Eaton Corp. PLC (NYSE:ETN) hit a new 52-week high on Monday . The stock traded as high as $66.54 and last traded at $66.09, with a volume of 1,290,465 shares changing hands. The stock had previously closed at $65.46.

ETN has been the subject of several analyst reports. Deutsche Bank AG reissued a “hold” rating on shares of Eaton Corp. PLC in a research report on Sunday, April 17th. Royal Bank Of Canada increased their price target on shares of Eaton Corp. PLC from $57.00 to $59.00 and gave the company a “sector perform” rating in a research report on Monday, May 2nd. Sanford C. Bernstein increased their price target on shares of Eaton Corp. PLC from $65.00 to $68.00 and gave the company a “market perform” rating in a research report on Monday, May 2nd. Zacks Investment Research raised shares of Eaton Corp. PLC from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Monday, May 2nd. Finally, Buckingham Research increased their price target on shares of Eaton Corp. PLC from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, May 2nd. Three research analysts have rated the stock with a sell rating, eighteen 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 a consensus target price of $61.35.

The company has a 50 day moving average price of $62.16 and a 200 day moving average price of $59.86. The company has a market capitalization of $30.06 billion and a PE ratio of 16.317.

Eaton Corp. PLC (NYSE:ETN) last issued its earnings results on Tuesday, August 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.07. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.06 billion. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. Equities research analysts anticipate that Eaton Corp. PLC will post $4.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Wednesday, August 3rd.

In related news, insider Alexander M. Cutler sold 138,762 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 635,939 shares of the company’s stock, valued at $39,638,077.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark M. Mcguire sold 18,751 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 32,168 shares of the company’s stock, valued at $2,027,870.72. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in the company. American International Group Inc. raised its stake in Eaton Corp. PLC by 2,664.3% in the fourth quarter. American International Group Inc. now owns 6,586,958 shares of the company’s stock worth $342,785,000 after buying an additional 6,348,674 shares during the period. I.G. Investment Management LTD. raised its stake in Eaton Corp. PLC by 14.1% in the fourth quarter. I.G. Investment Management LTD. now owns 2,890,232 shares of the company’s stock worth $150,408,000 after buying an additional 358,210 shares during the period. Dimensional Fund Advisors LP raised its stake in Eaton Corp. PLC by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,758,594 shares of the company’s stock worth $143,570,000 after buying an additional 138,367 shares during the period. Jennison Associates LLC raised its stake in Eaton Corp. PLC by 7.7% in the fourth quarter. Jennison Associates LLC now owns 2,755,987 shares of the company’s stock worth $143,422,000 after buying an additional 198,077 shares during the period. Finally, Snow Capital Management LP raised its stake in Eaton Corp. PLC by 61.2% in the fourth quarter. Snow Capital Management LP now owns 1,391,002 shares of the company’s stock worth $72,388,000 after buying an additional 528,308 shares during the period.

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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