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Eaton Co. plc (NYSE:ETN - Get Rating) has earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $159.64.
ETN has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Eaton from $170.00 to $176.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 3rd. The Goldman Sachs Group dropped their target price on shares of Eaton from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, June 23rd. StockNews.com upgraded shares of Eaton from a "hold" rating to a "buy" rating in a research note on Friday, July 8th. Robert W. Baird set a $144.00 target price on shares of Eaton in a research note on Tuesday, August 2nd. Finally, Royal Bank of Canada upped their target price on shares of Eaton from $139.00 to $145.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 3rd.Insider Buying and Selling at Eaton
In other Eaton news, insider Boise April Miller sold 12,283 shares of the company's stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $138.66, for a total transaction of $1,703,160.78. Following the completion of the sale, the insider now directly owns 11,435 shares of the company's stock, valued at $1,585,577.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Daniel Roy Hopgood sold 1,500 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $151.70, for a total value of $227,550.00. Following the completion of the sale, the insider now directly owns 7,593 shares of the company's stock, valued at $1,151,858.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Boise April Miller sold 12,283 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $138.66, for a total transaction of $1,703,160.78. Following the completion of the sale, the insider now directly owns 11,435 shares of the company's stock, valued at $1,585,577.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,783 shares of company stock valued at $2,376,871. Insiders own 0.56% of the company's stock. Institutional Trading of Eaton
A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Republic Investment Management Inc. increased its stake in shares of Eaton by 10.9% in the second quarter. First Republic Investment Management Inc. now owns 1,907,232 shares of the industrial products company's stock worth $240,292,000 after purchasing an additional 188,192 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Eaton by 21.7% during the second quarter. Captrust Financial Advisors now owns 57,953 shares of the industrial products company's stock worth $7,301,000 after acquiring an additional 10,319 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its position in shares of Eaton by 6.3% during the second quarter. Meiji Yasuda Life Insurance Co now owns 17,696 shares of the industrial products company's stock worth $2,230,000 after acquiring an additional 1,044 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Eaton during the second quarter worth $1,276,000. Finally, Utah Retirement Systems boosted its position in shares of Eaton by 0.3% during the second quarter. Utah Retirement Systems now owns 71,218 shares of the industrial products company's stock worth $8,973,000 after acquiring an additional 200 shares during the last quarter. 79.10% of the stock is owned by hedge funds and other institutional investors. Eaton Trading Down 1.6 %
NYSE:ETN opened at $150.84 on Monday. Eaton has a one year low of $122.50 and a one year high of $175.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.97 and a quick ratio of 0.58. The company's 50-day simple moving average is $136.51 and its 200 day simple moving average is $143.32. The firm has a market capitalization of $60.08 billion, a P/E ratio of 26.14, a PEG ratio of 1.82 and a beta of 1.19.
Eaton (NYSE:ETN - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.82 by $0.05. Eaton had a net margin of 11.70% and a return on equity of 17.04%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. Eaton's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts forecast that Eaton will post 7.55 EPS for the current fiscal year. Eaton Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.81 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.24 dividend on an annualized basis and a yield of 2.15%. Eaton's dividend payout ratio is currently 56.15%. About Eaton (Get Rating)
Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.Recommended StoriesGet a free copy of the StockNews.com research report on Eaton (ETN)2 EV Suppliers Powering To Gains After Raising Views Applied Materials Results Show A Slowing Semiconductor MarketMarketBeat: Week in Review 8/15 - 8/19Apple’s Stock Could Be On The Verge Of Another 30% RallyNear-Term Headwinds Present An Opportunity In Ross Stores
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