Eaton Co. plc (NYSE:ETN) Insider Ernest W. Marshall, Jr. Sells 1,412 Shares of Stock

Eaton Co. plc (NYSE:ETN) insider Ernest W. Marshall, Jr. sold 1,412 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $378.58, for a total transaction of $534,554.96. Following the sale, the insider now directly owns 31,200 shares in the company, valued at $11,811,696. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Eaton Price Performance

ETN stock opened at $377.23 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $149.08 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.99 and a beta of 1.01. Eaton Co. plc has a 12-month low of $224.52 and a 12-month high of $379.99. The firm’s 50-day moving average price is $345.46 and its two-hundred day moving average price is $323.55.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the company earned $2.47 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Eaton Co. plc will post 10.8 earnings per share for the current year.

Eaton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 4th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, November 4th. Eaton’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ETN. Morgan Stanley initiated coverage on shares of Eaton in a report on Friday, September 6th. They issued an “overweight” rating and a $370.00 price target on the stock. UBS Group started coverage on Eaton in a research report on Wednesday, November 13th. They set a “buy” rating and a $431.00 price target for the company. Mizuho raised their target price on shares of Eaton from $365.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their target price on shares of Eaton from $315.00 to $342.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Sanford C. Bernstein assumed coverage on shares of Eaton in a research report on Tuesday, November 5th. They set an “outperform” rating and a $382.00 price objective on the stock. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Eaton presently has a consensus rating of “Moderate Buy” and an average target price of $357.83.

Institutional Trading of Eaton

Several institutional investors and hedge funds have recently bought and sold shares of ETN. Peapack Gladstone Financial Corp lifted its stake in shares of Eaton by 0.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 15,621 shares of the industrial products company’s stock valued at $5,177,000 after purchasing an additional 71 shares during the period. Synovus Financial Corp boosted its holdings in shares of Eaton by 3.2% during the 3rd quarter. Synovus Financial Corp now owns 42,032 shares of the industrial products company’s stock valued at $13,931,000 after buying an additional 1,309 shares in the last quarter. Castellan Group grew its position in shares of Eaton by 6.2% in the 3rd quarter. Castellan Group now owns 8,898 shares of the industrial products company’s stock worth $2,949,000 after buying an additional 522 shares during the period. Tidal Investments LLC lifted its position in Eaton by 68.4% during the 3rd quarter. Tidal Investments LLC now owns 29,722 shares of the industrial products company’s stock valued at $9,851,000 after acquiring an additional 12,069 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Eaton during the third quarter worth about $4,913,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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.