Traders bought shares of Eaton Corporation, PLC (NYSE:ETN) on weakness during trading hours on Monday. $38.66 million flowed into the stock on the tick-up and $16.33 million flowed out of the stock on the tick-down, for a money net flow of $22.33 million into the stock. Of all stocks tracked, Eaton Corporation, PLC had the 19th highest net in-flow for the day. Eaton Corporation, PLC traded down ($0.13) for the day and closed at $71.63

Several brokerages have recently weighed in on ETN. Stifel Nicolaus restated a “hold” rating and set a $80.00 price target on shares of Eaton Corporation, PLC in a report on Friday, July 7th. Zacks Investment Research upgraded Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Friday, May 26th. BidaskClub downgraded Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Wolfe Research began coverage on Eaton Corporation, PLC in a report on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada restated a “hold” rating and set a $78.00 price target on shares of Eaton Corporation, PLC in a report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $79.67.

The stock has a market capitalization of $31.86 billion, a price-to-earnings ratio of 16.42 and a beta of 1.36. The stock’s 50 day moving average price is $74.53 and its 200-day moving average price is $75.11.

Eaton Corporation, PLC (NYSE:ETN) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.01. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.14 billion. Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. Analysts anticipate that Eaton Corporation, PLC will post $4.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Wednesday, August 2nd. Eaton Corporation, PLC’s dividend payout ratio is presently 54.79%.

A number of institutional investors have recently bought and sold shares of ETN. BlackRock Inc. grew its holdings in Eaton Corporation, PLC by 2,830.8% during the first quarter. BlackRock Inc. now owns 29,114,265 shares of the industrial products company’s stock worth $2,158,821,000 after acquiring an additional 28,120,890 shares during the period. Boston Partners grew its holdings in Eaton Corporation, PLC by 286.0% during the first quarter. Boston Partners now owns 7,227,300 shares of the industrial products company’s stock worth $535,904,000 after acquiring an additional 5,354,998 shares during the period. Bank of America Corp DE grew its holdings in Eaton Corporation, PLC by 17.0% during the first quarter. Bank of America Corp DE now owns 6,407,605 shares of the industrial products company’s stock worth $475,123,000 after acquiring an additional 932,400 shares during the period. Wellington Management Group LLP grew its holdings in Eaton Corporation, PLC by 2.4% during the first quarter. Wellington Management Group LLP now owns 37,607,505 shares of the industrial products company’s stock worth $2,788,596,000 after acquiring an additional 875,616 shares during the period. Finally, FMR LLC grew its holdings in Eaton Corporation, PLC by 9.5% during the first quarter. FMR LLC now owns 9,180,438 shares of the industrial products company’s stock worth $680,729,000 after acquiring an additional 794,975 shares during the period. 75.86% of the stock is currently owned by hedge funds and other institutional investors.

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About Eaton Corporation, PLC

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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