New York Life Investment Management LLC Buys 36 Shares of Eaton Co. plc (NYSE:ETN)

New York Life Investment Management LLC increased its stake in shares of Eaton Co. plc (NYSE:ETNFree Report) by 0.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 53,047 shares of the industrial products company’s stock after purchasing an additional 36 shares during the quarter. New York Life Investment Management LLC’s holdings in Eaton were worth $17,605,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Nwam LLC boosted its stake in shares of Eaton by 0.6% during the fourth quarter. Nwam LLC now owns 5,314 shares of the industrial products company’s stock valued at $1,764,000 after purchasing an additional 34 shares during the period. Cable Hill Partners LLC raised its holdings in Eaton by 47.2% during the 4th quarter. Cable Hill Partners LLC now owns 936 shares of the industrial products company’s stock valued at $311,000 after buying an additional 300 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Eaton during the 4th quarter valued at $135,000. Simmons Bank grew its holdings in Eaton by 2.4% in the 4th quarter. Simmons Bank now owns 7,870 shares of the industrial products company’s stock worth $2,612,000 after acquiring an additional 188 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in Eaton by 143.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 22,382 shares of the industrial products company’s stock worth $7,428,000 after acquiring an additional 13,172 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Eaton Price Performance

ETN stock opened at $297.28 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50. The firm has a 50 day moving average price of $328.71 and a 200-day moving average price of $332.55. Eaton Co. plc has a 52-week low of $255.65 and a 52-week high of $379.99. The firm has a market capitalization of $117.48 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.64 and a beta of 1.05.

Eaton (NYSE:ETNGet Free Report) last announced 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 return on equity of 22.62% and a net margin of 15.25%. During the same quarter in the previous year, the business earned $2.55 earnings per share. Equities research analysts forecast that Eaton Co. plc will post 12.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gregory R. Page sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 43,203 shares of the company’s stock, valued at $15,379,403.94. This trade represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETN has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Eaton in a report on Wednesday, November 13th. They set a “buy” rating and a $431.00 target price for the company. Evercore ISI dropped their price objective on Eaton from $382.00 to $326.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Melius Research reiterated a “hold” rating and issued a $373.00 price objective on shares of Eaton in a research report on Tuesday, January 28th. Citigroup decreased their target price on Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Sanford C. Bernstein started coverage on shares of Eaton in a report on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Eaton currently has a consensus rating of “Moderate Buy” and an average price target of $366.05.

Check Out Our Latest Analysis on ETN

Eaton Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ETN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eaton Co. plc (NYSE:ETNFree Report).

Institutional Ownership by Quarter for Eaton (NYSE:ETN)

Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.