Rothschild Investment LLC Increases Stock Position in Eaton Co. plc (NYSE:ETN)

Rothschild Investment LLC boosted its holdings in shares of Eaton Co. plc (NYSE:ETN) by 42.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,200 shares of the industrial products company’s stock after buying an additional 953 shares during the quarter. Rothschild Investment LLC’s holdings in Eaton were worth $1,062,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ETN. J. W. Coons Advisors LLC increased its holdings in shares of Eaton by 0.9% in the 4th quarter. J. W. Coons Advisors LLC now owns 12,757 shares of the industrial products company’s stock valued at $4,234,000 after acquiring an additional 112 shares during the period. Birchcreek Wealth Management LLC bought a new stake in Eaton during the fourth quarter valued at about $580,000. Y Intercept Hong Kong Ltd purchased a new position in Eaton in the fourth quarter valued at about $2,147,000. World Equity Group Inc. raised its holdings in Eaton by 3.3% in the fourth quarter. World Equity Group Inc. now owns 2,695 shares of the industrial products company’s stock worth $894,000 after purchasing an additional 85 shares in the last quarter. Finally, Sigma Investment Counselors Inc. lifted its position in shares of Eaton by 468.6% during the fourth quarter. Sigma Investment Counselors Inc. now owns 9,195 shares of the industrial products company’s stock valued at $3,052,000 after buying an additional 7,578 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gregory R. Page sold 10,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $355.98, for a total value of $3,559,800.00. Following the completion of the transaction, the director now directly owns 43,203 shares in the company, valued at $15,379,403.94. The trade was a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Eaton Trading Down 2.6 %

NYSE ETN opened at $289.68 on Tuesday. Eaton Co. plc has a 1 year low of $255.65 and a 1 year high of $379.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The company has a market capitalization of $114.48 billion, a PE ratio of 30.49, a P/E/G ratio of 2.64 and a beta of 1.05. The company has a fifty day moving average of $330.66 and a 200 day moving average of $332.83.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same period in the previous year, the firm posted $2.55 earnings per share. Research analysts forecast that Eaton Co. plc will post 12.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on ETN shares. Evercore ISI reduced their price objective on shares of Eaton from $382.00 to $326.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Jefferies Financial Group upped their price target on Eaton from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Citigroup lowered their price objective on Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Mizuho increased their price target on Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $366.05.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.