Dorothy C. Thompson Sells 285 Shares of Eaton Co. plc (NYSE:ETN) Stock

Eaton Co. plc (NYSE:ETN) Director Dorothy C. Thompson sold 285 shares of Eaton stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $289.51, for a total value of $82,510.35. Following the completion of the transaction, the director now owns 516 shares in the company, valued at $149,387.16. This trade represents a 35.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Eaton Stock Up 0.4 %

Shares of NYSE ETN opened at $346.54 on Friday. The firm has a market cap of $136.95 billion, a price-to-earnings ratio of 36.87, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. The company’s 50-day simple moving average is $354.73 and its 200-day simple moving average is $329.53. 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 52-week low of $236.20 and a 52-week high of $379.99.

Eaton (NYSE:ETN) last released its earnings results 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. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the business posted $2.47 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that Eaton Co. plc will post 10.8 EPS for the current fiscal year.

Eaton Announces Dividend

The business also recently announced 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. This represents a $3.76 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, November 4th. Eaton’s dividend payout ratio is currently 40.00%.

Institutional Investors Weigh In On Eaton

Hedge funds and other institutional investors have recently bought and sold shares of the company. Veracity Capital LLC increased its position in shares of Eaton by 26.3% during the 4th quarter. Veracity Capital LLC now owns 956 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 199 shares during the last quarter. Secure Asset Management LLC lifted its stake in Eaton by 6.8% during the fourth quarter. Secure Asset Management LLC now owns 2,933 shares of the industrial products company’s stock worth $973,000 after purchasing an additional 188 shares in the last quarter. Red Door Wealth Management LLC boosted its position in shares of Eaton by 2.9% during the fourth quarter. Red Door Wealth Management LLC now owns 1,627 shares of the industrial products company’s stock worth $540,000 after buying an additional 46 shares during the period. Capital Planning Advisors LLC acquired a new stake in shares of Eaton in the fourth quarter valued at $1,205,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Eaton by 7.7% in the 4th quarter. Avior Wealth Management LLC now owns 2,793 shares of the industrial products company’s stock valued at $927,000 after buying an additional 199 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ETN. Jefferies Financial Group increased their price target on Eaton from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup lowered their target price on shares of Eaton from $440.00 to $410.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group initiated coverage on shares of Eaton in a research note on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target on the stock. Royal Bank of Canada lifted their price objective on shares of Eaton from $374.00 to $392.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Eaton from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $368.89.

About Eaton

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.