TrueWealth Advisors LLC Has $567,000 Stock Position in Eaton Co. plc (NYSE:ETN)

TrueWealth Advisors LLC decreased its stake in shares of Eaton Co. plc (NYSE:ETN) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,708 shares of the industrial products company’s stock after selling 58 shares during the quarter. TrueWealth Advisors LLC’s holdings in Eaton were worth $567,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arthur M. Cohen & Associates LLC increased its position in shares of Eaton by 7.2% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 5,859 shares of the industrial products company’s stock valued at $1,944,000 after purchasing an additional 396 shares during the period. Brooklyn Investment Group boosted its stake in Eaton by 1.3% during the fourth quarter. Brooklyn Investment Group now owns 4,141 shares of the industrial products company’s stock worth $1,374,000 after buying an additional 54 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in Eaton by 12.1% in the 4th quarter. Sax Wealth Advisors LLC now owns 2,292 shares of the industrial products company’s stock valued at $761,000 after buying an additional 247 shares during the period. Merit Financial Group LLC raised its stake in shares of Eaton by 20.4% in the 4th quarter. Merit Financial Group LLC now owns 29,858 shares of the industrial products company’s stock valued at $9,909,000 after buying an additional 5,057 shares in the last quarter. Finally, CNB Bank lifted its holdings in shares of Eaton by 8.4% during the 4th quarter. CNB Bank now owns 4,038 shares of the industrial products company’s stock worth $1,340,000 after acquiring an additional 313 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ernest W. Marshall, Jr. sold 1,412 shares of the 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 completion of the sale, the insider now owns 31,200 shares of the company’s stock, valued at $11,811,696. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory R. Page sold 4,000 shares of Eaton stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $335.30, for a total value of $1,341,200.00. Following the completion of the sale, the director now directly owns 51,422 shares in the company, valued at $17,241,796.60. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,981 shares of company stock worth $27,660,117. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

ETN has been the subject of several recent research reports. Bank of America increased their price target on shares of Eaton from $350.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their target price on Eaton from $374.00 to $392.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company lowered their target price on shares of Eaton from $365.00 to $350.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Four investment 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, the stock has an average rating of “Moderate Buy” and an average target price of $368.89.

Eaton Trading Up 0.4 %

NYSE:ETN opened at $346.54 on Friday. The firm has a market capitalization of $136.95 billion, a price-to-earnings ratio of 36.87, a PEG ratio of 2.27 and a beta of 1.06. Eaton Co. plc has a 1-year low of $236.20 and a 1-year high of $379.99. The business’s 50-day moving average price is $354.73 and its two-hundred day moving average price is $329.53. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45.

Eaton (NYSE:ETN) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the firm earned $2.47 EPS. Eaton’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Eaton Co. plc will post 10.8 earnings per share for the current year.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 4th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, November 4th. Eaton’s payout ratio is presently 40.00%.

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.