Shares of Eaton Corp. PLC (NYSE:ETN) hit a new 52-week high on Tuesday . The stock traded as high as $65.51 and last traded at $64.30, with a volume of 2,589,086 shares. The stock had previously closed at $63.94.

Several analysts recently weighed in on the stock. Bank of America Corp. cut shares of Eaton Corp. PLC from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Thursday, July 14th. They noted that the move was a valuation call. Deutsche Bank AG reissued a “hold” rating on shares of Eaton Corp. PLC in a research note on Sunday, April 17th. Longbow Research cut shares of Eaton Corp. PLC from a “buy” rating to a “neutral” rating in a research note on Monday, April 4th. Morgan Stanley reaffirmed a “buy” rating on shares of Eaton Corp. PLC in a research report on Sunday, May 8th. Finally, Argus reaffirmed a “hold” rating on shares of Eaton Corp. PLC in a research report on Wednesday, May 11th. Three investment 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. Eaton Corp. PLC presently has a consensus rating of “Hold” and an average price target of $61.06.

The stock has a market capitalization of $29.32 billion and a price-to-earnings ratio of 15.53. The stock has a 50 day moving average price of $61.71 and a 200 day moving average price of $59.63.

Eaton Corp. PLC (NYSE:ETN) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. The firm earned $5.10 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the business earned $1.16 EPS. Eaton Corp. PLC’s revenue was down 5.4% on a year-over-year basis. On average, analysts predict that Eaton Corp. PLC will post $4.26 earnings per share for the current fiscal year.

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

In other news, insider Mark M. Mcguire sold 18,751 shares of Eaton Corp. PLC stock in a transaction dated Tuesday, June 7th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander M. Cutler sold 138,762 shares of Eaton Corp. PLC stock in a transaction dated 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 sale, 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.

Several large investors recently made changes to their positions in ETN. Marshall Wace LLP raised its stake in shares of Eaton Corp. PLC by 97.7% in the fourth quarter. Marshall Wace LLP now owns 216,638 shares of the company’s stock worth $11,274,000 after buying an additional 107,057 shares during the last quarter. Levin Capital Strategies L.P. raised its stake in shares of Eaton Corp. PLC by 8.8% in the fourth quarter. Levin Capital Strategies L.P. now owns 3,745,845 shares of the company’s stock worth $194,934,000 after buying an additional 303,715 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Eaton Corp. PLC by 4.3% in the fourth quarter. Suntrust Banks Inc. now owns 95,965 shares of the company’s stock worth $4,992,000 after buying an additional 3,915 shares during the last quarter. Advantus Capital Management Inc raised its stake in shares of Eaton Corp. PLC by 1.3% in the fourth quarter. Advantus Capital Management Inc now owns 44,252 shares of the company’s stock worth $2,303,000 after buying an additional 547 shares during the last quarter. Finally, Alerus Investment Advisors Corp raised its stake in shares of Eaton Corp. PLC by 7.5% in the fourth quarter. Alerus Investment Advisors Corp now owns 73,929 shares of the company’s stock worth $3,847,000 after buying an additional 5,168 shares during 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.

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