Xact Kapitalforvaltning AB boosted its position in Eaton Corporation, PLC (NYSE:ETN) by 35.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,006 shares of the industrial products company’s stock after buying an additional 25,547 shares during the period. Xact Kapitalforvaltning AB’s holdings in Eaton Corporation, PLC were worth $7,628,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ETN. Guardian Life Insurance Co. of America boosted its stake in shares of Eaton Corporation, PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock worth $129,000 after buying an additional 12 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Eaton Corporation, PLC by 0.3% in the first quarter. Koshinski Asset Management Inc. now owns 5,723 shares of the industrial products company’s stock worth $424,000 after buying an additional 17 shares during the last quarter. Dynamic Advisors Solutions LLC increased its stake in Eaton Corporation, PLC by 0.5% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,937 shares of the industrial products company’s stock worth $366,000 after buying an additional 23 shares during the last quarter. Dubuque Bank & Trust Co. increased its stake in Eaton Corporation, PLC by 1.1% in the first quarter. Dubuque Bank & Trust Co. now owns 2,238 shares of the industrial products company’s stock worth $166,000 after buying an additional 24 shares during the last quarter. Finally, Haverford Financial Services Inc. increased its stake in Eaton Corporation, PLC by 0.7% in the first quarter. Haverford Financial Services Inc. now owns 4,549 shares of the industrial products company’s stock worth $337,000 after buying an additional 30 shares during the last quarter. Institutional investors own 76.30% of the company’s stock.

Eaton Corporation, PLC (NYSE ETN) opened at 79.56 on Friday. Eaton Corporation, PLC has a 52-week low of $59.07 and a 52-week high of $81.63. The company has a market cap of $35.59 billion, a PE ratio of 18.53 and a beta of 1.35. The stock’s 50 day moving average is $77.76 and its 200-day moving average is $74.22.

Eaton Corporation, PLC (NYSE:ETN) last announced its earnings results on Tuesday, May 2nd. The industrial products company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.70 billion. Eaton Corporation, PLC had a net margin of 9.86% and a return on equity of 12.82%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. Equities research analysts predict that Eaton Corporation, PLC will post $4.66 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $78.00 price target on shares of Eaton Corporation, PLC in a research report on Wednesday, July 12th. Wolfe Research assumed coverage on shares of Eaton Corporation, PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $80.00 price target on shares of Eaton Corporation, PLC in a research report on Friday, July 7th. Zacks Investment Research upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, July 5th. Finally, JMP Securities assumed coverage on shares of Eaton Corporation, PLC in a research report on Monday, June 19th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $78.54.

In related news, insider Richard H. Fearon sold 25,000 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $76.24, for a total transaction of $1,906,000.00. Following the sale, the insider now owns 236,497 shares of the company’s stock, valued at $18,030,531.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Uday Yadav sold 3,034 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $76.08, for a total transaction of $230,826.72. Following the sale, the insider now directly owns 22,601 shares in the company, valued at approximately $1,719,484.08. 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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