Eaton Corporation, PLC (NYSE:ETN) is expected to pay $0.57 on Nov 18, 2016. The indicated annual dividend is $2.28. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Eaton Corporation, PLC’s current price of $60.70, the dividend is 0.94%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 25, 2016. The stock decreased 4.81% or $3.07 during the last trading session, hitting $60.7. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has declined 2.97% since March 31, 2016 and is downtrending. It has underperformed by 5.50% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.10, from 1.09 in 2016Q1. The ratio increased, as 68 funds sold all Eaton Corporation, PLC Ordinary Shares shares owned while 236 reduced positions. 78 funds bought stakes while 285 increased positions. They now own 324.53 million shares or 1.55% less from 329.64 million shares in 2016Q1.
First Amer Comml Bank reported 36,951 shares or 0.21% of all its holdings. Moreover, Cadence Capital Management Limited Co has 0.32% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 70,842 shares. Hills Bank & Trust Company holds 19,675 shares or 0.43% of its portfolio. Fifth Third National Bank & Trust last reported 0.02% of its portfolio in the stock. Moreover, First Interstate Bancorp has 0.01% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 530 shares. General Invsts Inc accumulated 1.36% or 219,131 shares. State Of Alaska Department Of Revenue holds 36,425 shares or 0.23% of its portfolio. Davidson Inv Advsr accumulated 0.88% or 87,526 shares. Moreover, State Board Of Administration Of Florida Retirement has 0.13% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 673,191 shares. Kelly Lawrence W & Associates Ca owns 78,350 shares or 1.08% of their US portfolio. Rhumbline Advisers last reported 682,326 shares in the company. Oakworth accumulated 0.02% or 748 shares. Airain Limited holds 36,380 shares or 0.13% of its portfolio. Atria Invests Ltd Liability accumulated 0.07% or 10,187 shares. Blackrock Japan Com last reported 593,575 shares in the company.
Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) Ratings Coverage
Out of 21 analysts covering Eaton Corporation (NYSE:ETN), 4 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 19% are positive. Eaton Corporation has been the topic of 40 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, October 15 report. Argus Research downgraded Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Wednesday, November 11 to “Hold” rating. RBC Capital Markets maintained Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Thursday, February 4 with “Sector Perform” rating. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Friday, September 9 report. The rating was initiated by Standpoint Research on Wednesday, January 20 with “Buy”. RBC Capital Markets maintained Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Thursday, July 30 with “Sector Perform” rating. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) earned “Buy” rating by Citigroup on Thursday, February 4. On Monday, October 5 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. Vertical Research upgraded the shares of ETN in a report on Wednesday, August 26 to “Hold” rating. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) earned “Market Perform” rating by Bernstein on Monday, November 2.
Another recent and important Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on July 20, 2009.
ETN Company Profile
Eaton Corporation plc (Eaton), incorporated on May 10, 2012, is a power management company. The Firm provides energy-efficient solutions that help its clients to manage electrical, hydraulic and mechanical power. The Firm sells products to clients in over 175 countries. The Firm operates in four divisions: Electrical Products and Electrical Systems and Services, Hydraulics, Aerospace and Vehicle.
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