Barings LLC held its stake in shares of Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,420 shares of the industrial products company’s stock at the close of the second quarter. Barings LLC’s holdings in Eaton Corporation, PLC were worth $1,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE raised its position in Eaton Corporation, PLC by 17.0% in the 1st quarter. Bank of America Corp DE now owns 6,407,605 shares of the industrial products company’s stock valued at $475,123,000 after buying an additional 932,400 shares during the last quarter. Vanguard Group Inc. raised its position in Eaton Corporation, PLC by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 30,348,561 shares of the industrial products company’s stock valued at $2,250,347,000 after buying an additional 695,285 shares during the last quarter. Lazard Asset Management LLC raised its position in Eaton Corporation, PLC by 8.2% in the 1st quarter. Lazard Asset Management LLC now owns 5,849,259 shares of the industrial products company’s stock valued at $433,722,000 after buying an additional 443,090 shares during the last quarter. Matrix Asset Advisors Inc. NY raised its position in Eaton Corporation, PLC by 0.5% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 312,454 shares of the industrial products company’s stock valued at $24,318,000 after buying an additional 1,455 shares during the last quarter. Finally, UBS Group AG raised its position in Eaton Corporation, PLC by 1.6% in the 1st quarter. UBS Group AG now owns 1,810,784 shares of the industrial products company’s stock valued at $134,270,000 after buying an additional 28,426 shares during the last quarter. 75.87% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Deborah L. Mccoy sold 6,450 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $73.17, for a total value of $471,946.50. Following the completion of the transaction, the director now owns 46,386 shares of the company’s stock, valued at $3,394,063.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

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A number of equities research analysts recently commented on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $78.00 price target on shares of Eaton Corporation, PLC in a research report on Wednesday, July 12th. Wolfe Research assumed coverage on Eaton Corporation, PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Stifel Nicolaus reissued a “hold” rating and issued a $80.00 price target on shares of Eaton Corporation, PLC in a research report on Friday, July 7th. BidaskClub lowered Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $80.83.

Eaton Corporation, PLC (NYSE ETN) opened at 77.98 on Wednesday. The company has a market cap of $34.69 billion, a P/E ratio of 17.88 and a beta of 1.36. The stock’s 50 day moving average price is $74.83 and its 200 day moving average price is $75.86. Eaton Corporation, PLC has a 1-year low of $59.07 and a 1-year high of $81.63.

Eaton Corporation, PLC (NYSE:ETN) last released its quarterly earnings data 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). The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.14 billion. Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $1.07 EPS. On average, equities analysts anticipate that Eaton Corporation, PLC will post $4.61 earnings per share for the current fiscal year.

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.

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

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