Eaton Corp. PLC (NYSE:ETN) saw unusually-high trading volume on Monday . Approximately 4,819,473 shares changed hands during mid-day trading, an increase of 103% from the previous session’s volume of 2,374,475 shares.The stock last traded at $63.94 and had previously closed at $63.41.

Several brokerages have recently weighed in on ETN. Bank of America Corp. cut shares of Eaton Corp. PLC from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Thursday, July 14th. They noted that the move was a valuation call. Longbow Research cut shares of Eaton Corp. PLC from a “buy” rating to a “neutral” rating in a research report on Monday, April 4th. Zacks Investment Research cut shares of Eaton Corp. PLC from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. Royal Bank Of Canada upped their price target on shares of Eaton Corp. PLC from $57.00 to $59.00 and gave the stock a “sector perform” rating in a research report on Monday, May 2nd. Finally, Buckingham Research upped their price target on shares of Eaton Corp. PLC from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, May 2nd. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.06.

The company’s 50 day moving average is $61.71 and its 200-day moving average is $59.63. The stock has a market cap of $29.28 billion and a P/E ratio of 15.51.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 3.57%.

In other news, insider Alexander M. Cutler sold 138,762 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $62.33, for a total transaction of $8,649,035.46. Following the completion of the sale, the insider now owns 635,939 shares in the company, valued at approximately $39,638,077.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark M. Mcguire sold 18,751 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 32,168 shares of the company’s stock, valued at approximately $2,027,870.72. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of ETN. Roosevelt Investment Group Inc. increased its stake in shares of Eaton Corp. PLC by 1.2% in the fourth quarter. Roosevelt Investment Group Inc. now owns 21,882 shares of the company’s stock valued at $1,139,000 after buying an additional 256 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Eaton Corp. PLC by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,237 shares of the company’s stock valued at $1,574,000 after buying an additional 200 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Eaton Corp. PLC by 13.2% in the fourth quarter. Stephens Inc. AR now owns 33,999 shares of the company’s stock valued at $1,769,000 after buying an additional 3,955 shares in the last quarter. Tradition Capital Management LLC increased its stake in shares of Eaton Corp. PLC by 1.5% in the fourth quarter. Tradition Capital Management LLC now owns 34,946 shares of the company’s stock valued at $1,818,000 after buying an additional 518 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Eaton Corp. PLC during the fourth quarter valued at $1,988,000.

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.

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