Insider Trading at Eaton Corporation PLC?

Postado Novembro 17, 2017

Large investors have recently modified their holdings of the stock. In the last quarter, insiders sold 36,643 shares of company stock worth $2,835,806. Financial Counselors Inc. increased its holdings in Eaton Corporation, PLC by 2.0% during the third quarter. Lazard Asset Management LLC increased its stake in Eaton Corporation, PLC by 8.2% in the first quarter. Schwab Charles Investment Management Inc owns 2,258,290 shares with a value of $173,415,000. Riggs Asset Managment Com reported 0.01% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). The value of the investment in ETN went from $165,163,000 to $160,152,000 a change of $5,011,000 quarter over quarter. After having $1.25 EPS previously, Eaton Corporation, PLC Ordinary Shares's analysts see -0.80 % EPS growth. As per Wednesday, February 1, the company rating was initiated by Avondale.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this report on another publication, it was copied illegally and republished in violation of US & worldwide copyright and trademark law. Ameritas Investment Partners holds 0.18% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 46,509 shares. It worsened, as 37 investors sold ETN shares while 289 reduced holdings. The stock was sold at an average price of $78.36, for a total transaction of $1,860,501.48. The short-interest ratio decreased to 2.0 and the percentage of shorted shares was inf% on October 31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher M. Connor sold 6,450 shares of Eaton Corporation, PLC stock in a transaction on Friday, November 10th. The shares were sold at an average price of $73.17, for a total transaction of $471,946.50. The rating was maintained by Jefferies on Tuesday, June 6 with "Hold". The disclosure for this sale can be found here. William Blair analyst N. Heymann now anticipates that the industrial products company will earn $4.60 per share for the year, up from their previous estimate of $4.57.

Several equities analysts have commented on ETN shares. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has "Overweight" rating given on Friday, December 9 by JP Morgan. Citigroup Inc. raised their target price on shares of Eaton Corporation, PLC from $88.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, October 13th. Equity analyst Jefferies Group LLC raised the price target on November 1 changing the forecast from $70.00 to $80.00 with a rating of "Hold". Finally, Zacks Investment Research cut shares of Eaton Corporation, PLC from a "buy" rating to a "hold" rating in a research report on Monday, July 31st.

On November 1 Credit Suisse Group made no change to the company rating of "Outperform" targeting a price of $92.00. The Michigan-based Ww Asset Management Inc has invested 0.11% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Fmr Ltd Limited Liability Company owns 8.89M shares or 0.09% of their United States portfolio. Eaton Corporation, PLC has a 12 month low of $63.94 and a 12 month high of $82.34. Its down 0.06, from 1.13 in 2017Q1. The firm has a market capitalization of $33,880.00, a P/E ratio of 17.40, a P/E/G ratio of 1.92 and a beta of 1.39. Moreover, Tnb Finance has 0.16% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). 330.85 million shares or 0.85% less from 333.69 million shares in 2017Q1 were reported. Moreover, Horan Cap Advisors Ltd Liability has 2.15% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 40,695 shares. Howe & Rusling Inc sold 52,076 shares as the company's stock rose 8.91% with the market. During the same quarter previous year, the company earned $1.16 earnings per share. Finally, BidaskClub lowered Eaton Corporation, PLC from a "buy" rating to a "hold" rating in a research note on Monday, July 24th. Stockholders of record on Friday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 2nd. Eaton Corporation, PLC's dividend payout ratio (DPR) is now 55.05%.

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.