Eaton Corporation, PLC (NYSE:ETN)‘s stock had its “hold” rating reissued by research analysts at Stifel Nicolaus in a note issued to investors on Friday, November 3rd. They currently have a $85.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.52% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Citigroup Inc. boosted their target price on shares of Eaton Corporation, PLC from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Jefferies Group LLC boosted their price target on shares of Eaton Corporation, PLC from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Credit Suisse Group reiterated an “outperform” rating and issued a $92.00 target price (up from $86.00) on shares of Eaton Corporation, PLC in a research report on Wednesday, November 1st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Eaton Corporation, PLC in a research report on Tuesday, October 31st. Finally, Buckingham Research initiated coverage on shares of Eaton Corporation, PLC in a research report on Tuesday, October 17th. They issued a “neutral” rating and a $82.00 target price for the company. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Eaton Corporation, PLC currently has a consensus rating of “Hold” and a consensus price target of $82.86.
Eaton Corporation, PLC (ETN) traded down $0.08 during mid-day trading on Friday, reaching $76.22. The company’s stock had a trading volume of 995,281 shares, compared to its average volume of 2,322,980. Eaton Corporation, PLC has a fifty-two week low of $65.25 and a fifty-two week high of $82.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.43 and a quick ratio of 1.02. The firm has a market cap of $33,620.00, a P/E ratio of 16.90, a P/E/G ratio of 1.86 and a beta of 1.39.
Eaton Corporation, PLC (NYSE:ETN) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $1.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.25. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Eaton Corporation, PLC had a net margin of 14.21% and a return on equity of 12.89%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. equities research analysts expect that Eaton Corporation, PLC will post 4.6 earnings per share for the current year.
In related news, Director Christopher M. Connor sold 6,450 shares of Eaton Corporation, PLC stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $78.04, for a total transaction of $503,358.00. Following the completion of the transaction, the director now directly owns 20,100 shares of the company’s stock, valued at approximately $1,568,604. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles E. Golden sold 4,311 shares of Eaton Corporation, PLC stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $76.03, for a total transaction of $327,765.33. Following the sale, the director now owns 20,275 shares of the company’s stock, valued at approximately $1,541,508.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,954 shares of company stock worth $3,163,571. 0.80% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Cable Hill Partners LLC raised its holdings in shares of Eaton Corporation, PLC by 174.8% in the 3rd quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 867 shares in the last quarter. Harfst & Associates Inc. bought a new position in shares of Eaton Corporation, PLC during the 1st quarter worth approximately $109,000. Fieldpoint Private Securities LLC bought a new position in shares of Eaton Corporation, PLC during the 3rd quarter worth approximately $130,000. Captrust Financial Advisors bought a new position in shares of Eaton Corporation, PLC during the 2nd quarter worth approximately $133,000. Finally, Guardian Life Insurance Co. of America grew its position in Eaton Corporation, PLC by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 76.76% 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.
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