Eaton Corporation, PLC (NYSE:ETN) insider Revathi Advaithi sold 23,743 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $78.36, for a total value of $1,860,501.48. Following the completion of the transaction, the insider now directly owns 31,028 shares of the company’s stock, valued at approximately $2,431,354.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Eaton Corporation, PLC (ETN) opened at $76.89 on Wednesday. The stock has a market capitalization of $34,340.37, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.92 and a beta of 1.39. Eaton Corporation, PLC has a twelve month low of $63.94 and a twelve month high of $82.34. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 0.44.

Eaton Corporation, PLC (NYSE:ETN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.25. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Eaton Corporation, PLC had a return on equity of 12.89% and a net margin of 14.21%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 EPS. sell-side analysts anticipate that Eaton Corporation, PLC will post 4.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 2nd. Eaton Corporation, PLC’s payout ratio is 37.68%.

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Several institutional investors have recently bought and sold shares of the business. Cable Hill Partners LLC lifted its holdings in shares of Eaton Corporation, PLC by 174.8% in the 3rd quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 867 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Eaton Corporation, PLC in the 2nd quarter worth $133,000. Harfst & Associates Inc. lifted its holdings in shares of Eaton Corporation, PLC by 21.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,798 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 322 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Eaton Corporation, PLC by 325.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Cambridge Trust Co. bought a new position in shares of Eaton Corporation, PLC in the 1st quarter worth $200,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Several research analysts have recently issued reports on the company. BidaskClub downgraded Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. ValuEngine raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. J P Morgan Chase & Co downgraded Eaton Corporation, PLC from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $73.00 to $70.00 in a research note on Thursday, August 17th. Jefferies Group LLC upped their price objective on Eaton Corporation, PLC from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $82.00 price objective on shares of Eaton Corporation, PLC in a research note on Thursday, October 12th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Eaton Corporation, PLC currently has a consensus rating of “Hold” and a consensus price target of $82.86.

About Eaton Corporation, PLC

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)

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