Eaton Corporation, PLC (NYSE:ETN) Director Charles E. Golden sold 4,311 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $76.03, for a total transaction of $327,765.33. Following the completion of the transaction, the director now directly owns 20,275 shares in the company, valued at approximately $1,541,508.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Eaton Corporation, PLC (NYSE:ETN) opened at $75.92 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.44. Eaton Corporation, PLC has a one year low of $65.35 and a one year high of $82.34. The firm has a market cap of $33,582.53, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.96 and a beta of 1.39.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.16%. Eaton Corporation, PLC’s dividend payout ratio (DPR) is presently 37.68%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cable Hill Partners LLC raised its holdings in shares of Eaton Corporation, PLC by 174.8% in the third quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 867 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Eaton Corporation, PLC in the third quarter valued at approximately $130,000. Captrust Financial Advisors acquired a new stake in shares of Eaton Corporation, PLC in the second quarter valued at approximately $133,000. Harfst & Associates Inc. raised its holdings in shares of Eaton Corporation, PLC by 21.8% in the second quarter. Harfst & Associates Inc. now owns 1,798 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 322 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in shares of Eaton Corporation, PLC by 325.9% in the second quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 76.76% of the company’s stock.

Several research analysts have recently issued reports on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $92.00 target price (up previously from $86.00) on shares of Eaton Corporation, PLC in a research note on Wednesday, November 1st. Jefferies Group LLC raised their target price on shares of Eaton Corporation, PLC from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Citigroup Inc. raised their target price on shares of Eaton Corporation, PLC from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Eaton Corporation, PLC in a research note on Tuesday, October 31st. Finally, Buckingham Research initiated coverage on shares of Eaton Corporation, PLC in a research note on Tuesday, October 17th. They set a “neutral” rating and a $82.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Eaton Corporation, PLC presently has an average rating of “Hold” and a consensus target price of $82.86.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/eaton-corporation-plc-etn-director-sells-327765-33-in-stock/1725546.html.

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 & 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 companies with Analyst Ratings Network's FREE daily email newsletter.