Eaton Corp. PLC (NYSE:ETN) Director Deborah L. Mccoy sold 6,504 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $66.34, for a total transaction of $431,475.36. Following the sale, the director now directly owns 51,440 shares of the company’s stock, valued at approximately $3,412,529.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Eaton Corp. PLC (NYSE:ETN) opened at 65.69 on Wednesday. Eaton Corp. PLC has a 52 week low of $46.19 and a 52 week high of $68.95. The company has a market capitalization of $29.67 billion, a price-to-earnings ratio of 15.52 and a beta of 1.36. The stock has a 50 day moving average of $64.06 and a 200-day moving average of $63.61.

Eaton Corp. PLC (NYSE:ETN) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.15. Eaton Corp. PLC had a net margin of 9.78% and a return on equity of 12.73%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the company earned $0.96 EPS. Eaton Corp. PLC’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Eaton Corp. PLC will post $4.20 EPS for the current year.

Insider Buying and Selling by Quarter for Eaton Corp. PLC (NYSE:ETN)

The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, November 7th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.28 annualized dividend and a yield of 3.47%. Eaton Corp. PLC’s dividend payout ratio (DPR) is presently 53.65%.

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A number of institutional investors have recently modified their holdings of ETN. Woodmont Investment Counsel LLC acquired a new position in shares of Eaton Corp. PLC during the third quarter valued at $108,000. Physicians Financial Services Inc. increased its position in shares of Eaton Corp. PLC by 111.7% in the second quarter. Physicians Financial Services Inc. now owns 1,706 shares of the company’s stock valued at $102,000 after buying an additional 900 shares during the period. Penserra Capital Management LLC increased its position in shares of Eaton Corp. PLC by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,800 shares of the company’s stock valued at $118,000 after buying an additional 900 shares during the period. Kistler Tiffany Companies LLC increased its position in shares of Eaton Corp. PLC by 2.8% in the second quarter. Kistler Tiffany Companies LLC now owns 1,809 shares of the company’s stock valued at $108,000 after buying an additional 49 shares during the period. Finally, Ropes Wealth Advisors LLC increased its position in shares of Eaton Corp. PLC by 1.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,863 shares of the company’s stock valued at $111,000 after buying an additional 22 shares during the period. Institutional investors own 73.34% of the company’s stock.

Several equities research analysts have weighed in on ETN shares. Barclays PLC increased their price target on shares of Eaton Corp. PLC from $67.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 3rd. Jefferies Group reaffirmed a “hold” rating on shares of Eaton Corp. PLC in a research report on Friday, August 5th. Argus raised shares of Eaton Corp. PLC from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, August 10th. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “hold” rating and issued a $65.00 target price on shares of Eaton Corp. PLC in a research report on Thursday, August 25th. Finally, HSBC started coverage on shares of Eaton Corp. PLC in a research report on Friday, October 7th. They issued a “buy” rating and a $74.00 target price for the company. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Eaton Corp. PLC presently has a consensus rating of “Hold” and a consensus target price of $64.37.

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.

5 Day Chart for NYSE:ETN

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