Financial institution of Montreal Can lowered its stake in Eaton Co. plc (NYSE:ETN – Free Report) by 25.5% within the second quarter, in line with the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 427,697 shares of the commercial merchandise firm’s inventory after promoting 146,689 shares throughout the quarter. Financial institution of Montreal Can owned about 0.11% of Eaton value $138,091,000 as of its most up-to-date submitting with the SEC.
A number of different hedge funds have additionally modified their holdings of ETN. Vanguard Group Inc. raised its stake in shares of Eaton by 0.7% throughout the fourth quarter. Vanguard Group Inc. now owns 36,595,656 shares of the commercial merchandise firm’s inventory valued at $8,812,966,000 after buying a further 259,615 shares throughout the interval. Coatue Administration LLC elevated its stake in Eaton by 5.2% throughout the 4th quarter. Coatue Administration LLC now owns 3,986,445 shares of the commercial merchandise firm’s inventory value $960,016,000 after shopping for a further 195,809 shares throughout the interval. Capital World Traders lifted its holdings in Eaton by 323.8% within the 1st quarter. Capital World Traders now owns 3,192,576 shares of the commercial merchandise firm’s inventory value $998,255,000 after shopping for a further 2,439,270 shares within the final quarter. TD Asset Administration Inc lifted its holdings in Eaton by 19.9% within the 4th quarter. TD Asset Administration Inc now owns 2,029,795 shares of the commercial merchandise firm’s inventory value $488,815,000 after shopping for a further 337,351 shares within the final quarter. Lastly, Stifel Monetary Corp boosted its place in Eaton by 1.3% within the 4th quarter. Stifel Monetary Corp now owns 1,480,444 shares of the commercial merchandise firm’s inventory valued at $356,535,000 after shopping for a further 19,529 shares over the last quarter. 82.97% of the inventory is presently owned by hedge funds and different institutional traders.
Wall Road Analysts Forecast Development
Various brokerages have just lately issued studies on ETN. Evercore ISI lower their worth goal on Eaton from $357.00 to $333.00 and set an “outperform” score on the inventory in a analysis observe on Monday, August nineteenth. Citigroup assumed protection on Eaton in a report on Monday, September sixteenth. They set a “purchase” score and a $348.00 worth goal on the inventory. Barclays elevated their goal worth on Eaton from $318.00 to $319.00 and gave the corporate an “equal weight” score in a analysis observe on Friday, August 2nd. Royal Financial institution of Canada dropped their worth goal on shares of Eaton from $376.00 to $371.00 and set an “outperform” score for the corporate in a analysis observe on Friday, August 2nd. Lastly, Raymond James diminished their worth goal on shares of Eaton from $375.00 to $365.00 and set an “outperform” score on the inventory in a analysis observe on Monday, September ninth. 4 analysts have rated the inventory with a maintain score and fourteen have given a purchase score to the corporate’s inventory. In response to MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a consensus worth goal of $337.41.
Learn Our Newest Report on ETN
Eaton Inventory Down 0.3 %
Shares of Eaton inventory opened at $329.69 on Tuesday. Eaton Co. plc has a twelve month low of $191.82 and a twelve month excessive of $345.19. The inventory has a market capitalization of $131.81 billion, a price-to-earnings ratio of 38.92, a PEG ratio of two.28 and a beta of 1.01. The corporate has a present ratio of 1.56, a fast ratio of 1.07 and a debt-to-equity ratio of 0.44. The enterprise’s 50 day easy shifting common is $299.99 and its 200-day easy shifting common is $312.91.
Eaton (NYSE:ETN – Get Free Report) final issued its earnings outcomes on Thursday, August 1st. The economic merchandise firm reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.12. Eaton had a return on fairness of 21.45% and a internet margin of 15.12%. The agency had income of $6.35 billion for the quarter, in comparison with analyst estimates of $6.35 billion. Equities analysis analysts forecast that Eaton Co. plc will publish 10.74 earnings per share for the present yr.
Eaton Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which was paid on Friday, August twenty third. Shareholders of report on Monday, August fifth had been paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized foundation and a yield of 1.14%. The ex-dividend date of this dividend was Monday, August fifth. Eaton’s payout ratio is 44.39%.
Insider Shopping for and Promoting at Eaton
In different Eaton information, Director Dorothy C. Thompson acquired 2,205 shares of Eaton inventory in a transaction dated Tuesday, September third. The inventory was acquired at a mean price of $300.30 per share, for a complete transaction of $662,161.50. Following the completion of the transaction, the director now owns 2,205 shares within the firm, valued at roughly $662,161.50. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. In associated information, Director Dorothy C. Thompson acquired 2,205 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, September third. The shares had been acquired at a mean price of $300.30 per share, for a complete transaction of $662,161.50. Following the completion of the acquisition, the director now instantly owns 2,205 shares within the firm, valued at $662,161.50. The acquisition was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. Additionally, insider Taras G. Jr. Szmagala offered 335 shares of the inventory in a transaction dated Monday, August twelfth. The shares had been offered at a mean worth of $288.72, for a complete transaction of $96,721.20. Following the completion of the transaction, the insider now owns 9,900 shares of the corporate’s inventory, valued at roughly $2,858,328. The disclosure for this sale will be discovered right here. During the last 90 days, insiders have offered 52,511 shares of firm inventory value $15,809,326. 0.53% of the inventory is owned by firm insiders.
Eaton Firm Profile
Eaton Company plc operates as an influence administration firm worldwide. The corporate’s Electrical Americas and Electrical International phase gives electrical parts, industrial parts, energy distribution and assemblies, residential merchandise, single and three part energy high quality and connectivity merchandise, wiring units, circuit safety merchandise, utility energy distribution merchandise, energy reliability gear, and providers, in addition to hazardous responsibility electrical gear, emergency lighting, hearth detection, explosion-proof instrumentation, and structural assist techniques.
Beneficial Tales
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