Today: Eaton Corp. PLC (ETN) Director Deborah L. Mccoy Sold 6,504 Shares

Today: Eaton Corp. PLC (ETN) Director Deborah L. Mccoy Sold 6,504 Shares

Eaton Corp. PLC (NYSE:ETN) Director Deborah L. Mccoy sold 6,504 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $66.34, for a total transaction of $431,475.36. Following the sale, the director now owns 51,440 shares in the company, valued at $3,412,529.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Eaton Corp. PLC (NYSE:ETN) traded down 0.45% during trading on Monday, hitting $66.51. The company’s stock had a trading volume of 144,771 shares. The company has a market capitalization of $30.04 billion, a P/E ratio of 15.72 and a beta of 1.36. Eaton Corp. PLC has a 1-year low of $46.19 and a 1-year high of $68.95. The firm’s 50 day moving average is $64.02 and its 200-day moving average is $63.54.

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

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Thursday, November 3rd. Eaton Corp. PLC’s dividend payout ratio (DPR) is presently 53.65%.

Several large investors have recently bought and sold shares of ETN. Panagora Asset Management Inc. increased its stake in Eaton Corp. PLC by 477.8% in the first quarter. Panagora Asset Management Inc. now owns 106,882 shares of the company’s stock worth $6,687,000 after buying an additional 88,383 shares during the period. Babson Capital Management LLC increased its stake in Eaton Corp. PLC by 244.0% in the first quarter. Babson Capital Management LLC now owns 20,020 shares of the company’s stock worth $1,252,000 after buying an additional 14,200 shares during the period. Euclid Advisors LLC purchased a new stake in Eaton Corp. PLC during the first quarter worth $1,593,000. First Republic Investment Management Inc. increased its stake in Eaton Corp. PLC by 79.4% in the first quarter. First Republic Investment Management Inc. now owns 76,612 shares of the company’s stock worth $4,793,000 after buying an additional 33,912 shares during the period. Finally, Summit Financial Wealth Advisors LLC increased its stake in Eaton Corp. PLC by 44.4% in the second quarter. Summit Financial Wealth Advisors LLC now owns 15,524 shares of the company’s stock worth $927,000 after buying an additional 4,775 shares during the period. 73.34% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on ETN shares. Royal Bank Of Canada cut their price target on Eaton Corp. PLC from $68.00 to $65.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 2nd. Barclays PLC boosted their target price on shares of Eaton Corp. PLC from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Jefferies Group reissued a “hold” rating on shares of Eaton Corp. PLC in a research note on Friday, August 5th. Argus raised 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 research note on Wednesday, August 10th. They noted that the move was a valuation call. Finally, RBC Capital Markets cut 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 research note 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $64.37.

About Eaton Corp. PLC

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