IFP Advisors Inc decreased its stake in Eaton Corporation, PLC (NYSE:ETN) by 10.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,687 shares of the industrial products company’s stock after selling 1,114 shares during the quarter. IFP Advisors Inc’s holdings in Eaton Corporation, PLC were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Eaton Corporation, PLC by 17.0% in the 1st quarter. Bank of America Corp DE now owns 6,407,605 shares of the industrial products company’s stock valued at $475,123,000 after purchasing an additional 932,400 shares during the period. Vanguard Group Inc. boosted its position in shares of Eaton Corporation, PLC by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 30,348,561 shares of the industrial products company’s stock valued at $2,250,347,000 after purchasing an additional 695,285 shares during the period. Lazard Asset Management LLC boosted its position in shares of Eaton Corporation, PLC by 8.2% in the 1st quarter. Lazard Asset Management LLC now owns 5,849,259 shares of the industrial products company’s stock valued at $433,722,000 after purchasing an additional 443,090 shares during the period. Matrix Asset Advisors Inc. NY boosted its position in shares of Eaton Corporation, PLC by 0.5% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 312,454 shares of the industrial products company’s stock valued at $24,318,000 after purchasing an additional 1,455 shares during the period. Finally, UBS Group AG boosted its position in shares of Eaton Corporation, PLC by 1.6% in the 1st quarter. UBS Group AG now owns 1,810,784 shares of the industrial products company’s stock valued at $134,270,000 after purchasing an additional 28,426 shares during the period. Institutional investors and hedge funds own 76.03% of the company’s stock.

In related news, Director Deborah L. Mccoy sold 6,450 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $73.17, for a total transaction of $471,946.50. Following the completion of the transaction, the director now owns 46,386 shares in the company, valued at approximately $3,394,063.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by company insiders.

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ETN has been the subject of several research analyst reports. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Eaton Corporation, PLC in a research note on Tuesday, October 31st. Citigroup Inc. increased their price objective on Eaton Corporation, PLC from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Buckingham Research initiated coverage on Eaton Corporation, PLC in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $82.00 price objective for the company. BidaskClub downgraded Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $78.00 price objective on shares of Eaton Corporation, PLC in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $82.86.

Shares of Eaton Corporation, PLC (NYSE ETN) opened at $78.10 on Friday. The firm has a market capitalization of $34,410.86, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.92 and a beta of 1.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.43 and a quick ratio of 0.81.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, November 2nd. This represents a $2.40 annualized dividend and a dividend yield of 3.07%. Eaton Corporation, PLC’s dividend payout ratio (DPR) is presently 37.68%.

Eaton Corporation, PLC 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.

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Institutional Ownership by Quarter for Eaton Corporation, PLC (NYSE:ETN)

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