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

Several research analysts have weighed in on the stock. Argus raised shares of Eaton Corp. PLC from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, August 10th. They noted that the move was a valuation call. Jefferies Group restated a “hold” rating on shares of Eaton Corp. PLC in a research report on Friday, August 5th. Barclays PLC increased their target price on shares of Eaton Corp. PLC from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 3rd. Bank of America Corp. lowered shares of Eaton Corp. PLC from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Thursday, July 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Eaton Corp. PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company’s stock. Eaton Corp. PLC has an average rating of “Hold” and an average price target of $61.90.

The firm has a 50-day moving average price of $63.41 and a 200 day moving average price of $60.94. The stock has a market capitalization of $30.59 billion and a price-to-earnings ratio of 16.61.

Eaton Corp. PLC (NYSE:ETN) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the prior year, the firm posted $1.16 EPS. Eaton Corp. PLC’s revenue was down 5.4% on a year-over-year basis. On average, analysts expect 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 paid 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 3.39%.

In other Eaton Corp. PLC news, insider Mark M. Mcguire sold 18,751 shares of the business’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 value of $1,210,377.05. Following the completion of the transaction, the insider now owns 51,447 shares of the company’s stock, valued at approximately $3,320,903.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard H. Fearon sold 65,195 shares of the business’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 completion of the transaction, 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.

Other institutional investors recently added to or reduced their stakes in the company. American International Group Inc. boosted its position 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 in the last quarter. Schroder Investment Management Group boosted its position 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 in the last quarter. Snow Capital Management LP boosted its position 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 in the last quarter. I.G. Investment Management LTD. boosted its position 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 in the last quarter. Finally, Jennison Associates LLC boosted its position 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 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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