Eaton Co., PLC PT Lowered to $81.00 (ETN)
Investment analysts at Argus dropped their target price on shares of Eaton Co., PLC (NYSE:ETN) from $84.00 to $81.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Argus’ price target would indicate a potential upside of 20.57% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bernstein cut their price target on shares of Eaton Co., PLC from $95.00 to $87.00 in a research note on Thursday. Separately, analysts at Morgan Stanley cut their price target on shares of Eaton Co., PLC from $90.00 to $88.00 in a research note on Thursday. Finally, analysts at Robert W. Baird cut their price target on shares of Eaton Co., PLC from $86.00 to $84.00 in a research note on Thursday. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Eaton Co., PLC currently has a consensus rating of “Buy” and a consensus target price of $80.18.
Shares of Eaton Co., PLC (NYSE:ETN) opened at 67.18 on Monday. Eaton Co., PLC has a 1-year low of $62.89 and a 1-year high of $79.98. The stock’s 50-day moving average is $76.60 and its 200-day moving average is $74.2. The company has a market cap of $31.971 billion and a price-to-earnings ratio of 20.12.
Eaton Co., PLC (NYSE:ETN) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.15 by $0.04. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter last year, the company posted $1.09 earnings per share. Eaton Co., PLC’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Eaton Co., PLC will post $4.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Monday, August 4th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, July 31st.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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