Several brokerages have updated their recommendations and price targets on shares of Eaton Corporation, PLC (NYSE: ETN) in the last few weeks:

  • 8/10/2017 – Eaton Corporation, PLC was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/31/2017 – Eaton Corporation, PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of the company returned higher than the broader industry in the last twelve months.  Eaton Corporation is expected to benefit from the gradual improvement in the end-market conditions and organic growth from its end markets. Wide market reach also ensures sustained revenue generation. Its restructuring activities will drive performance and help Eaton to achieve its new guidance for the year. Consistent R&D investments will help it to create new products and provide better electrical solutions to its customers. However, negative currency translation is expected to have an adverse impact on the company’s results, as was the case last year. In addition, Eaton’s vast operation exposes it to cyber-attacks and security breaches, which could impact the operations of the company.”
  • 7/31/2017 – Eaton Corporation, PLC was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/24/2017 – Eaton Corporation, PLC was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/12/2017 – Eaton Corporation, PLC had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $78.00 price target on the stock.
  • 7/11/2017 – Eaton Corporation, PLC is now covered by analysts at Wolfe Research. They set a “market perform” rating on the stock.
  • 7/7/2017 – Eaton Corporation, PLC had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $80.00 price target on the stock.
  • 7/5/2017 – Eaton Corporation, PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $87.00 price target on the stock. According to Zacks, “Shares of the company returned higher than the broader industry in the last twelve months.  Eaton Corporation is expected to benefit from the gradual improvement in the end-market conditions and organic growth from its end markets. Wide market reach also ensures sustained revenue generation. Its restructuring activities will drive performance and help Eaton to achieve its new guidance for the year. Consistent R&D investments will help it to create new products and provide better electrical solutions to its customers. However, negative currency translation is expected to have an adverse impact on the company’s results, as was the case last year. In addition, Eaton’s vast operation exposes it to cyber-attacks and security breaches, which could impact the operations of the company.”
  • 6/19/2017 – Eaton Corporation, PLC is now covered by analysts at JMP Securities. They set a “market perform” rating on the stock.

Shares of Eaton Corporation, PLC (ETN) traded down 2.04% on Thursday, hitting $71.65. 2,704,385 shares of the stock traded hands. Eaton Corporation, PLC has a 52-week low of $59.07 and a 52-week high of $81.63. The firm has a market cap of $31.87 billion, a PE ratio of 16.43 and a beta of 1.35. The firm has a 50 day moving average price of $77.68 and a 200 day moving average price of $75.02.

Eaton Corporation, PLC (NYSE:ETN) last released its earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.01. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.14 billion. Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. On average, equities analysts forecast that Eaton Corporation, PLC will post $4.61 EPS for the current year.

The business also recently announced 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 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, August 2nd. Eaton Corporation, PLC’s dividend payout ratio is currently 54.79%.

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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