Campbell Wealth Management Purchases Shares of 973 Eaton Co. plc (NYSE:ETN)

Campbell Wealth Management acquired a new position in Eaton Co. plc (NYSE:ETN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 973 shares of the industrial products company’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also modified their holdings of ETN. Creative Planning grew its stake in Eaton by 2.7% during the third quarter. Creative Planning now owns 181,067 shares of the industrial products company’s stock worth $60,013,000 after buying an additional 4,705 shares during the period. Vontobel Holding Ltd. boosted its position in Eaton by 52.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 26,611 shares of the industrial products company’s stock worth $8,820,000 after purchasing an additional 9,174 shares during the period. B.O.S.S. Retirement Advisors LLC increased its holdings in Eaton by 18.4% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 1,270 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 197 shares in the last quarter. SPC Financial Inc. raised its position in Eaton by 17.8% in the third quarter. SPC Financial Inc. now owns 11,769 shares of the industrial products company’s stock valued at $3,901,000 after purchasing an additional 1,779 shares during the period. Finally, Rheos Capital Works Inc. lifted its stake in shares of Eaton by 233.3% during the third quarter. Rheos Capital Works Inc. now owns 50,000 shares of the industrial products company’s stock worth $16,572,000 after purchasing an additional 35,000 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Eaton Stock Performance

Shares of ETN opened at $307.70 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. Eaton Co. plc has a 12-month low of $255.65 and a 12-month high of $379.99. The business’s fifty day moving average price is $339.72 and its 200 day moving average price is $331.47. The stock has a market capitalization of $121.60 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.01. Eaton had a net margin of 15.25% and a return on equity of 22.62%. During the same quarter in the prior year, the firm posted $2.55 earnings per share. Equities research analysts forecast that Eaton Co. plc will post 12.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ETN. Royal Bank of Canada lowered their target price on Eaton from $407.00 to $405.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Barclays lifted their price objective on shares of Eaton from $320.00 to $353.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Bank of America upped their target price on shares of Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Evercore ISI downgraded shares of Eaton from an “outperform” rating to an “inline” rating and lifted their price target for the stock from $333.00 to $389.00 in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Six 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.com, Eaton currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.20.

Insider Buying and Selling

In related news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $378.58, for a total value of $534,554.96. Following the sale, the insider now owns 31,200 shares of the company’s stock, valued at $11,811,696. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory R. Page sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the transaction, the director now directly owns 43,203 shares of the company’s stock, valued at $15,379,403.94. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Eaton 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.