Eaton Corporation, PLC (NYSE:ETN) insider Revathi Advaithi sold 23,743 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $78.36, for a total transaction of $1,860,501.48. Following the completion of the transaction, the insider now directly owns 31,028 shares of the company’s stock, valued at approximately $2,431,354.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Eaton Corporation, PLC (NYSE ETN) traded up $0.06 on Monday, hitting $77.92. The company had a trading volume of 1,380,300 shares, compared to its average volume of 2,335,798. Eaton Corporation, PLC has a 12 month low of $63.94 and a 12 month high of $82.34. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 0.44. The company has a market cap of $34,331.55, a PE ratio of 17.39, a P/E/G ratio of 1.92 and a beta of 1.39.

Eaton Corporation, PLC (NYSE:ETN) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $5.12 billion. During the same period last year, the business earned $1.16 EPS. Eaton Corporation, PLC’s quarterly revenue was up 6.4% compared to the same quarter last year. analysts anticipate that Eaton Corporation, PLC will post 4.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, November 2nd. Eaton Corporation, PLC’s dividend payout ratio is currently 37.68%.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. InterOcean Capital LLC bought a new position in shares of Eaton Corporation, PLC in the 3rd quarter worth $240,000. Commonwealth Bank of Australia lifted its holdings in shares of Eaton Corporation, PLC by 1.9% in the 3rd quarter. Commonwealth Bank of Australia now owns 53,259 shares of the industrial products company’s stock worth $4,084,000 after purchasing an additional 988 shares in the last quarter. Zeke Capital Advisors LLC lifted its holdings in shares of Eaton Corporation, PLC by 111.6% in the 3rd quarter. Zeke Capital Advisors LLC now owns 6,810 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 3,591 shares in the last quarter. Edge Advisors LLC lifted its holdings in shares of Eaton Corporation, PLC by 8.1% in the 3rd quarter. Edge Advisors LLC now owns 133,978 shares of the industrial products company’s stock worth $10,287,000 after purchasing an additional 10,085 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Eaton Corporation, PLC by 14.7% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 90,697 shares of the industrial products company’s stock worth $6,965,000 after purchasing an additional 11,655 shares in the last quarter. Institutional investors own 77.01% of the company’s stock.

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

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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