Eaton (ETN) Receives Media Sentiment Score of 0.19

News coverage about Eaton (NYSE:ETN) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eaton earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.6611999323719 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Eaton (ETN) opened at $81.28 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.64. Eaton has a 12 month low of $69.82 and a 12 month high of $89.85. The firm has a market capitalization of $35,889.51, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.96 and a beta of 1.36.

Eaton (NYSE:ETN) last released its earnings results on Thursday, February 1st. The industrial products company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Eaton had a return on equity of 12.84% and a net margin of 14.60%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. equities research analysts forecast that Eaton will post 5.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Monday, March 12th will be issued a $0.66 dividend. This is a positive change from Eaton’s previous quarterly dividend of $0.60. This represents a $2.64 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, March 9th. Eaton’s payout ratio is 39.52%.

A number of research firms have recently weighed in on ETN. UBS Group initiated coverage on shares of Eaton in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $87.00 price objective for the company. Zacks Investment Research downgraded shares of Eaton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Bank of America raised shares of Eaton from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $81.03 to $85.00 in a report on Thursday, March 8th. JPMorgan Chase & Co. raised shares of Eaton from an “underweight” rating to a “neutral” rating and set a $82.00 price target for the company in a report on Thursday, March 1st. Finally, Jefferies Group reissued a “hold” rating and set a $90.00 price target on shares of Eaton in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $88.20.

In related news, insider Ken D. Semelsberger sold 15,595 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $82.67, for a total value of $1,289,238.65. Following the completion of the sale, the insider now directly owns 104,613 shares in the company, valued at approximately $8,648,356.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.80% of the stock is currently owned by insiders.

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About Eaton

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.

Insider Buying and Selling by Quarter for Eaton (NYSE:ETN)

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