LSV Asset Management raised its holdings in Eaton Co. PLC (NYSE:ETN) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,310,523 shares of the industrial products company’s stock after buying an additional 225,000 shares during the quarter. LSV Asset Management’s holdings in Eaton were worth $364,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ETN. FMR LLC lifted its stake in Eaton by 13.2% in the second quarter. FMR LLC now owns 4,337,578 shares of the industrial products company’s stock valued at $324,191,000 after acquiring an additional 506,129 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Eaton by 36.2% in the second quarter. Advisors Asset Management Inc. now owns 21,888 shares of the industrial products company’s stock valued at $1,636,000 after acquiring an additional 5,814 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Eaton by 10.9% in the second quarter. Bank of New York Mellon Corp now owns 6,233,875 shares of the industrial products company’s stock valued at $465,919,000 after acquiring an additional 611,053 shares during the last quarter. Bank of Montreal Can lifted its stake in Eaton by 17.5% in the third quarter. Bank of Montreal Can now owns 725,340 shares of the industrial products company’s stock valued at $62,908,000 after acquiring an additional 108,006 shares during the last quarter. Finally, PGGM Investments lifted its stake in Eaton by 9.2% in the third quarter. PGGM Investments now owns 779,530 shares of the industrial products company’s stock valued at $67,609,000 after acquiring an additional 65,352 shares during the last quarter. Institutional investors own 79.17% of the company’s stock.

NYSE ETN opened at $75.89 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.47 and a debt-to-equity ratio of 0.42. The stock has a market cap of $32.86 billion, a PE ratio of 14.08, a P/E/G ratio of 1.40 and a beta of 1.45. Eaton Co. PLC has a 52-week low of $64.46 and a 52-week high of $89.46.

Eaton (NYSE:ETN) last posted its earnings results on Thursday, January 31st. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Eaton had a net margin of 9.93% and a return on equity of 14.06%. As a group, equities research analysts expect that Eaton Co. PLC will post 5.87 earnings per share for the current year.

A number of analysts have commented on the stock. Stephens assumed coverage on shares of Eaton in a research note on Monday, November 19th. They issued an “overweight” rating and a $96.00 price target for the company. Citigroup cut their price target on shares of Eaton from $92.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Zacks Investment Research cut shares of Eaton from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Wells Fargo & Co reiterated a “buy” rating and issued a $85.00 price target (down previously from $96.00) on shares of Eaton in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Finally, Barclays reiterated an “underweight” rating and issued a $75.00 price target (down previously from $77.00) on shares of Eaton in a research note on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $86.00.

In other news, insider Joao V. Faria sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $76.73, for a total transaction of $383,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

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About Eaton

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.

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Institutional Ownership by Quarter for Eaton (NYSE:ETN)

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