Davidson Investment Advisors reduced its position in Eaton Co., PLC (NYSE:ETN) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 120,956 shares of the industrial products company’s stock after selling 2,283 shares during the period. Davidson Investment Advisors’ holdings in Eaton were worth $9,557,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC grew its stake in Eaton by 174.8% in the 3rd quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 867 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in Eaton in the 3rd quarter worth approximately $130,000. Murphy Capital Management Inc. purchased a new stake in Eaton in the 4th quarter worth approximately $201,000. Wellington Shields Capital Management LLC purchased a new stake in Eaton in the 4th quarter worth approximately $206,000. Finally, Calton & Associates Inc. purchased a new stake in Eaton in the 4th quarter worth approximately $236,000. 76.45% of the stock is owned by hedge funds and other institutional investors.

Eaton Co., PLC (NYSE:ETN) opened at $81.83 on Wednesday. Eaton Co., PLC has a 1-year low of $69.82 and a 1-year high of $89.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.65 and a quick ratio of 1.13. The company has a market cap of $36,138.01, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.39.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. Eaton had a net margin of 14.60% and a return on equity of 12.84%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. equities analysts expect that Eaton Co., PLC will post 5.14 earnings per share for the current fiscal year.

In other news, insider Nandakumar Cheruvatath sold 10,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $77.50, for a total value of $775,000.00. Following the completion of the sale, the insider now owns 16,571 shares of the company’s stock, valued at approximately $1,284,252.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles E. Golden sold 4,311 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $76.03, for a total transaction of $327,765.33. Following the sale, the director now directly owns 20,275 shares of the company’s stock, valued at approximately $1,541,508.25. The disclosure for this sale can be found here. Insiders sold a total of 28,745 shares of company stock valued at $2,233,669 in the last three months. Insiders own 0.80% of the company’s stock.

ETN has been the subject of several recent analyst reports. Robert W. Baird raised shares of Eaton from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $82.00 to $92.00 in a research note on Wednesday, January 3rd. Stifel Nicolaus upgraded shares of Eaton from a “hold” rating to a “buy” rating and lifted their price target for the company from $77.00 to $99.00 in a report on Sunday, February 4th. Zacks Investment Research lowered shares of Eaton from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Argus upgraded shares of Eaton to a “buy” rating and lifted their price target for the company from $85.00 to $90.00 in a report on Thursday, February 8th. Finally, ValuEngine upgraded shares of Eaton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Eaton presently has an average rating of “Hold” and a consensus price target of $86.93.

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Eaton 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 (NYSE:ETN)

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