Eaton (ETN) Earning Somewhat Positive News Coverage, Analysis Shows

News headlines about Eaton (NYSE:ETN) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eaton earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.0737985675256 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

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A number of equities research analysts have recently weighed in on ETN shares. Stifel Nicolaus reissued a “hold” rating and set a $80.00 target price on shares of Eaton in a report on Monday, December 11th. Zacks Investment Research raised Eaton from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Tuesday, January 2nd. Robert W. Baird upgraded Eaton from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $82.00 to $92.00 in a report on Wednesday, January 3rd. UBS started coverage on Eaton in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $87.00 target price on the stock. Finally, ValuEngine upgraded Eaton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.53.

Shares of NYSE ETN opened at $79.91 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.64. The stock has a market cap of $34,797.81, a P/E ratio of 11.96, a PEG ratio of 1.55 and a beta of 1.36. Eaton has a 1-year low of $69.82 and a 1-year high of $89.85.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. Eaton had a return on equity of 12.84% and a net margin of 14.60%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company earned $1.12 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts expect that Eaton will post 5.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Monday, March 12th were paid a dividend of $0.66 per share. This is a boost from Eaton’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 9th. This represents a $2.64 dividend on an annualized basis and a yield of 3.30%. Eaton’s payout ratio is presently 39.52%.

In related news, Director Deborah L. Mccoy sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $82.23, for a total transaction of $328,920.00. Following the completion of the sale, the director now owns 35,936 shares in the company, valued at $2,955,017.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William J. Vanlandingham II sold 10,174 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $45.77, for a total value of $465,663.98. Following the sale, the insider now directly owns 13,963 shares of the company’s stock, valued at approximately $639,086.51. The disclosure for this sale can be found here. Insiders have sold 29,769 shares of company stock valued at $2,083,823 in the last quarter. 0.50% of the stock is owned by company insiders.

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Eaton Company Profile

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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