Eaton Corp Plc (ETN) Files Form 4 Insider Selling : Alexander M Cutler Sells 138,762 Shares

Eaton Corp Plc (ETN): Alexander M Cutler , director officer of Eaton Corp Plc sold 138,762 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $62.33 per share for a total value of $8,649,188.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Alexander M Cutler (director officer ) sold 138,762 shares at $62.33 per share price.On Feb 23, 2016, Cynthia K Brabander (officer ) purchased 810 shares at $57.50 per share price.Also, On Dec 16, 2015, Deborah L Mccoy (director) sold 7,296 shares at $50.38 per share price.On Dec 16, 2015, Gregory R Page (director) purchased 1,000 shares at $50.39 per share price.

Eaton Corporation PLC Ordinary Shares: On Tuesday, May 10, 2016 heightened volatility was witnessed in Eaton Corporation PLC Ordinary Shares which led to swings in the share price. The shares opened for trading at $60.78 and hit $62.13 on the upside , eventually ending the session at $62.1, with a gain of 2.37% or 1.44 points. The heightened volatility saw the trading volume jump to 15,67,106 shares. The 52-week high of the share price is $73.82 and the company has a market cap of $28,442 M . The 52-week low of the share price is at $46.19.

Eaton Corporation PLC Ordinary Shares Money Flow Index Chart

Company has been under the radar of several Street Analysts.Eaton Corporation PLC Ordinary Shares is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 59 from a previous price target of $57 .The Rating was issued on May 2, 2016.Eaton Corporation PLC Ordinary Shares is Downgraded by Longbow to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 4, 2016.Eaton Corporation PLC Ordinary Shares is Downgraded by Standpoint Research to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 17, 2016.

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