Eaton Co. plc (NYSE:ETN) Director Gregory R. Page Sells 10,000 Shares

Eaton Co. plc (NYSE:ETN - Get Free Report) Director Gregory R. Page sold 10,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $355.98, for a total value of $3,559,800.00. Following the completion of the transaction, the director now directly owns 43,203 shares in the company, valued at $15,379,403.94. This represents a 18.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Eaton Stock Down 2.3 %

Shares of NYSE:ETN traded down $8.20 during midday trading on Tuesday, hitting $346.95. The stock had a trading volume of 2,562,509 shares, compared to its average volume of 2,082,008. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.45. Eaton Co. plc has a 12 month low of $231.84 and a 12 month high of $379.99. The business's 50-day simple moving average is $356.20 and its 200-day simple moving average is $326.73. The company has a market cap of $137.11 billion, a P/E ratio of 36.95, a PEG ratio of 2.74 and a beta of 1.03.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.37 billion. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 EPS. On average, sell-side analysts forecast that Eaton Co. plc will post 10.8 earnings per share for the current fiscal year.

Eaton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 4th were issued a dividend of $0.94 per share. The ex-dividend date was Monday, November 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.08%. Eaton's dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analysts Forecast Growth

ETN has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Eaton from $350.00 to $410.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Sanford C. Bernstein initiated coverage on Eaton in a research report on Tuesday, November 5th. They set an "outperform" rating and a $382.00 price objective for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $374.00 price objective on shares of Eaton in a research report on Friday, November 1st. Morgan Stanley assumed coverage on shares of Eaton in a research report on Friday, September 6th. They issued an "overweight" rating and a $370.00 target price for the company. Finally, Mizuho boosted their price target on shares of Eaton from $365.00 to $385.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Eaton currently has a consensus rating of "Moderate Buy" and an average price target of $367.83.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Eaton by 253.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,273,685 shares of the industrial products company's stock worth $753,590,000 after purchasing an additional 1,629,856 shares during the period. International Assets Investment Management LLC increased its holdings in Eaton by 27,075.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,073,976 shares of the industrial products company's stock worth $355,959,000 after purchasing an additional 1,070,024 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Eaton by 32.8% during the 3rd quarter. Janus Henderson Group PLC now owns 2,419,200 shares of the industrial products company's stock worth $801,798,000 after acquiring an additional 597,700 shares during the last quarter. Wulff Hansen & CO. grew its position in Eaton by 31,255.0% in the 2nd quarter. Wulff Hansen & CO. now owns 478,164 shares of the industrial products company's stock worth $149,928,000 after purchasing an additional 476,639 shares in the last quarter. Finally, Electron Capital Partners LLC increased its position in shares of Eaton by 8,348.9% during the second quarter. Electron Capital Partners LLC now owns 446,524 shares of the industrial products company's stock valued at $140,008,000 after acquiring an additional 441,239 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.

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