Buckingham Research upgraded shares of Eaton (NYSE: ETN) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports.

ETN has been the subject of a number of other recent research reports. Analysts at Longbow Research reiterated a buy rating on shares of Eaton in a research note to investors on Thursday. They now have a $73.00 price target on the stock. Separately, 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. They now have a $67.00 price target on the stock, down previously from $68.00. Finally, analysts at TheStreet reiterated a buy rating on shares of Eaton in a research note to investors on Tuesday, March 12th.

Thirteen equities research analysts have rated the stock with a buy rating, one has given an overweight rating, and seven have issued a hold rating to the stock. Eaton currently has a consensus rating of overweight and an average price target of $67.83.

Eaton (NYSE: ETN) opened at 62.57 on Thursday. Eaton has a 1-year low of $36.38 and a 1-year high of $63.81. The stock’s 50-day moving average is currently $60.41. The company has a market cap of $29.477 billion and a price-to-earnings ratio of 18.08.

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

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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