Eaton Corp. PLC (NYSE:ETN) shares hit a new 52-week high on Monday . The company traded as high as $68.00 and last traded at $67.76, with a volume of 802,302 shares trading hands. The stock had previously closed at $67.21.

A number of research analysts have recently weighed in on the company. Bank of America Corp. downgraded Eaton Corp. PLC from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Thursday, July 14th. They noted that the move was a valuation call. Deutsche Bank AG restated a “hold” rating on shares of Eaton Corp. PLC in a research note on Sunday, April 17th. Morgan Stanley restated a “buy” rating on shares of Eaton Corp. PLC in a research note on Sunday, May 8th. Argus restated a “hold” rating on shares of Eaton Corp. PLC in a research note on Wednesday, May 11th. Finally, Zacks Investment Research downgraded Eaton Corp. PLC from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $61.90.

The firm’s 50 day moving average is $62.81 and its 200-day moving average is $60.53. The company has a market cap of $30.84 billion and a P/E ratio of 16.740.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Shareholders 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 annualized dividend and a yield of 3.36%.

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

Several large investors have added to or reduced their stakes in the stock. Bank of Montreal Can increased 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 worth $10,005,000 after buying an additional 63,205 shares during the last quarter. Principal Financial Group Inc. increased 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 worth $31,667,000 after buying an additional 5,212 shares during the last quarter. Schroder Investment Management Group increased its stake in Eaton Corp. PLC by 2,683.5% in the fourth quarter. Schroder Investment Management Group now owns 852,957 shares of the company’s stock worth $44,388,000 after buying an additional 822,314 shares during the last quarter. Victory Capital Management Inc. increased its stake in Eaton Corp. PLC by 40.2% in the fourth quarter. Victory Capital Management Inc. now owns 42,552 shares of the company’s stock worth $2,214,000 after buying an additional 12,191 shares during the last quarter. Finally, US Bancorp DE increased its stake in Eaton Corp. PLC by 11.8% in the fourth quarter. US Bancorp DE now owns 326,010 shares of the company’s stock worth $16,965,000 after buying an additional 34,441 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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