Today, 27 Shares of Eaton Corp. PLC (ETN) are sold by Ingalls & Snyder LLC

Today, 27 Shares of Eaton Corp. PLC (ETN) are sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC cut its position in Eaton Corp. PLC (NYSE:ETN) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,780 shares of the company’s stock after selling 27 shares during the period. Ingalls & Snyder LLC’s holdings in Eaton Corp. PLC were worth $971,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Community Bank N.A. boosted its position in shares of Eaton Corp. PLC by 0.8% in the third quarter. Community Bank N.A. now owns 2,150 shares of the company’s stock worth $141,000 after buying an additional 17 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of Eaton Corp. PLC by 1.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,863 shares of the company’s stock worth $111,000 after buying an additional 22 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its position in shares of Eaton Corp. PLC by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 7,130 shares of the company’s stock worth $426,000 after buying an additional 30 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of Eaton Corp. PLC by 2.8% in the second quarter. Kistler Tiffany Companies LLC now owns 1,809 shares of the company’s stock worth $108,000 after buying an additional 49 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its position in shares of Eaton Corp. PLC by 0.4% in the second quarter. Canandaigua National Bank & Trust Co. now owns 12,033 shares of the company’s stock worth $719,000 after buying an additional 50 shares during the last quarter. 74.34% of the stock is owned by institutional investors and hedge funds.

Shares of Eaton Corp. PLC (NYSE:ETN) traded up 0.48% on Friday, hitting $66.81. 917,089 shares of the stock were exchanged. The stock has a market cap of $30.18 billion, a PE ratio of 15.79 and a beta of 1.36. The company’s 50 day moving average is $64.03 and its 200-day moving average is $63.50. Eaton Corp. PLC has a 52-week low of $46.19 and a 52-week high of $68.95.

Eaton Corp. PLC (NYSE:ETN) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.15. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Eaton Corp. PLC had a net margin of 9.78% and a return on equity of 12.73%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. Analysts predict that Eaton Corp. PLC will post $4.20 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.28 annualized dividend and a dividend yield of 3.43%. Eaton Corp. PLC’s dividend payout ratio is presently 53.65%.

ETN has been the subject of several analyst reports. Royal Bank Of Canada lowered their target price on shares of Eaton Corp. PLC from $68.00 to $65.00 and set a “sector perform” rating for the company in a report on Wednesday, November 2nd. Barclays PLC raised their target price on shares of Eaton Corp. PLC from $67.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 3rd. Jefferies Group restated a “hold” rating on shares of Eaton Corp. PLC in a report on Friday, August 5th. Argus upgraded shares of Eaton Corp. PLC from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, August 10th. They noted that the move was a valuation call. Finally, RBC Capital Markets lowered their target price on shares of Eaton Corp. PLC from $68.00 to $65.00 and set a “sector perform” rating for the company in a report on Wednesday, November 2nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Eaton Corp. PLC has an average rating of “Hold” and a consensus price target of $64.37.

In other news, Director Christopher M. Connor sold 6,504 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $65.59, for a total transaction of $426,597.36. Following the sale, the director now owns 20,154 shares of the company’s stock, valued at $1,321,900.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Golden sold 14,626 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $67.96, for a total transaction of $993,982.96. Following the sale, the director now directly owns 15,964 shares in the company, valued at approximately $1,084,913.44. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Eaton Corp. 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.

Related posts

Leave a Comment