Eaton Corporation, PLC (NYSE:ETN) had its price objective boosted by stock analysts at Citigroup Inc. from $88.00 to $90.00 in a research note issued on Friday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 14.33% from the stock’s previous close.

ETN has been the topic of several other reports. Wolfe Research started coverage on shares of Eaton Corporation, PLC in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. BidaskClub downgraded shares of Eaton Corporation, PLC from a “hold” rating to a “sell” rating in a report on Monday, July 31st. 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 report on Wednesday, July 5th. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price target on shares of Eaton Corporation, PLC in a report on Thursday, August 24th. Finally, JMP Securities started coverage on shares of Eaton Corporation, PLC in a report on Monday, June 19th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.33.

Shares of Eaton Corporation, PLC (NYSE ETN) traded up 0.20% during trading on Friday, hitting $78.88. 488,441 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $75.23 and a 200-day moving average price of $75.90. Eaton Corporation, PLC has a one year low of $59.07 and a one year high of $81.63. The stock has a market cap of $35.09 billion, a P/E ratio of 18.08 and a beta of 1.36.

Eaton Corporation, PLC (NYSE:ETN) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.01). Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts expect that Eaton Corporation, PLC will post $4.60 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 the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.17, for a total transaction of $471,946.50. Following the sale, the director now directly owns 46,386 shares in the company, valued at approximately $3,394,063.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Harfst & Associates Inc. purchased a new stake in shares of Eaton Corporation, PLC during the 1st quarter worth $109,000. Captrust Financial Advisors purchased a new stake in shares of Eaton Corporation, PLC in the 2nd quarter worth about $133,000. Guardian Life Insurance Co. of America boosted its position in shares of Eaton Corporation, PLC by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock worth $129,000 after buying an additional 12 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Eaton Corporation, PLC by 168.8% in the 1st quarter. Citizens Financial Group Inc. RI now owns 2,059 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,293 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of Eaton Corporation, PLC by 325.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 75.87% of the company’s stock.

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.

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

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