Analysts at Goldman Sachs initiated coverage on shares of Eaton (NYSE: ETN) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

A number of other analysts have also recently weighed in on ETN. Analysts at Buckingham Research upgraded shares of Eaton from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, March 14th. Separately, analysts at Longbow Research reiterated a “buy” rating on shares of Eaton in a research note to investors on Thursday, March 14th. They now have a $73.00 price target on the stock. Finally, analysts at Barclays Capital downgraded shares of Eaton from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, March 14th. They now have a $67.00 price target on the stock, down previously from $68.00.

Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $65.53.

Shares of Eaton (NYSE: ETN) opened at 62.68 on Thursday. Eaton has a one year low of $36.38 and a one year high of $63.81. The stock’s 50-day moving average is currently $60.79. The company has a market cap of $29.529 billion and a P/E ratio of 18.12.

Eaton (NYSE: ETN) last announced its earnings results on Tuesday, February 5th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.93 by $0.11. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the company posted $1.08 earnings per share. Eaton’s revenue was up 7.4% compared to the same quarter last year. Eaton has set its Q1 guidance at $0.76-0.86 EPS and its FY13 guidance at $4.05-4.45 EPS. Analysts expect that Eaton will post $4.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 22nd. Shareholders of record on Monday, March 11th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.68%.

Eaton Corporation (NYSE: ETN) 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.