Eaton Corporation, PLC (NYSE:ETN) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other research firms have also issued reports on ETN. Zacks Investment Research upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Monday, June 5th. JMP Securities started coverage on shares of Eaton Corporation, PLC in a research note on Monday, June 19th. They set a “market perform” rating on the stock. Argus reiterated a “buy” rating and set a $85.00 price objective (up previously from $83.00) on shares of Eaton Corporation, PLC in a research note on Tuesday, May 30th. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 price objective on shares of Eaton Corporation, PLC in a research note on Thursday, August 24th. Finally, BidaskClub lowered shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.67.

Eaton Corporation, PLC (NYSE ETN) traded up 1.71% on Friday, reaching $76.91. 4,901,320 shares of the company’s stock traded hands. The firm has a market capitalization of $34.21 billion, a P/E ratio of 17.63 and a beta of 1.36. Eaton Corporation, PLC has a 52 week low of $59.07 and a 52 week high of $81.63. The stock has a 50-day moving average of $72.83 and a 200 day moving average of $75.20.

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

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In other Eaton Corporation, PLC news, Director Deborah L. Mccoy sold 6,450 shares of Eaton Corporation, PLC stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.17, for a total value of $471,946.50. Following the completion of the transaction, the director now owns 46,386 shares of the company’s stock, valued at $3,394,063.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America boosted its holdings in Eaton Corporation, PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 12 shares during the period. Haverford Financial Services Inc. boosted its holdings in Eaton Corporation, PLC by 0.7% in the first quarter. Haverford Financial Services Inc. now owns 4,549 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 30 shares during the period. Holderness Investments Co. boosted its holdings in Eaton Corporation, PLC by 0.7% in the first quarter. Holderness Investments Co. now owns 7,231 shares of the industrial products company’s stock worth $536,000 after purchasing an additional 50 shares during the period. Glenview Trust Co boosted its holdings in Eaton Corporation, PLC by 0.7% in the first quarter. Glenview Trust Co now owns 10,367 shares of the industrial products company’s stock worth $769,000 after purchasing an additional 75 shares during the period. Finally, Callahan Advisors LLC boosted its holdings in Eaton Corporation, PLC by 0.6% in the second quarter. Callahan Advisors LLC now owns 12,132 shares of the industrial products company’s stock worth $944,000 after purchasing an additional 75 shares during the period. 75.86% of the stock is owned by hedge funds and other institutional investors.

About Eaton Corporation, PLC

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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Analyst Recommendations for Eaton Corporation, PLC (NYSE:ETN)

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