Mn Services Vermogensbeheer B.V. Increases Holdings in Eaton Co. plc (NYSE:ETN)

Mn Services Vermogensbeheer B.V. raised its position in shares of Eaton Co. plc (NYSE:ETN) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,714 shares of the industrial products company’s stock after acquiring an additional 3,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Eaton were worth $52,341,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Groupama Asset Managment lifted its holdings in Eaton by 83.2% during the third quarter. Groupama Asset Managment now owns 9,463 shares of the industrial products company’s stock worth $31,000 after buying an additional 4,298 shares during the period. Horizon Bancorp Inc. IN lifted its position in shares of Eaton by 321.7% during the 4th quarter. Horizon Bancorp Inc. IN now owns 97 shares of the industrial products company’s stock valued at $32,000 after buying an additional 74 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Eaton during the 3rd quarter worth approximately $33,000. Activest Wealth Management grew its stake in shares of Eaton by 621.4% in the fourth quarter. Activest Wealth Management now owns 101 shares of the industrial products company’s stock valued at $34,000 after buying an additional 87 shares in the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Eaton during the fourth quarter worth about $38,000. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

ETN has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating on shares of Eaton in a research note on Thursday, February 13th. Wells Fargo & Company restated an “equal weight” rating on shares of Eaton in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of Eaton from $350.00 to $348.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Melius cut Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price for the company. in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group lifted their target price on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Seven equities 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $366.05.

Eaton Stock Up 3.4 %

Eaton stock opened at $297.28 on Thursday. Eaton Co. plc has a 1-year low of $255.65 and a 1-year high of $379.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 0.96. The stock 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. The business has a fifty day moving average price of $328.71 and a 200-day moving average price of $332.55.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, beating the consensus estimate 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 previous year, the business posted $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 at Eaton

In other Eaton news, Director Gregory R. Page sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $355.98, for a total transaction of $3,559,800.00. Following the transaction, the director now owns 43,203 shares of the company’s stock, valued at approximately $15,379,403.94. This trade represents a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

About Eaton

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.