General American Investors Co. Inc. Has $14,720,000 Stake in Eaton Corporation, PLC (NYSE:ETN)

General American Investors Co. Inc. maintained its position in Eaton Corporation, PLC (NYSE:ETN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189,131 shares of the industrial products company’s stock at the end of the second quarter. General American Investors Co. Inc.’s holdings in Eaton Corporation, PLC were worth $14,720,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its position in Eaton Corporation, PLC by 9.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,402 shares of the industrial products company’s stock valued at $104,000 after buying an additional 120 shares during the last quarter. Harfst & Associates Inc. acquired a new position in Eaton Corporation, PLC during the first quarter valued at approximately $109,000. Guardian Life Insurance Co. of America raised its position in Eaton Corporation, PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after buying an additional 12 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in Eaton Corporation, PLC during the first quarter valued at approximately $137,000. Finally, Tompkins Financial Corp acquired a new position in Eaton Corporation, PLC during the first quarter valued at approximately $124,000. Hedge funds and other institutional investors own 76.59% of the company’s stock.

Shares of Eaton Corporation, PLC (NYSE:ETN) opened at 73.14 on Thursday. The stock has a market cap of $32.53 billion, a P/E ratio of 16.77 and a beta of 1.35. The stock has a 50 day moving average price of $77.68 and a 200 day moving average price of $75.02. Eaton Corporation, PLC has a 12 month low of $59.07 and a 12 month high of $81.63.

Eaton Corporation, PLC (NYSE:ETN) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.01. Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the business earned $1.07 earnings per share. Eaton Corporation, PLC’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts anticipate that Eaton Corporation, PLC will post $4.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $2.40 annualized dividend and a yield of 3.28%. Eaton Corporation, PLC’s dividend payout ratio (DPR) is currently 54.79%.

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Several research firms recently commented on ETN. BidaskClub lowered Eaton Corporation, PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. JMP Securities began coverage on Eaton Corporation, PLC in a research note on Monday, June 19th. They issued a “market perform” rating for the company. ValuEngine upgraded Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Barclays PLC set a $81.00 target price on Eaton Corporation, PLC and gave the company a “hold” rating in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Eaton Corporation, PLC presently has a consensus rating of “Hold” and a consensus price target of $78.54.

Eaton Corporation, PLC Company Profile

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.

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Institutional Ownership by Quarter for Eaton Corporation, PLC (NYSE:ETN)

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