Eaton Corporation, PLC (NYSE:ETN) Director Deborah L. Mccoy sold 6,450 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $73.17, for a total transaction of $471,946.50. Following the completion of the transaction, the director now owns 46,386 shares in the company, valued at approximately $3,394,063.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Eaton Corporation, PLC (NYSE ETN) traded up 1.629% on Tuesday, hitting $74.545. 2,166,774 shares of the company were exchanged. Eaton Corporation, PLC has a 52 week low of $59.07 and a 52 week high of $81.63. The company has a market capitalization of $33.16 billion, a price-to-earnings ratio of 17.090 and a beta of 1.36. The stock has a 50 day moving average of $73.21 and a 200 day moving average of $75.16.

Eaton Corporation, PLC (NYSE:ETN) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.01). Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the business earned $1.07 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. Analysts predict that Eaton Corporation, PLC will post $4.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Wednesday, August 2nd. Eaton Corporation, PLC’s payout ratio is 54.79%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/12/deborah-l-mccoy-sells-6450-shares-of-eaton-corporation-plc-etn-stock.html.

A number of hedge funds have recently made changes to their positions in ETN. Massmutual Trust Co. FSB ADV lifted its stake in Eaton Corporation, PLC by 9.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,402 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 120 shares during the period. Harfst & Associates Inc. purchased a new stake in Eaton Corporation, PLC in the first quarter worth $109,000. Guardian Life Insurance Co. of America lifted its stake in Eaton Corporation, PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 12 shares during the period. Captrust Financial Advisors purchased a new stake in Eaton Corporation, PLC in the second quarter worth $133,000. Finally, Citizens Financial Group Inc. RI lifted its stake in Eaton Corporation, PLC by 168.8% in the first quarter. Citizens Financial Group Inc. RI now owns 2,059 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 1,293 shares during the period. 75.86% of the stock is owned by institutional investors.

ETN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, June 5th. JMP Securities initiated coverage on shares of Eaton Corporation, PLC in a research report on Monday, June 19th. They issued a “market perform” rating on the stock. Argus restated a “buy” rating and issued a $85.00 price target (up previously from $83.00) on shares of Eaton Corporation, PLC in a research report on Tuesday, May 30th. Jefferies Group LLC restated a “hold” rating and issued a $75.00 price target on shares of Eaton Corporation, PLC in a research report on Thursday, August 24th. Finally, ValuEngine upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $79.67.

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)

Receive News & Stock Ratings for Eaton Corporation PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Corporation PLC and related stocks with our FREE daily email newsletter.