Eaton Co. plc (NYSE:ETN) Director Dorothy C. Thompson Sells 285 Shares

Eaton Co. plc (NYSE:ETN) Director Dorothy C. Thompson sold 285 shares of Eaton stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $289.51, for a total value of $82,510.35. Following the sale, the director now directly owns 516 shares in the company, valued at approximately $149,387.16. The trade was a 35.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Eaton Stock Performance

ETN stock opened at $346.54 on Monday. The stock’s fifty day moving average is $354.32 and its two-hundred day moving average is $329.89. The stock has a market capitalization of $136.95 billion, a price-to-earnings ratio of 36.87, a PEG ratio of 2.27 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53. Eaton Co. plc has a 1 year low of $236.20 and a 1 year high of $379.99.

Eaton (NYSE:ETN) last posted its earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. Eaton had a net margin of 15.32% and a return on equity of 21.97%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the business posted $2.47 EPS. Eaton’s revenue was up 7.9% on a year-over-year basis. On average, research analysts predict that Eaton Co. plc will post 10.8 EPS for the current year.

Eaton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 4th were given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Monday, November 4th. Eaton’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ETN. Royal Bank of Canada lifted their price objective on Eaton from $374.00 to $392.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. UBS Group started coverage on shares of Eaton in a report on Wednesday, November 13th. They issued a “buy” rating and a $431.00 price target on the stock. Evercore ISI lowered shares of Eaton from an “outperform” rating to an “inline” rating and raised their price objective for the stock from $333.00 to $389.00 in a report on Wednesday, November 13th. Mizuho upped their target price on shares of Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein started coverage on Eaton in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $382.00 price target for the company. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Eaton has a consensus rating of “Moderate Buy” and a consensus price target of $368.89.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Veracity Capital LLC raised its stake in shares of Eaton by 26.3% during the fourth quarter. Veracity Capital LLC now owns 956 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 199 shares in the last quarter. Secure Asset Management LLC lifted its stake in shares of Eaton by 6.8% in the 4th quarter. Secure Asset Management LLC now owns 2,933 shares of the industrial products company’s stock worth $973,000 after acquiring an additional 188 shares during the period. Red Door Wealth Management LLC boosted its holdings in shares of Eaton by 2.9% in the fourth quarter. Red Door Wealth Management LLC now owns 1,627 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 46 shares in the last quarter. Capital Planning Advisors LLC acquired a new position in shares of Eaton during the fourth quarter valued at approximately $1,205,000. Finally, Avior Wealth Management LLC raised its holdings in Eaton by 7.7% during the fourth quarter. Avior Wealth Management LLC now owns 2,793 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 199 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.