Eaton Corporation, PLC (NYSE:ETN) – Analysts at Oppenheimer Holdings increased their FY2017 earnings per share (EPS) estimates for Eaton Corporation, PLC in a report released on Tuesday. Oppenheimer Holdings analyst C. Glynn now forecasts that the industrial products company will earn $4.61 per share for the year, up from their prior forecast of $4.60. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Eaton Corporation, PLC’s Q4 2017 earnings at $1.25 EPS, Q1 2018 earnings at $1.07 EPS, Q2 2018 earnings at $1.27 EPS, Q3 2018 earnings at $1.35 EPS, Q4 2018 earnings at $1.31 EPS and FY2018 earnings at $5.00 EPS.

Eaton Corporation, PLC (NYSE:ETN) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.25 EPS for the quarter, meeting the consensus estimate of $1.25. Eaton Corporation, PLC had a net margin of 14.21% and a return on equity of 12.89%. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis.

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Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Credit Suisse Group restated an “outperform” rating and set a $92.00 price objective (up previously from $86.00) on shares of Eaton Corporation, PLC in a research report on Wednesday. Jefferies Group LLC raised their price objective on shares of Eaton Corporation, PLC from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday. Citigroup Inc. raised their price objective on shares of Eaton Corporation, PLC from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus restated a “hold” rating and set a $80.00 price objective on shares of Eaton Corporation, PLC in a research report on Friday, July 7th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $82.64.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, November 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 3.00%. Eaton Corporation, PLC’s dividend payout ratio (DPR) is currently 37.68%.

In related news, Director Deborah L. Mccoy sold 6,450 shares of Eaton Corporation, PLC 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 completion of the transaction, the director now directly owns 46,386 shares of the company’s stock, valued at approximately $3,394,063.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cable Hill Partners LLC lifted its position in Eaton Corporation, PLC by 174.8% during the 3rd quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 867 shares during the period. Harfst & Associates Inc. purchased a new position in Eaton Corporation, PLC during the 1st quarter valued at about $109,000. Captrust Financial Advisors purchased a new position in Eaton Corporation, PLC during the 2nd quarter valued at about $133,000. Guardian Life Insurance Co. of America lifted its position in Eaton Corporation, PLC by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 12 shares during the period. Finally, Acrospire Investment Management LLC lifted its position in Eaton Corporation, PLC by 325.9% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 1,600 shares during the period. 76.03% of the stock is owned by 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.

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

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