Eaton Corp. PLC (NYSE:ETN)’s share price hit a new 52-week high on Tuesday . The company 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.

A number of brokerages have recently weighed in on ETN. Barclays PLC increased their target price on Eaton Corp. PLC from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Bank of America Corp. lowered 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. Zacks Investment Research lowered Eaton Corp. PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Sanford C. Bernstein raised their price objective on Eaton Corp. PLC from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Monday, May 2nd. Finally, Royal Bank Of Canada raised their price objective on Eaton Corp. PLC from $57.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Monday, May 2nd. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $61.91.

The firm has a market capitalization of $29.42 billion and a PE ratio of 15.58. The firm has a 50-day moving average of $61.92 and a 200-day moving average of $59.78.

Eaton Corp. PLC (NYSE:ETN) last released its earnings results on Tuesday, August 2nd. The company reported $1.07 EPS for the quarter, meeting the Zacks’ consensus estimate 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 in the prior year, the company earned $1.16 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts predict that Eaton Corp. PLC will post $4.28 earnings per share for the current year.

The company also recently announced 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 is Wednesday, August 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 3.55%.

In related news, insider Mark M. Mcguire sold 18,751 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $63.04, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander M. Cutler sold 138,762 shares of the stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $62.33, for a total value of $8,649,035.46. Following the completion of 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.

A number of hedge funds have bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in 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 during the last quarter. Bank of Montreal Can raised its stake in Eaton Corp. PLC by 49.0% in the fourth quarter. Bank of Montreal Can now owns 192,239 shares of the company’s stock valued at $10,005,000 after buying an additional 63,205 shares during the last quarter. Principal Financial Group Inc. raised its stake in Eaton Corp. PLC by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 608,530 shares of the company’s stock valued at $31,667,000 after buying an additional 5,212 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in Eaton Corp. PLC by 14.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 118,420 shares of the company’s stock valued at $6,436,000 after buying an additional 15,348 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in Eaton Corp. PLC by 6.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 61,976 shares of the company’s stock valued at $3,225,000 after buying an additional 3,638 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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