Eaton Corporation, PLC (NYSE:ETN) Coverage Initiated by Analysts at Wolfe Research

Investment analysts at Wolfe Research initiated coverage on shares of Eaton Corporation, PLC (NYSE:ETN) in a research report issued to clients and investors on Tuesday, July 11th. The firm set a “market perform” rating on the industrial products company’s stock.

Several other brokerages have also issued reports on ETN. Zacks Investment Research raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Monday, June 5th. JMP Securities initiated coverage on Eaton Corporation, PLC in a research note on Monday, June 19th. They issued a “market perform” rating for the company. Argus restated a “buy” rating and issued a $85.00 target price (up from $83.00) on shares of Eaton Corporation, PLC in a research note on Tuesday, May 30th. Barclays PLC set a $81.00 price target on Eaton Corporation, PLC and gave the company a “hold” rating in a research note on Tuesday, May 2nd. Finally, ValuEngine upgraded Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. Eaton Corporation, PLC presently has a consensus rating of “Hold” and an average price target of $78.54.

Shares of Eaton Corporation, PLC (ETN) opened at 72.99 on Tuesday. Eaton Corporation, PLC has a 52-week low of $59.07 and a 52-week high of $81.63. The company’s 50 day moving average price is $78.02 and its 200 day moving average price is $74.85. The firm has a market capitalization of $32.47 billion, a price-to-earnings ratio of 16.73 and a beta of 1.35.

Eaton Corporation, PLC (NYSE:ETN) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.01. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.14 billion. Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. Analysts forecast that Eaton Corporation, PLC will post $4.61 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Eaton Corporation, PLC (NYSE:ETN) Coverage Initiated by Analysts at Wolfe Research” was originally posted by BBNS and is the property of of BBNS. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://baseballnewssource.com/markets/eaton-corporation-plc-nyseetn-earns-market-perform-rating-from-analysts-at-wolfe-research-updated-updated-updated/1197609.html.

A number of hedge funds have recently bought and sold shares of ETN. Lincoln Capital Corp acquired a new stake in Eaton Corporation, PLC during the fourth quarter valued at about $512,000. Pekin Singer Strauss Asset Management IL raised its stake in Eaton Corporation, PLC by 2.4% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 25,987 shares of the industrial products company’s stock valued at $1,743,000 after buying an additional 600 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in Eaton Corporation, PLC by 130.4% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,796 shares of the industrial products company’s stock valued at $644,000 after buying an additional 4,978 shares during the last quarter. Whalerock Point Partners LLC increased its position in shares of Eaton Corporation, PLC by 11.4% in the fourth quarter. Whalerock Point Partners LLC now owns 11,725 shares of the industrial products company’s stock valued at $787,000 after buying an additional 1,200 shares during the period. Finally, Kentucky Retirement Systems purchased a new position in shares of Eaton Corporation, PLC during the fourth quarter valued at approximately $2,199,000. Institutional investors and hedge funds own 76.59% of the company’s stock.

About Eaton Corporation, PLC

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.

Analyst Recommendations for Eaton Corporation, PLC (NYSE:ETN)

Receive News & Ratings for Eaton Corporation PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Corporation PLC and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.