Eaton Corporation, PLC (NYSE:ETN) – Stock analysts at Jefferies Group decreased their FY2017 EPS estimates for Eaton Corporation, PLC in a report released on Thursday. Jefferies Group analyst S. Volkmann now expects that the industrial products company will post earnings per share of $4.65 for the year, down from their previous forecast of $4.70. Jefferies Group currently has a “Hold” rating and a $75.00 target price on the stock. Jefferies Group also issued estimates for Eaton Corporation, PLC’s Q4 2017 earnings at $1.27 EPS.

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 analysts’ consensus estimates of $1.16 by ($0.01). Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis.

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A number of other equities analysts have also recently weighed in on ETN. JMP Securities initiated coverage on shares of Eaton Corporation, PLC in a research report on Monday, June 19th. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Wednesday, July 5th. Stifel Nicolaus reissued a “hold” rating and set a $80.00 price target on shares of Eaton Corporation, PLC in a research report on Friday, July 7th. Wolfe Research initiated coverage on shares of Eaton Corporation, PLC in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $78.00 price target on shares of Eaton Corporation, PLC in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.31.

Shares of Eaton Corporation, PLC (NYSE:ETN) opened at 77.80 on Friday. The stock’s 50 day moving average price is $74.27 and its 200-day moving average price is $75.70. Eaton Corporation, PLC has a 12 month low of $59.07 and a 12 month high of $81.63. The firm has a market cap of $34.61 billion, a P/E ratio of 17.84 and a beta of 1.36.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Eaton Corporation, PLC by 17.0% during the 1st quarter. Bank of America Corp DE now owns 6,407,605 shares of the industrial products company’s stock worth $475,123,000 after purchasing an additional 932,400 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Eaton Corporation, PLC by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 30,348,561 shares of the industrial products company’s stock worth $2,250,347,000 after purchasing an additional 695,285 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Eaton Corporation, PLC by 8.2% during the 1st quarter. Lazard Asset Management LLC now owns 5,849,259 shares of the industrial products company’s stock worth $433,722,000 after purchasing an additional 443,090 shares during the last quarter. Matrix Asset Advisors Inc. NY increased its stake in shares of Eaton Corporation, PLC by 0.5% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 312,454 shares of the industrial products company’s stock worth $24,318,000 after purchasing an additional 1,455 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Eaton Corporation, PLC by 1.6% during the 1st quarter. UBS Group AG now owns 1,810,784 shares of the industrial products company’s stock worth $134,270,000 after purchasing an additional 28,426 shares during the last quarter. Institutional investors own 75.87% of the company’s stock.

In other news, Director Deborah L. Mccoy sold 6,450 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $73.17, for a total transaction of $471,946.50. Following the transaction, the director now directly owns 46,386 shares in the company, valued at approximately $3,394,063.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by insiders.

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.

Earnings History and Estimates for Eaton Corporation, PLC (NYSE:ETN)

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