Eaton Corporation, PLC (NYSE:ETN)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a $82.00 price target on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 4.42% from the company’s current price.

Several other equities research analysts have also issued reports on ETN. JMP Securities initiated coverage on shares of Eaton Corporation, PLC in a research note on Monday, June 19th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Wednesday, July 5th. Wolfe Research started coverage on shares of Eaton Corporation, PLC in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Royal Bank Of Canada restated a “hold” rating and set a $78.00 price objective on shares of Eaton Corporation, PLC in a research note on Wednesday, July 12th. Finally, BidaskClub lowered shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.00.

Shares of Eaton Corporation, PLC (ETN) opened at 78.53 on Thursday. The company has a 50-day moving average of $75.02 and a 200-day moving average of $75.88. Eaton Corporation, PLC has a one year low of $59.07 and a one year high of $81.63. The company has a market capitalization of $34.93 billion, a PE ratio of 18.00 and a beta of 1.36.

Eaton Corporation, PLC (NYSE:ETN) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.01). Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts anticipate that Eaton Corporation, PLC will post $4.60 earnings per share for the current year.

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In other Eaton Corporation, PLC news, Director Deborah L. Mccoy sold 6,450 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $73.17, for a total value of $471,946.50. Following the completion of the sale, the director now owns 46,386 shares of the company’s stock, valued at approximately $3,394,063.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harfst & Associates Inc. bought a new stake in Eaton Corporation, PLC in the 1st quarter valued at about $109,000. Captrust Financial Advisors bought a new stake in Eaton Corporation, PLC in the 2nd quarter valued at about $133,000. Guardian Life Insurance Co. of America boosted its holdings in Eaton Corporation, PLC by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 12 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in Eaton Corporation, PLC by 168.8% in the 1st quarter. Citizens Financial Group Inc. RI now owns 2,059 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 1,293 shares during the period. Finally, Acrospire Investment Management LLC boosted its holdings in Eaton Corporation, PLC by 325.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 1,600 shares during the period. 75.87% of the stock is owned by hedge funds and other institutional investors.

Eaton Corporation, PLC Company Profile

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)

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