Los Angeles Capital Management LLC Reduces Stock Position in Eaton Co. plc (NYSE:ETN)

Los Angeles Capital Management LLC cut its position in shares of Eaton Co. plc (NYSE:ETN) by 0.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 274,827 shares of the industrial products company’s stock after selling 114 shares during the period. Los Angeles Capital Management LLC’s holdings in Eaton were worth $91,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ETN. Mirae Asset Global Investments Co. Ltd. raised its position in Eaton by 38.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,150 shares of the industrial products company’s stock valued at $13,187,000 after purchasing an additional 11,098 shares in the last quarter. Arkadios Wealth Advisors raised its position in Eaton by 247.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 3,802 shares of the industrial products company’s stock valued at $1,260,000 after purchasing an additional 2,708 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Eaton by 1.9% in the 3rd quarter. Boston Trust Walden Corp now owns 2,684 shares of the industrial products company’s stock worth $890,000 after acquiring an additional 50 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of Eaton by 12.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 694 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 75 shares in the last quarter. Finally, Modera Wealth Management LLC raised its position in shares of Eaton by 38.1% in the 3rd quarter. Modera Wealth Management LLC now owns 3,362 shares of the industrial products company’s stock worth $1,114,000 after acquiring an additional 928 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Activity at Eaton

In related news, Director Gregory R. Page sold 10,000 shares of Eaton stock in a transaction on Friday, December 13th. The stock was 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 approximately $15,379,403.94. This trade represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by company insiders.

Eaton Trading Down 2.6 %

Shares of Eaton stock opened at $289.68 on Tuesday. The firm has a market capitalization of $114.48 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.64 and a beta of 1.05. Eaton Co. plc has a fifty-two week low of $255.65 and a fifty-two week high of $379.99. 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 stock has a 50 day moving average of $330.66 and a 200 day moving average of $332.83.

Eaton (NYSE:ETN) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, topping 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 quarter last year, the company earned $2.55 earnings per share. As a group, research analysts predict that Eaton Co. plc will post 12.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ETN shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Eaton in a research report on Thursday, February 13th. Melius downgraded Eaton from a “buy” rating to a “hold” rating and set a $373.00 price target on the stock. in a research note on Tuesday, January 28th. Melius Research reiterated a “hold” rating and set a $373.00 price target on shares of Eaton in a research note on Tuesday, January 28th. Bank of America boosted their price target on Eaton from $350.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Sanford C. Bernstein began coverage on Eaton in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $366.05.

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.