Equities research analysts at UBS Group initiated coverage on shares of Eaton (NYSE:ETN) in a research report issued to clients and investors on Tuesday, www.briefing.com reports. The firm set a “neutral” rating and a $87.00 price target on the industrial products company’s stock. UBS Group’s target price would suggest a potential upside of 3.13% from the stock’s current price.

A number of other research firms have also commented on ETN. Stifel Nicolaus restated a “hold” rating and issued a $80.00 price objective on shares of Eaton in a research note on Monday, December 11th. Jefferies Group lifted their price objective on shares of Eaton from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley restated an “overweight” rating and issued a $88.00 price objective (up from $87.00) on shares of Eaton in a research note on Monday, October 2nd. Bank of America lowered shares of Eaton from a “buy” rating to an “underperform” rating in a research note on Tuesday, October 17th. Finally, Citigroup lifted their price objective on shares of Eaton from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Eaton currently has a consensus rating of “Hold” and a consensus target price of $83.67.

Shares of Eaton (NYSE ETN) opened at $84.36 on Tuesday. Eaton has a one year low of $66.98 and a one year high of $84.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.43. The company has a market cap of $36,988.37, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.98 and a beta of 1.38.

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

In other news, Director Charles E. Golden sold 4,311 shares of Eaton stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $76.03, for a total value of $327,765.33. Following the sale, the director now owns 20,275 shares of the company’s stock, valued at $1,541,508.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher M. Connor sold 6,450 shares of Eaton stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $78.04, for a total transaction of $503,358.00. Following the completion of the sale, the director now directly owns 20,100 shares in the company, valued at approximately $1,568,604. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,938 shares of company stock worth $4,597,529. Insiders own 0.80% of the company’s stock.

Several large investors have recently modified their holdings of the company. Cable Hill Partners LLC boosted its holdings in Eaton by 174.8% during the third quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock worth $105,000 after buying an additional 867 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in Eaton during the third quarter worth about $130,000. Carroll Financial Associates Inc. boosted its holdings in Eaton by 113.6% during the fourth quarter. Carroll Financial Associates Inc. now owns 2,805 shares of the industrial products company’s stock worth $221,000 after buying an additional 1,492 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in Eaton during the second quarter worth about $226,000. Finally, InterOcean Capital LLC purchased a new stake in Eaton during the third quarter worth about $240,000. 76.53% of the stock is currently owned by institutional investors and hedge funds.

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About Eaton

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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