Eaton Corp. PLC (NYSE:ETN) reached 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 traded. The stock had previously closed at $65.46.

Several research firms recently weighed in on ETN. Argus upgraded Eaton Corp. PLC from a “hold” rating to a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Jefferies Group restated a “hold” rating on shares of Eaton Corp. PLC in a research note on Friday, August 5th. Barclays PLC boosted 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, August 3rd. Zacks Investment Research cut Eaton Corp. PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Finally, Bank of America Corp. cut Eaton Corp. PLC from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Thursday, July 14th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. Eaton Corp. PLC has an average rating of “Hold” and a consensus price target of $61.35.

The stock has a market cap of $29.94 billion and a P/E ratio of 16.25. The firm’s 50 day moving average is $62.38 and its 200-day moving average is $60.29.

Eaton Corp. PLC (NYSE:ETN) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the business posted $1.16 EPS. Eaton Corp. PLC’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities research analysts forecast that Eaton Corp. PLC will post $4.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be given a dividend of $0.57 per share. 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 3.46%.

In other Eaton Corp. PLC news, insider Mark M. Mcguire sold 18,751 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $64.55, for a total value of $1,210,377.05. Following the completion of the sale, the insider now owns 51,447 shares of the company’s stock, valued at $3,320,903.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard H. Fearon sold 65,195 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $65.29, for a total value of $4,256,581.55. Following the completion of the sale, the insider now directly owns 276,386 shares of the company’s stock, valued at approximately $18,045,241.94. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in the company. American International Group Inc. boosted its stake in shares of 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 in the last quarter. Snow Capital Management LP boosted its stake in shares of 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 in the last quarter. Flippin Bruce & Porter Inc. boosted its stake in shares of Eaton Corp. PLC by 1.9% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 102,532 shares of the company’s stock worth $5,336,000 after buying an additional 1,959 shares in the last quarter. Roosevelt Investment Group Inc. boosted 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 worth $1,139,000 after buying an additional 256 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 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.

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