Shares of Eaton Corporation, PLC (NYSE:ETN) have been given an average recommendation of “Hold” by the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $83.08.

Several research analysts have commented on ETN shares. Robert W. Baird raised Eaton from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $82.00 to $92.00 in a research report on Wednesday, January 3rd. Zacks Investment Research lowered Eaton from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $88.00 target price (up from $87.00) on shares of Eaton in a research report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $80.00 target price on shares of Eaton in a research report on Monday, December 11th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Eaton in a research report on Wednesday, November 1st.

In related news, insider Nandakumar Cheruvatath sold 10,000 shares of Eaton stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $77.50, for a total value of $775,000.00. Following the completion of the transaction, the insider now directly owns 16,571 shares in the company, valued at $1,284,252.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Revathi Advaithi sold 23,743 shares of Eaton stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $78.36, for a total value of $1,860,501.48. Following the completion of the transaction, the insider now owns 31,028 shares of the company’s stock, valued at $2,431,354.08. The disclosure for this sale can be found here. Insiders sold 58,938 shares of company stock valued at $4,597,529 over the last quarter. Insiders own 0.80% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Harfst & Associates Inc. grew its stake in Eaton by 21.8% in the second quarter. Harfst & Associates Inc. now owns 1,798 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 322 shares in the last quarter. Financial Counselors Inc. grew its stake in Eaton by 2.0% in the third quarter. Financial Counselors Inc. now owns 33,149 shares of the industrial products company’s stock worth $2,546,000 after purchasing an additional 655 shares in the last quarter. Smithfield Trust Co. grew its stake in Eaton by 6.8% in the third quarter. Smithfield Trust Co. now owns 13,152 shares of the industrial products company’s stock worth $1,009,000 after purchasing an additional 837 shares in the last quarter. Cable Hill Partners LLC grew its stake in Eaton by 174.8% in the third quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 867 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its stake in Eaton by 1.9% in the third quarter. Commonwealth Bank of Australia now owns 53,259 shares of the industrial products company’s stock worth $4,084,000 after purchasing an additional 988 shares in the last quarter. Institutional investors and hedge funds own 76.53% of the company’s stock.

Eaton (NYSE ETN) traded up $0.41 during trading hours on Friday, reaching $84.36. The company’s stock had a trading volume of 2,413,427 shares, compared to its average volume of 2,506,464. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.44. Eaton has a one year low of $66.98 and a one year high of $84.50. The stock has a market capitalization of $36,990.00, a price-to-earnings ratio of 19.35, a PEG ratio of 1.98 and a beta of 1.38.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.25 EPS for the quarter, meeting the consensus estimate of $1.25. Eaton had a return on equity of 12.89% and a net margin of 14.21%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same period last year, the company posted $1.16 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. research analysts predict that Eaton will post 4.58 EPS for the current fiscal year.

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Eaton 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 (NYSE:ETN)

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