Thursday , May 19 2022

Eaton Co. PLC (ETN) shares bought by Flippin Bruce & Porter Inc.


Flippin Bruce & Porter Inc. In the third quarter, he raised his shares in the Eaton Co. PLC (NISE: ETN) by 3.1%, according to its latest filing Form 13F with SEC. The institutional investor owned 141,636 shares of the company's industrial products after purchasing an additional 4,236 shares during the period. Eaton has a 2.3% stake in Flippin Bruce & Porter Inc., making its biggest position in its week. Holding company Flippin Bruce & Porter Inc. Eaton is worth $ 12,284,000 from its latest SEC documentation.

Other hedge funds and other institutional investors have also changed their positions in the company. Financial Architects Inc. increased its stake in Eaton in the amount of 2.675.0% during the third quarter. Financial Architects Inc. now holds 1,221 shares of the company's industrial products worth $ 106,000 after purchasing an additional 1,177 shares in the last quarter. Reilli Financial Advisors LLC increased its fund in Eaton in the third quarter by 145.3%. Reilli Financial Advisors LLC now owns 1,266 shares of a $ 110,000 industrial company after purchasing an additional 750 shares in the last quarter. Zions Bancorporation bought a new share in Eaton in the second quarter of $ 113,000. Fort L.P bought a new stake in Eaton in the second quarter worth $ 116,000. Finally, the Bai Coloni Inc. Advisory Group Bai Coloni Attorney Bai Coloni bought a new stake in Eaton in Q2 of $ 123,000. 77.64% of the shares are owned by institutional investors and hedge funds.

In related news, insider Ken D. Semelsberger has sold 11,500 shares of a company in a transaction dated Thursday, September 13th. The shares were sold at an average price of $ 86.57, for a total transaction of $ 995,555.00. Upon completion of the sale, the insider now directly owns 78,883 shares in the company, valued at 6,828,901.31 dollars. The transaction is disclosed in a document submitted to the SEC, which is available on the SEC website. Also, insider Revathi Advaithi has sold 15,500 shares of the company's shares in a transaction dated Thursday, August 30th. The sale was sold at an average price of $ 82.98 for a total transaction of $ 1,286,190.00. After the sale, Insider now owns 24,715 shares of the company, worth $ 2,050,850.70. The explanation for this sale can be found here. Insiders sold 55,000 shares of the company in the amount of $ 4,617,645 in the last quarter. The Insider company owns 0.50% of the company's shares.

ETN is the subject of many recent research reports. Gordon Haskett kicked off coverage of Eaton's shares in a survey on Friday, October 12th. They issued a "sell" rating for the company. Deutsche Bank raised its target of Eaton shares from $ 92.00 to $ 95.00 and gave it a "shopping" campaign in a survey on Thursday, August 16th. On Tuesday, August 7, Zacks Investment Research reduced Eaton's rating from the rating to "hold". Barclais raised its price tag on the Eaton campaign from $ 71.00 to $ 77.00, and on Wednesday, August 1st, it gave a "weight" campaign. In the end, Citigroup reduced the price of its shares to Eaton from $ 92.00 to $ 88.00 and set the company's "bui" rating for research on Friday, November 2nd. Two analysts rated the action with a rating of sales, four issued a rating for maintenance, and fourteen awarded a rating for the purchase of the action. The company currently has an average "purchasing" rating and an average price of $ 86.12.

NISE ETN opened on Monday 74.24 dollars. The company has a market cap of 32.18 billion dollars, a P / E ratio of 15.97, a PEG ratio of 1.35 and a beta of 1.49. The company has a debt ratio of 0.40, a debt ratio of 1.49 and a quick ratio of 0.96. Eaton Co. PLC has a 52 week offer of $ 67.70 and a 52 week high of $ 89.85.

Eaton (NISE: ETN) last reported fourth earnings data on Tuesday, October 30th. The industrial products company reported 1.44 euros EPS for the quarter, according to a consensus estimate of $ 1.43. The business generated revenue of $ 5.41 billion per quarter, compared to a consensus estimate of $ 5.49 billion. Eaton had a net margin of 10.06% and a return on equity of 13.48%. Operating revenues for the quarter increased by 3.9% annually. During the same period last year, the company earned EUR 1.25 from EPS. Research analysts predict that Eaton Co. PLC announce 5.35 earnings per share for the current fiscal year.

The company recently announced a quarterly dividend paid on Friday, November 16th. The shareholders of the record received a dividend of $ 0.66 on Friday, November 2. This represents a dividend of $ 2.64 a year, and a dividend yield of 3.56%. The dividend payment date for this dividend was on Thursday, November 1st. The dividend payout ratio Eaton (DPR) is 56.77%.

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About Eaton

Eaton Corporation plc operates as a power management company around the world. The product segment of electrical products offers electrical and industrial components, residential products, single-phase products, emergency lighting and fire detection products, wiring devices, construction systems and protection and lighting products.

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Institutional ownership fourth for Eaton (NISE: ETN)

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