Dupont Capital Management Corp trimmed its stake in shares of Eaton Co. PLC (NYSE:ETN) by 27.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,113 shares of the industrial products company’s stock after selling 1,531 shares during the period. Dupont Capital Management Corp’s holdings in Eaton were worth $357,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ETN. Sound Shore Management Inc. CT acquired a new stake in shares of Eaton during the 2nd quarter valued at approximately $122,069,000. American Century Companies Inc. lifted its position in shares of Eaton by 57.8% during the 2nd quarter. American Century Companies Inc. now owns 3,531,120 shares of the industrial products company’s stock valued at $263,916,000 after acquiring an additional 1,293,143 shares during the period. LSV Asset Management lifted its position in shares of Eaton by 6,356.8% during the 2nd quarter. LSV Asset Management now owns 1,239,710 shares of the industrial products company’s stock valued at $92,655,000 after acquiring an additional 1,220,510 shares during the period. Epoch Investment Partners Inc. lifted its position in shares of Eaton by 29.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,039,776 shares of the industrial products company’s stock valued at $227,193,000 after acquiring an additional 688,549 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Eaton by 10.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,233,875 shares of the industrial products company’s stock valued at $465,919,000 after acquiring an additional 611,053 shares during the period. Institutional investors own 77.64% of the company’s stock.

A number of equities research analysts have recently issued reports on ETN shares. Morgan Stanley reduced their price target on shares of Eaton from $94.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Credit Suisse Group reduced their price target on shares of Eaton from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, October 31st. UBS Group upgraded shares of Eaton from a “neutral” rating to a “buy” rating and lifted their price target for the company from $91.00 to $100.00 in a research report on Friday, September 21st. Deutsche Bank reduced their price target on shares of Eaton from $102.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of Eaton from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Monday, August 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $86.67.

Shares of ETN opened at $74.08 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.49 and a quick ratio of 0.96. Eaton Co. PLC has a 1-year low of $67.70 and a 1-year high of $89.85. The company has a market cap of $31.62 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.49.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $1.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.43. Eaton had a net margin of 10.06% and a return on equity of 13.48%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.49 billion. During the same period last year, the company posted $1.25 EPS. The company’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Eaton Co. PLC will post 5.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Friday, November 2nd were paid a $0.66 dividend. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $2.64 annualized dividend and a yield of 3.56%. Eaton’s payout ratio is currently 56.77%.

In other Eaton news, insider Revathi Advaithi sold 15,500 shares of Eaton stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $82.98, for a total value of $1,286,190.00. Following the completion of the sale, the insider now directly owns 24,715 shares of the company’s stock, valued at approximately $2,050,850.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ken D. Semelsberger sold 11,500 shares of Eaton stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $86.57, for a total transaction of $995,555.00. Following the completion of the sale, the insider now directly owns 78,883 shares of the company’s stock, valued at $6,828,901.31. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock valued at $4,617,645 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

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Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.

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Institutional Ownership by Quarter for Eaton (NYSE:ETN)

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