Eaton Corporation, PLC’s (ETN) Hold Rating Reiterated at Stifel Nicolaus
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.
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