Endurance Wealth Management Inc. lessened its holdings in shares of Eaton Corporation, PLC (NYSE:ETN) by 9.2% during the 4th quarter, HoldingsChannel reports. The fund owned 14,883 shares of the industrial products company’s stock after selling 1,500 shares during the period. Endurance Wealth Management Inc.’s holdings in Eaton were worth $1,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cable Hill Partners LLC raised its position in shares of Eaton by 174.8% during the 3rd quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 867 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Eaton during the 3rd quarter worth about $130,000. Harfst & Associates Inc. raised its position in shares of Eaton by 21.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,798 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 322 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of Eaton by 113.6% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,805 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 1,492 shares in the last quarter. Finally, Wealthsource Partners LLC acquired a new stake in shares of Eaton during the 2nd quarter worth about $226,000. 76.54% of the stock is currently owned by institutional investors and hedge funds.

In other Eaton news, Director Charles E. Golden sold 4,311 shares of Eaton stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $76.03, for a total value of $327,765.33. Following the transaction, the director now directly owns 20,275 shares in the company, valued at approximately $1,541,508.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher M. Connor sold 6,450 shares of Eaton stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $78.04, for a total value of $503,358.00. Following the completion of the transaction, the director now owns 20,100 shares in the company, valued at $1,568,604. The disclosure for this sale can be found here. Insiders sold a total of 58,938 shares of company stock worth $4,597,529 over the last quarter. Company insiders own 0.80% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Eaton from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Citigroup raised their target price on Eaton from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group raised their target price on Eaton from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Credit Suisse Group reissued an “outperform” rating and set a $92.00 target price (up previously from $86.00) on shares of Eaton in a research report on Wednesday, November 1st. Finally, Oppenheimer reissued a “hold” rating on shares of Eaton in a research report on Tuesday, October 31st. Five analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Eaton currently has an average rating of “Hold” and a consensus price target of $83.43.

Eaton Corporation, PLC (NYSE ETN) traded up $0.25 during trading hours on Thursday, reaching $83.60. The company had a trading volume of 1,379,400 shares, compared to its average volume of 2,496,409. The stock has a market cap of $36,830.00, a P/E ratio of 19.17, a PEG ratio of 1.95 and a beta of 1.38. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.44. Eaton Corporation, PLC has a 12-month low of $66.98 and a 12-month high of $84.50.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.25. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.12 billion. Eaton had a return on equity of 12.89% and a net margin of 14.21%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. equities research analysts predict that Eaton Corporation, PLC will post 4.6 EPS for the current fiscal year.

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About Eaton

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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