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Eaton Co., PLC (NYSE:ETN) shares hit a new 52-week high during trading on Monday , reports. The stock traded as high as $79.63 and last traded at $79.45, with a volume of 2,428,751 shares trading hands. The stock had previously closed at $77.56.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Eaton Co., PLC in a research note on Monday, April 28th. They now have a $78.00 price target on the stock. Analysts at Morgan Stanley cut their price target on shares of Eaton Co., PLC from $90.00 to $89.00 in a research note on Monday, April 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $80.73.

The stock’s 50-day moving average is $73.89 and its 200-day moving average is $73.7. The company has a market cap of $37.817 billion and a price-to-earnings ratio of 19.25.

Eaton Co., PLC (NYSE:ETN) last released its earnings data on Tuesday, April 29th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.01. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Eaton Co., PLC will post $4.77 EPS for the current fiscal year.

Eaton Corporation (NYSE:ETN) is a diversified power management company.

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