In the market the company is trading up from yesterday’s close of $80.45. Shares of the company are trading at $81.28 which is a tad above $76.78, the 50 day moving average and slightly over the 200 day moving average of $73.05. The 50 day moving average went up by +5.70% and the 200 day average went up $8.11 or +11.10%.
Eaton Corporation, PLC Ordinary (NYSE:ETN) has been the object of insider selling activity recently. Richard H. Fearon, See Remarks below. let go of $1,906,000 worth of shares at an average price of $76.24 on May 5th. That brings the See Remarks below.’s holdings to $18,030,531 as reported to the SEC. Heath B. Monesmith, See Remarks below reported the sale of 5,000 shares of (ETN). The shares were sold on May 4th for an average price of $75.89. Monesmith now owns $1,560,602 of the stock according to the SEC filing.
Uday Yadav, See Remarks below. sold $230,827 worth of shares at an average price of $76.08 on Thu the 4th. Yadav now owns $1,719,484 of stock as recorded in a recent Form 4 SEC filing.
Eaton Corporation plc (Eaton), launched on May 10, 2012, is a power management company. The Company provides solutions that help its customers manage electrical, hydraulic and mechanical power. Its segments include Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace and Vehicle. Eaton had operations in over 60 countries and sold products to customers in more than 175 countries, as of December 31, 2016..
Here are some other firms who have updated their holdings. Gateway Investment Advisers LLC cut its stake by selling 58,031 shares a decrease of 15.9% as of 06/30/2017. Gateway Investment Advisers LLC now controls 306,903 shares with a value of $23,886,000. The total value of its holdings decreased 11.7%. Pennsylvania Trust Co added to its investment by buying 36,958 shares an increase of 404.0% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co controls 46,106 shares valued at $3,588,000. The value of the position overall is up by 429.2%.
Hays Advisory LLC augmented its position by buying 178 shares an increase of 4.7% in the quarter. Hays Advisory LLC now holds 3,934 shares worth $306,000. The total value of its holdings increased 9.7%. As of the end of the quarter Gillespie Robinson & Grimm Inc had disposed of a total of 27,765 shares trimming its position 8.1%. The value of the total investment in Eaton Corporation, PLC Ordinary went from $25,282,000 to $24,376,000 a change of 3.6% quarter to quarter.
July 11 investment analysts at Morgan Stanley left the stock rating at “Overweight” but raised the price target to $90.00 from $80.00. Wolfe Research initiated coverage setting a rating of “Overweight”.
On June 19 analysts at JMP Securities began coverage giving it an initial rating of “Market Perform”. On December 9, 2016 the stock rating was changed to a “Overweight” in a report from JP Morgan which is up from the previous “Overweight” rating.
On December 6, 2016 Aegis Capital released its first research report on the stock with an initial rating of “Buy”. Equity analyst began coverage of the stock by announcing an initial rating of “Buy”.
Additionally the company recently announced a dividend that was paid on Friday the 19th of May 2017. The dividend was $0.600 per share for the quarter or $2.40 on an annualized basis. The dividend yield was $3.06. The ex-dividend date was Wednesday the 3rd of May 2017.
Eaton Corporation, PLC Ordinary currently has a P/E ratio of 18.91 and the market value is 36.30B. As of the last earnings report the EPS was $4.29 and is expected to be $4.64 for the current year with 447,299,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.27 and the next full year EPS is anticipated to be $5.12.