Eaton Corporation, PLC (NYSE:ETN) insider Curtis J. Hutchins sold 14,360 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $2,084,062.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Eaton Corporation, PLC (ETN) opened at $76.41 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 0.44. Eaton Corporation, PLC has a twelve month low of $66.60 and a twelve month high of $82.34. The company has a market cap of $34,234.62, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.00 and a beta of 1.38.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 EPS for the quarter, hitting the consensus estimate of $1.25. Eaton had a net margin of 14.21% and a return on equity of 12.89%. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. equities analysts forecast that Eaton Corporation, PLC will post 4.6 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of ETN. Cable Hill Partners LLC boosted its holdings in shares of Eaton by 174.8% in the 3rd quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after buying an additional 867 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of Eaton in the 3rd quarter valued at $130,000. Captrust Financial Advisors acquired a new position in shares of Eaton in the 2nd quarter valued at $133,000. Harfst & Associates Inc. boosted its holdings in shares of Eaton by 21.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,798 shares of the industrial products company’s stock valued at $139,000 after buying an additional 322 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its holdings in shares of Eaton by 325.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 76.65% of the company’s stock.

ETN has been the subject of a number of research reports. Citigroup lifted their price objective on shares of Eaton from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Credit Suisse Group restated an “outperform” rating and issued a $92.00 price objective (up previously from $86.00) on shares of Eaton in a report on Wednesday, November 1st. Buckingham Research initiated coverage on shares of Eaton in a report on Tuesday, October 17th. They issued a “neutral” rating and a $82.00 price objective for the company. Oppenheimer restated a “hold” rating on shares of Eaton in a report on Tuesday, October 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $85.00 price objective on shares of Eaton in a report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $82.86.

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Eaton 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 (NYSE:ETN)

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