CNA Financial Corp reduced its position in shares of Eaton Corporation, PLC (NYSE:ETN) by 13.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,991 shares of the industrial products company’s stock after selling 8,685 shares during the period. Eaton Corporation, PLC comprises about 0.9% of CNA Financial Corp’s holdings, making the stock its 26th largest position. CNA Financial Corp’s holdings in Eaton Corporation, PLC were worth $4,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Eaton Corporation, PLC by 2,830.8% in the first quarter. BlackRock Inc. now owns 29,114,265 shares of the industrial products company’s stock worth $2,158,821,000 after buying an additional 28,120,890 shares during the last quarter. Boston Partners increased its position in shares of Eaton Corporation, PLC by 286.0% in the first quarter. Boston Partners now owns 7,227,300 shares of the industrial products company’s stock worth $535,904,000 after buying an additional 5,354,998 shares during the last quarter. Bank of America Corp DE increased its position in shares of Eaton Corporation, PLC by 17.0% in the first quarter. Bank of America Corp DE now owns 6,407,605 shares of the industrial products company’s stock worth $475,123,000 after buying an additional 932,400 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Eaton Corporation, PLC by 2.4% in the first quarter. Wellington Management Group LLP now owns 37,607,505 shares of the industrial products company’s stock worth $2,788,596,000 after buying an additional 875,616 shares during the last quarter. Finally, FMR LLC increased its position in shares of Eaton Corporation, PLC by 9.5% in the first quarter. FMR LLC now owns 9,180,438 shares of the industrial products company’s stock worth $680,729,000 after buying an additional 794,975 shares during the last quarter. 76.30% of the stock is owned by institutional investors.

Shares of Eaton Corporation, PLC (NYSE ETN) opened at 80.61 on Monday. The stock has a market capitalization of $36.06 billion, a PE ratio of 18.78 and a beta of 1.35. The company’s 50 day moving average price is $76.78 and its 200 day moving average price is $73.05. Eaton Corporation, PLC has a 12 month low of $59.07 and a 12 month high of $81.63.

Eaton Corporation, PLC (NYSE:ETN) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.70 billion. Eaton Corporation, PLC had a return on equity of 12.82% and a net margin of 9.86%. Eaton Corporation, PLC’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Equities analysts anticipate that Eaton Corporation, PLC will post $4.65 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on ETN shares. Credit Suisse Group reissued a “buy” rating on shares of Eaton Corporation, PLC in a report on Tuesday, March 28th. Zacks Investment Research raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Friday, May 26th. Longbow Research raised Eaton Corporation, PLC from a “neutral” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, April 4th. Citigroup Inc. boosted their price target on Eaton Corporation, PLC from $80.00 to $86.00 and gave the company a “buy” rating in a report on Monday, April 3rd. Finally, Argus reissued a “buy” rating and issued a $85.00 price target (up from $83.00) on shares of Eaton Corporation, PLC in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $78.54.

In related news, insider Uday Yadav sold 3,034 shares of Eaton Corporation, PLC stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $76.08, for a total transaction of $230,826.72. Following the completion of the transaction, the insider now directly owns 22,601 shares of the company’s stock, valued at $1,719,484.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard H. Fearon sold 25,000 shares of Eaton Corporation, PLC stock in a transaction on Friday, May 5th. The stock was sold at an average price of $76.24, for a total value of $1,906,000.00. Following the transaction, the insider now directly owns 236,497 shares of the company’s stock, valued at $18,030,531.28. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

About Eaton Corporation, PLC

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 Corporation, PLC (NYSE:ETN)

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