Sandhill Capital Partners LLC grew its stake in Eaton Corporation, PLC (NYSE:ETN) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,555 shares of the industrial products company’s stock after purchasing an additional 4,458 shares during the period. Eaton Corporation, PLC comprises about 3.9% of Sandhill Capital Partners LLC’s investment portfolio, making the stock its 8th biggest position. Sandhill Capital Partners LLC owned about 0.05% of Eaton Corporation, PLC worth $18,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harfst & Associates Inc. acquired a new stake in Eaton Corporation, PLC in the 1st quarter worth $109,000. Guardian Life Insurance Co. of America boosted its position in shares of Eaton Corporation, PLC by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 12 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Eaton Corporation, PLC during the 2nd quarter valued at about $133,000. Citizens Financial Group Inc. RI boosted its position in shares of Eaton Corporation, PLC by 168.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 2,059 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of Eaton Corporation, PLC by 325.9% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors own 75.86% of the company’s stock.

Shares of Eaton Corporation, PLC (NYSE ETN) traded down 1.44% during trading on Thursday, hitting $76.01. 1,349,407 shares of the company’s stock were exchanged. Eaton Corporation, PLC has a 1-year low of $59.07 and a 1-year high of $81.63. The stock has a market cap of $33.81 billion, a PE ratio of 17.43 and a beta of 1.36. The stock’s 50-day moving average price is $72.78 and its 200-day moving average price is $75.31.

Eaton Corporation, PLC (NYSE:ETN) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.01). Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the business posted $1.07 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts expect that Eaton Corporation, PLC will post $4.61 earnings per share for the current fiscal year.

ETN has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday, June 5th. JMP Securities initiated coverage on shares of Eaton Corporation, PLC in a research report on Monday, June 19th. They set a “market perform” rating on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 target price on shares of Eaton Corporation, PLC in a research report on Thursday, August 24th. ValuEngine upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $79.67.

In other news, Director Deborah L. Mccoy sold 6,450 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $73.17, for a total value of $471,946.50. Following the sale, the director now directly owns 46,386 shares in the company, valued at approximately $3,394,063.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

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Eaton Corporation, PLC 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.

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Institutional Ownership by Quarter for Eaton Corporation, PLC (NYSE:ETN)

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