Eaton Co., PLC (ETN) Shares Bought by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC raised its holdings in shares of Eaton Co., PLC (NYSE:ETN) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 44,401 shares of the industrial products company’s stock after purchasing an additional 1,180 shares during the quarter. Eaton accounts for 1.7% of Alpha Omega Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Alpha Omega Wealth Management LLC’s holdings in Eaton were worth $3,508,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC raised its holdings in shares of Eaton by 174.8% in the third quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 867 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Eaton in the third quarter valued at about $130,000. Murphy Capital Management Inc. bought a new stake in shares of Eaton in the fourth quarter valued at about $201,000. Wellington Shields Capital Management LLC bought a new stake in shares of Eaton in the fourth quarter valued at about $206,000. Finally, Calton & Associates Inc. bought a new stake in shares of Eaton in the fourth quarter valued at about $236,000. Hedge funds and other institutional investors own 76.63% of the company’s stock.

In other Eaton news, insider Curtis J. Hutchins sold 14,360 shares of Eaton stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $78.36, for a total value of $1,125,249.60. Following the transaction, the insider now owns 26,596 shares in the company, valued at $2,084,062.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles E. Golden sold 4,311 shares of Eaton stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $76.03, for a total value of $327,765.33. Following the completion of the transaction, the director now owns 20,275 shares in the company, valued at approximately $1,541,508.25. The disclosure for this sale can be found here. Insiders sold 28,745 shares of company stock worth $2,233,669 in the last quarter. 0.80% of the stock is owned by insiders.

Several analysts recently weighed in on the company. Argus lifted their price objective on Eaton from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. ValuEngine upgraded Eaton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group restated a “hold” rating and issued a $90.00 price objective on shares of Eaton in a report on Friday, February 2nd. Zacks Investment Research upgraded Eaton from a “sell” rating to a “hold” rating in a report on Monday. Finally, UBS Group assumed coverage on Eaton in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $87.00 price objective for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Eaton has an average rating of “Hold” and an average target price of $86.93.

Eaton Co., PLC (NYSE:ETN) opened at $79.41 on Friday. Eaton Co., PLC has a 52 week low of $69.45 and a 52 week high of $89.85. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $35,960.00, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38.

Eaton (NYSE:ETN) last posted its earnings results on Thursday, February 1st. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. Eaton had a return on equity of 12.84% and a net margin of 14.60%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts expect that Eaton Co., PLC will post 5.14 EPS for the current fiscal year.

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Eaton Profile

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

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Institutional Ownership by Quarter for Eaton (NYSE:ETN)

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