Eaton Corp. PLC (NYSE:ETN) shares saw unusually-strong trading volume on Thursday . Approximately 2,239,400 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 2,783,246 shares.The stock last traded at $63.88 and had previously closed at $63.87.

Several equities analysts recently weighed in on ETN shares. Morgan Stanley increased their price target on shares of Eaton Corp. PLC from $63.00 to $68.00 in a report on Thursday, April 7th. Credit Suisse Group AG reiterated a “buy” rating on shares of Eaton Corp. PLC in a report on Saturday, July 9th. Zacks Investment Research upgraded shares of Eaton Corp. PLC from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, May 2nd. Deutsche Bank AG reiterated a “hold” rating on shares of Eaton Corp. PLC in a report on Sunday, April 17th. Finally, Argus reiterated a “hold” rating on shares of Eaton Corp. PLC in a report on Wednesday, May 11th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the stock. Eaton Corp. PLC presently has an average rating of “Hold” and a consensus target price of $61.06.

The company has a market cap of $29.23 billion and a price-to-earnings ratio of 15.48. The company has a 50-day moving average of $61.19 and a 200-day moving average of $58.53.

Eaton Corp. PLC (NYSE:ETN) last announced its quarterly earnings data on Friday, April 29th. The company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.77 billion. The company’s revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. Equities research analysts expect that Eaton Corp. PLC will post $4.27 earnings per share for the current year.

In related news, insider Mark M. Mcguire sold 18,751 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $63.04, for a total transaction of $1,182,063.04. Following the transaction, the insider now owns 32,168 shares of the company’s stock, valued at $2,027,870.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander M. Cutler sold 138,762 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $62.33, for a total value of $8,649,035.46. Following the transaction, the insider now directly owns 635,939 shares in the company, valued at approximately $39,638,077.87. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Sei Investments Co. raised its position in shares of Eaton Corp. PLC by 71.6% in the fourth quarter. Sei Investments Co. now owns 111,866 shares of the company’s stock worth $5,822,000 after buying an additional 46,690 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Eaton Corp. PLC by 63.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 29,508 shares of the company’s stock worth $1,536,000 after buying an additional 11,460 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Eaton Corp. PLC by 6.2% in the fourth quarter. ProShare Advisors LLC now owns 67,134 shares of the company’s stock worth $3,494,000 after buying an additional 3,909 shares in the last quarter. Winton Capital Group Ltd raised its position in shares of Eaton Corp. PLC by 755.4% in the fourth quarter. Winton Capital Group Ltd now owns 1,020,188 shares of the company’s stock worth $53,091,000 after buying an additional 900,917 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC raised its position in shares of Eaton Corp. PLC by 9.2% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 24,747 shares of the company’s stock worth $1,288,000 after buying an additional 2,089 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.