Strategic Wealth Partners Ltd. lifted its holdings in shares of Eaton Co. PLC (NYSE:ETN) by 8.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,723 shares of the industrial products company’s stock after acquiring an additional 822 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Eaton were worth $801,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its holdings in Eaton by 22.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,253 shares of the industrial products company’s stock valued at $2,018,000 after purchasing an additional 4,704 shares during the period. Redwood Investment Management LLC bought a new position in Eaton during the first quarter valued at $223,000. IFP Advisors Inc grew its holdings in Eaton by 27.4% during the first quarter. IFP Advisors Inc now owns 9,431 shares of the industrial products company’s stock valued at $754,000 after purchasing an additional 2,029 shares during the period. Lido Advisors LLC grew its holdings in Eaton by 57.0% during the first quarter. Lido Advisors LLC now owns 9,348 shares of the industrial products company’s stock valued at $747,000 after purchasing an additional 3,393 shares during the period. Finally, Toronto Dominion Bank grew its holdings in Eaton by 24.9% during the first quarter. Toronto Dominion Bank now owns 237,319 shares of the industrial products company’s stock valued at $18,960,000 after purchasing an additional 47,281 shares during the period. 77.54% of the stock is owned by institutional investors.

In related news, insider Ken D. Semelsberger sold 11,500 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $86.57, for a total transaction of $995,555.00. Following the transaction, the insider now owns 78,883 shares in the company, valued at approximately $6,828,901.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Revathi Advaithi sold 15,500 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $82.98, for a total value of $1,286,190.00. Following the transaction, the insider now owns 24,715 shares in the company, valued at approximately $2,050,850.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,000 shares of company stock worth $4,617,645. 0.50% of the stock is owned by company insiders.

A number of equities analysts have recently commented on ETN shares. ValuEngine lowered Eaton from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research raised Eaton from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Tuesday, July 3rd. MED raised Eaton from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, July 12th. Deutsche Bank set a $86.00 price target on Eaton and gave the stock a “buy” rating in a report on Thursday, July 12th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $80.00 price target on shares of Eaton in a report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $88.67.

NYSE:ETN traded up $0.24 during trading hours on Friday, hitting $79.77. 3,419,244 shares of the company’s stock traded hands, compared to its average volume of 2,740,199. Eaton Co. PLC has a 52 week low of $71.62 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.96 and a current ratio of 1.47. The firm has a market capitalization of $37.58 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.58 and a beta of 1.35.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.07. Eaton had a return on equity of 13.11% and a net margin of 14.80%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Eaton Co. PLC will post 5.36 earnings per share for the current fiscal year.

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.

Read More: How to Invest in Marijuana Stocks

Institutional Ownership by Quarter for Eaton (NYSE:ETN)

Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.