Eaton Co. PLC (NYSE:ETN) insider Curtis J. Hutchins sold 37,625 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $76.02, for a total value of $2,860,252.50. Following the completion of the transaction, the insider now owns 15,872 shares of the company’s stock, valued at $1,206,589.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ETN opened at $75.63 on Tuesday. Eaton Co. PLC has a 12-month low of $64.46 and a 12-month high of $89.46. The company has a market capitalization of $32.86 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.40 and a beta of 1.45. The company has a quick ratio of 0.93, a current ratio of 1.47 and a debt-to-equity ratio of 0.42.
Eaton (NYSE:ETN) last released its quarterly earnings data on Thursday, January 31st. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.03. Eaton had a return on equity of 14.06% and a net margin of 9.93%. The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.42 billion. As a group, equities research analysts anticipate that Eaton Co. PLC will post 5.87 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its holdings in Eaton by 3.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 235,152 shares of the industrial products company’s stock worth $20,394,000 after purchasing an additional 8,651 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 worth $465,919,000 after purchasing an additional 611,053 shares during the last quarter. Factory Mutual Insurance Co. lifted its holdings in Eaton by 26.2% during the 4th quarter. Factory Mutual Insurance Co. now owns 798,556 shares of the industrial products company’s stock worth $54,829,000 after purchasing an additional 165,700 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Eaton by 36.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 21,888 shares of the industrial products company’s stock worth $1,636,000 after purchasing an additional 5,814 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in Eaton by 14.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 268,929 shares of the industrial products company’s stock worth $3,462,000 after purchasing an additional 34,925 shares during the last quarter. 79.17% of the stock is owned by institutional investors.
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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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