Williams Jones & Associates LLC reduced its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,268 shares of the industrial products company’s stock after selling 830 shares during the quarter. Williams Jones & Associates LLC’s holdings in Eaton Corporation, PLC were worth $4,924,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ETN. Harfst & Associates Inc. bought a new stake in shares of Eaton Corporation, PLC in the 1st quarter worth $109,000. Guardian Life Insurance Co. of America lifted its holdings in shares of Eaton Corporation, PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after buying an additional 12 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Eaton Corporation, PLC in the second quarter valued at $133,000. Citizens Financial Group Inc. RI lifted its holdings in shares of Eaton Corporation, PLC by 168.8% in the first quarter. Citizens Financial Group Inc. RI now owns 2,059 shares of the industrial products company’s stock valued at $153,000 after buying an additional 1,293 shares during the period. Finally, Acrospire Investment Management LLC lifted its holdings in shares of Eaton Corporation, PLC by 325.9% in the second quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after buying an additional 1,600 shares during the period. Institutional investors own 75.87% of the company’s stock.

Eaton Corporation, PLC (NYSE ETN) traded down 0.25% on Tuesday, reaching $77.35. 659,256 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $73.82 and its 200-day moving average is $75.64. Eaton Corporation, PLC has a 12 month low of $59.07 and a 12 month high of $81.63. The firm has a market cap of $34.41 billion, a PE ratio of 17.73 and a beta of 1.36.

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 the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.14 billion. Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. On average, equities analysts forecast that Eaton Corporation, PLC will post $4.61 earnings per share for the current year.

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In related news, Director Deborah L. Mccoy sold 6,450 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.17, for a total transaction of $471,946.50. Following the transaction, the director now directly owns 46,386 shares in the company, valued at $3,394,063.62. The sale was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus restated a “hold” rating and set a $80.00 price objective on shares of Eaton Corporation, PLC in a research report on Friday, July 7th. BidaskClub lowered shares of Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reissued a “hold” rating and set a $78.00 target price on shares of Eaton Corporation, PLC in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, ValuEngine upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $80.31.

About Eaton Corporation, PLC

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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