Eaton Corporation, PLC (ETN) Insider Sells $1,860,501.48 in Stock

Eaton Corporation, PLC (NYSE:ETN) insider Revathi Advaithi sold 23,743 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $78.36, for a total value of $1,860,501.48. Following the completion of the sale, the insider now owns 31,028 shares in the company, valued at approximately $2,431,354.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Eaton Corporation, PLC (ETN) opened at $75.87 on Thursday. Eaton Corporation, PLC has a 12-month low of $63.94 and a 12-month high of $82.34. The firm has a market capitalization of $33,877.73, a PE ratio of 17.16, a P/E/G ratio of 1.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.43.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, November 2nd. Eaton Corporation, PLC’s payout ratio is currently 37.68%.

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A number of analysts have weighed in on ETN shares. Morgan Stanley reiterated an “overweight” rating and issued a $88.00 target price (up previously from $87.00) on shares of Eaton Corporation, PLC in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 target price on shares of Eaton Corporation, PLC in a research note on Thursday, October 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 target price on shares of Eaton Corporation, PLC in a research note on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $92.00 target price (up previously from $86.00) on shares of Eaton Corporation, PLC in a research note on Wednesday, November 1st. Finally, BidaskClub lowered Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.86.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cable Hill Partners LLC boosted its holdings in Eaton Corporation, PLC by 174.8% in the third 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 Eaton Corporation, PLC in the third quarter worth about $130,000. Captrust Financial Advisors acquired a new stake in Eaton Corporation, PLC in the second quarter worth about $133,000. Harfst & Associates Inc. boosted its holdings in Eaton Corporation, PLC by 21.8% in the second 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. Finally, Acrospire Investment Management LLC boosted its holdings in Eaton Corporation, PLC by 325.9% in the second quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 1,600 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Eaton Corporation, 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.

Insider Buying and Selling by Quarter for Eaton Corporation, PLC (NYSE:ETN)

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