SYM FINANCIAL Corp Has $257,000 Stake in Eaton Co. plc (NYSE:ETN)

SYM FINANCIAL Corp lifted its holdings in shares of Eaton Co. plc (NYSE:ETN) by 14.8% during the 4th quarter, Holdings Channel reports. The firm owned 775 shares of the industrial products company’s stock after purchasing an additional 100 shares during the period. SYM FINANCIAL Corp’s holdings in Eaton were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ETN. Czech National Bank grew its holdings in shares of Eaton by 6.4% during the 3rd quarter. Czech National Bank now owns 81,097 shares of the industrial products company’s stock worth $26,879,000 after purchasing an additional 4,912 shares in the last quarter. Quent Capital LLC lifted its position in Eaton by 2.6% during the third quarter. Quent Capital LLC now owns 1,380 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 35 shares during the period. Burns J W & Co. Inc. NY grew its stake in Eaton by 11.6% during the third quarter. Burns J W & Co. Inc. NY now owns 848 shares of the industrial products company’s stock worth $281,000 after buying an additional 88 shares in the last quarter. Bard Financial Services Inc. bought a new position in Eaton in the 3rd quarter valued at about $255,000. Finally, GAMMA Investing LLC raised its position in shares of Eaton by 65.1% in the 3rd quarter. GAMMA Investing LLC now owns 12,280 shares of the industrial products company’s stock valued at $4,070,000 after buying an additional 4,842 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Eaton Stock Performance

Shares of ETN stock opened at $326.32 on Monday. The stock has a market capitalization of $128.96 billion, a PE ratio of 34.72, a PEG ratio of 2.21 and a beta of 1.06. The business’s 50 day simple moving average is $349.23 and its 200 day simple moving average is $331.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.53 and a quick ratio of 1.00. Eaton Co. plc has a one year low of $245.65 and a one year high of $379.99.

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 analysts’ consensus estimates of $2.82 by $0.01. Eaton had a net margin of 15.32% and a return on equity of 21.97%. During the same quarter in the previous year, the company earned $2.55 earnings per share. As a group, research analysts forecast that Eaton Co. plc will post 10.79 earnings per share for the current year.

Insider Buying and Selling at Eaton

In other Eaton news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $378.58, for a total transaction of $534,554.96. Following the sale, the insider now owns 31,200 shares of the company’s stock, valued at $11,811,696. The trade was a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Arnold sold 61,569 shares of Eaton stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $360.97, for a total value of $22,224,561.93. Following the sale, the insider now directly owns 506,360 shares of the company’s stock, valued at $182,780,769.20. This represents a 10.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,981 shares of company stock worth $26,318,917 over the last three months. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of Eaton in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price objective on the stock. Bank of America boosted their price target on Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Mizuho raised their price objective on Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays boosted their target price on Eaton from $320.00 to $353.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Citigroup reduced their price target on shares of Eaton from $440.00 to $410.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average target price of $369.30.

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.