Insider Selling: Eaton Co., PLC (ETN) Insider Sells 3,034 Shares of Stock

Eaton Co., PLC (NYSE:ETN) insider Uday Yadav sold 3,034 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $76.08, for a total value of $230,826.72. Following the sale, the insider now owns 22,601 shares in the company, valued at approximately $1,719,484.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Eaton Co., PLC (NYSE:ETN) traded up 2.55% on Friday, reaching $78.01. The company had a trading volume of 3,142,555 shares. The firm has a market capitalization of $34.89 billion, a price-to-earnings ratio of 18.17 and a beta of 1.32. The company’s 50 day moving average is $75.66 and its 200-day moving average is $70.80. Eaton Co., PLC has a one year low of $54.30 and a one year high of $79.31.

Eaton Co., PLC (NYSE:ETN) last issued its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.70 billion. Eaton Co., PLC had a net margin of 9.73% and a return on equity of 12.56%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. On average, equities research analysts expect that Eaton Co., PLC will post $4.64 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Eaton Co., PLC (NYSE:ETN)

The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 5th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $2.40 annualized dividend and a yield of 3.08%. Eaton Co., PLC’s payout ratio is 54.03%.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Eaton Co., PLC (ETN) Insider Sells 3,034 Shares of Stock” was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/05/20/uday-yadav-sells-3034-shares-of-eaton-co-plc-etn-stock-updated.html.

ETN has been the topic of a number of analyst reports. Zacks Investment Research upgraded Eaton Co., PLC from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Tuesday, February 21st. Credit Suisse Group AG reiterated a “buy” rating on shares of Eaton Co., PLC in a research report on Sunday, February 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $73.00 price target on shares of Eaton Co., PLC in a research report on Sunday, March 12th. JPMorgan Chase & Co. lowered Eaton Co., PLC from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $75.00 to $70.00 in a research report on Friday, February 3rd. Finally, Avondale Partners started coverage on Eaton Co., PLC in a research note on Wednesday, February 1st. They issued a “market perform” rating and a $72.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.15.

A number of institutional investors have recently modified their holdings of the stock. Guardian Life Insurance Co. of America increased its position in shares of Eaton Co., PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after buying an additional 12 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of Eaton Co., PLC by 0.3% in the first quarter. Koshinski Asset Management Inc. now owns 5,723 shares of the industrial products company’s stock valued at $424,000 after buying an additional 17 shares during the last quarter. Dynamic Advisors Solutions LLC increased its position in shares of Eaton Co., PLC by 0.5% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,937 shares of the industrial products company’s stock valued at $366,000 after buying an additional 23 shares during the last quarter. Dubuque Bank & Trust Co. increased its position in shares of Eaton Co., PLC by 1.1% in the first quarter. Dubuque Bank & Trust Co. now owns 2,238 shares of the industrial products company’s stock valued at $166,000 after buying an additional 24 shares during the last quarter. Finally, Haverford Financial Services Inc. increased its position in shares of Eaton Co., PLC by 0.7% in the first quarter. Haverford Financial Services Inc. now owns 4,549 shares of the industrial products company’s stock valued at $337,000 after buying an additional 30 shares during the last quarter. Institutional investors own 73.55% of the company’s stock.

Eaton Co., 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.

12 Month Chart for NYSE:ETN

Receive News & Ratings for Eaton Co. PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Co. PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply