valued at approximately $18,045,241.94. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

Eaton Corp. PLC Company Profile

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

5 Day Chart for NYSE:ETN

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