Todays Report: The GW Henssler & Associates Ltd. Acquires 1,968 Shares of Eaton Corp. PLC (ETN)

The GW Henssler & Associates Ltd. Acquires 1,968 Shares of Eaton Corp. PLC (ETN)

GW Henssler & Associates Ltd. boosted its position in shares of Eaton Corp. PLC (NYSE:ETN) by 10.0% during the second quarter, Holdings Channel reports. The institutional investor owned 21,640 shares of the company’s stock after buying an additional 1,968 shares during the period. GW Henssler & Associates Ltd.’s holdings in Eaton Corp. PLC were worth $1,293,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ETN. Virginia Retirement System purchased a new stake in Eaton Corp. PLC during the first quarter worth about $469,000. Los Angeles Capital Management & Equity Research Inc. raised its position in Eaton Corp. PLC by 268.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,331 shares of the company’s stock valued at $1,147,000 after buying an additional 13,360 shares in the last quarter. Credit Agricole S A raised its position in Eaton Corp. PLC by 1.3% in the first quarter. Credit Agricole S A now owns 316,694 shares of the company’s stock valued at $19,811,000 after buying an additional 4,047 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Eaton Corp. PLC during the first quarter valued at $244,000. Finally, BB&T Securities LLC raised its position in Eaton Corp. PLC by 473.9% in the first quarter. BB&T Securities LLC now owns 113,283 shares of the company’s stock valued at $7,087,000 after buying an additional 93,545 shares in the last quarter. Institutional investors and hedge funds own 74.32% of the company’s stock.

Shares of Eaton Corp. PLC (NYSE:ETN) traded down 0.28% during midday trading on Monday, hitting $63.12. 2,671,990 shares of the company were exchanged. Eaton Corp. PLC has a one year low of $46.19 and a one year high of $68.20. The company has a market capitalization of $28.70 billion, a P/E ratio of 15.58 and a beta of 1.54. The company has a 50-day moving average of $64.70 and a 200 day moving average of $63.13.

Eaton Corp. PLC (NYSE:ETN) last issued its earnings results on Tuesday, August 2nd. The company reported $1.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.07. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.06 billion. Eaton Corp. PLC had a net margin of 9.29% and a return on equity of 12.28%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 earnings per share. On average, equities research analysts expect that Eaton Corp. PLC will post $4.28 earnings per share for the current fiscal year.

Several research analysts have weighed in on ETN shares. Argus upgraded shares of Eaton Corp. PLC from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, August 10th. They noted that the move was a valuation call. HSBC started coverage on shares of Eaton Corp. PLC in a research note on Friday, October 7th. They issued a “buy” rating and a $74.00 price objective on the stock. Credit Suisse Group AG reiterated a “buy” rating on shares of Eaton Corp. PLC in a research note on Saturday, July 9th. Barclays PLC upped their price objective on shares of Eaton Corp. PLC from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $65.00 price objective on shares of Eaton Corp. PLC in a research note on Thursday, August 25th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Eaton Corp. PLC currently has an average rating of “Hold” and an average target price of $63.35.

In related news, insider Richard H. Fearon sold 65,195 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $65.29, for a total transaction of $4,256,581.55. Following the transaction, the insider now directly owns 276,386 shares in the company, valued at $18,045,241.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark M. Mcguire sold 18,751 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $64.55, for a total transaction of $1,210,377.05. Following the transaction, the insider now owns 51,447 shares in the company, valued at $3,320,903.85. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

Eaton Corp. PLC Company 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.

Related posts

Leave a Comment