Eaton Corporation, PLC (NYSE:ETN) – Equities research analysts at Jefferies Group dropped their Q4 2017 EPS estimates for Eaton Corporation, PLC in a report issued on Tuesday. Jefferies Group analyst S. Volkmann now expects that the industrial products company will earn $1.33 per share for the quarter, down from their prior forecast of $1.35. Jefferies Group has a “Hold” rating and a $75.00 price target on the stock. Jefferies Group also issued estimates for Eaton Corporation, PLC’s FY2018 earnings at $5.20 EPS and FY2019 earnings at $5.75 EPS.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Wednesday, April 19th. Argus reiterated a “buy” rating and set a $85.00 target price (up from $83.00) on shares of Eaton Corporation, PLC in a report on Tuesday, May 30th. Stifel Nicolaus reiterated a “hold” rating and set a $80.00 target price on shares of Eaton Corporation, PLC in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $78.00 target price on shares of Eaton Corporation, PLC in a report on Wednesday, July 12th. Finally, BidaskClub lowered shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $78.54.

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Eaton Corporation, PLC (ETN) traded up 1.25% on Thursday, reaching $74.53. The company had a trading volume of 2,778,315 shares. Eaton Corporation, PLC has a one year low of $59.07 and a one year high of $81.63. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 17.09 and a beta of 1.35. The company’s 50 day moving average is $78.18 and its 200-day moving average is $74.86.

Eaton Corporation, PLC (NYSE:ETN) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.01. Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year.

Several large investors have recently modified their holdings of ETN. BlackRock Inc. boosted its position in Eaton Corporation, PLC by 2,830.8% in the first quarter. BlackRock Inc. now owns 29,114,265 shares of the industrial products company’s stock worth $2,158,821,000 after buying an additional 28,120,890 shares during the period. Boston Partners boosted its position in Eaton Corporation, PLC by 286.0% in the first quarter. Boston Partners now owns 7,227,300 shares of the industrial products company’s stock worth $535,904,000 after buying an additional 5,354,998 shares during the period. Bank of America Corp DE boosted its position in Eaton Corporation, PLC by 17.0% in the first quarter. Bank of America Corp DE now owns 6,407,605 shares of the industrial products company’s stock worth $475,123,000 after buying an additional 932,400 shares during the period. Wellington Management Group LLP boosted its position in Eaton Corporation, PLC by 2.4% in the first quarter. Wellington Management Group LLP now owns 37,607,505 shares of the industrial products company’s stock worth $2,788,596,000 after buying an additional 875,616 shares during the period. Finally, FMR LLC boosted its position in Eaton Corporation, PLC by 9.5% in the first quarter. FMR LLC now owns 9,180,438 shares of the industrial products company’s stock worth $680,729,000 after buying an additional 794,975 shares during the period. 76.32% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, August 2nd. Eaton Corporation, PLC’s payout ratio is 54.79%.

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.

Earnings History and Estimates for Eaton Corporation, PLC (NYSE:ETN)

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