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:
- Research Report Identifies China Tel, Eaton Corporation, Ctrip.com International, AxoGen, Athene Holding, and Intuitive Surgical with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement (finance.yahoo.com)
- MARKET SNAPSHOT: Stock Market Retreats As Nasdaq Bucks Trend To End At Record (morningstar.com)
- $5.10 Billion in Sales Expected for Eaton Co., PLC (ETN) This Quarter (americanbankingnews.com)
- Eaton Co., PLC (ETN) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Eaton (ETN) Stock Rating Upgraded by Bank of America (americanbankingnews.com)
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.
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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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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