Eaton Corporation, PLC (NYSE:ETN) insider Curtis J. Hutchins sold 14,360 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $78.36, for a total transaction of $1,125,249.60. Following the completion of the sale, the insider now directly owns 26,596 shares of the company’s stock, valued at approximately $2,084,062.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Eaton Corporation, PLC (NYSE ETN) traded down $1.29 during mid-day trading on Monday, reaching $76.41. The company had a trading volume of 2,326,139 shares, compared to its average volume of 2,310,534. The firm has a market capitalization of $34,234.62, a P/E ratio of 17.34, a PEG ratio of 2.00 and a beta of 1.38. Eaton Corporation, PLC has a fifty-two week low of $66.60 and a fifty-two week high of $82.34. 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 (NYSE:ETN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.25. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.12 billion. Eaton had a return on equity of 12.89% and a net margin of 14.21%. Eaton’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. analysts anticipate that Eaton Corporation, PLC will post 4.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, November 2nd. Eaton’s payout ratio is 37.68%.

A number of brokerages have recently issued reports on ETN. Stifel Nicolaus reissued a “hold” rating and issued a $85.00 target price on shares of Eaton in a research report on Friday, November 3rd. Citigroup boosted their target price on shares of Eaton from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group boosted their price target on Eaton from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $92.00 price target (up previously from $86.00) on shares of Eaton in a research note on Wednesday, November 1st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Eaton in a research note on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $82.86.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cable Hill Partners LLC raised its stake in Eaton by 174.8% during 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 position in Eaton during the third quarter worth about $130,000. Captrust Financial Advisors acquired a new position in Eaton during the second quarter worth about $133,000. Harfst & Associates Inc. raised its stake in Eaton by 21.8% during 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 raised its stake in Eaton by 325.9% during 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. 76.65% of the stock is owned by hedge funds and other institutional investors.

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About Eaton

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 (NYSE:ETN)

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