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Dorothy C. Thompson, a director at Eaton Corp plc (NYSE:ETN), a $137 billion market cap electrical equipment leader with a perfect InvestingPro Piotroski Score of 9, has sold 285 ordinary shares of the company, according to a recent SEC filing. The shares were sold at a price of $289.51 each, totaling $82,510. Following this transaction, Thompson holds 516 shares directly. Additionally, there are 2,205 shares owned indirectly by her spouse. The filing also notes that the share count has been adjusted for reinvested dividends and reflects a previous sale disclosed in September 2024. The stock has delivered a remarkable 47% return over the past year, though current valuations suggest it may be trading above its Fair Value. Access detailed valuation metrics and 17 additional ProTips through InvestingPro's comprehensive research report.
In other recent news, Eaton Corporation has been the subject of several significant developments. The company has maintained a strong financial performance, with record adjusted earnings per share (EPS) of $2.84 and robust revenues of $23.2 billion reported in 2023. Eaton's focus on high-growth areas is evident in its planned investment of $1.5 billion in capital expenditures.
Analysts have been closely monitoring Eaton's progress. Bernstein analysts maintained an Outperform rating on Eaton, emphasizing the company's focus on efficient power management. Meanwhile, RBC Capital Markets raised their price target for Eaton, highlighting its strategic shift towards a more electrical-centric business. However, Evercore ISI downgraded Eaton's rating to In Line, suggesting limited potential for further upside despite above-consensus estimates.
Eaton has also seen significant changes in its leadership. Pete Denk has been appointed as the new president and COO, with Antonio Galvao stepping into Denk's previous role as president of the Mobility Group. Additionally, Omar Zaire has been named as the new president for the Corporate and Electrical Sector in the EMEA region.
These developments reflect Eaton's ongoing efforts to optimize its portfolio, execute leadership transitions, and focus on its key business areas. The company's recent actions demonstrate a strong commitment to growth, margin expansion, and sustainable practices.
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