Eaton Corporation, PLC (NYSE:ETN)‘s stock had its “hold” rating restated by equities researchers at Stifel Nicolaus in a research note issued on Friday. They presently have a $85.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 8.82% from the stock’s previous close.

ETN has been the subject of a number of other research reports. Buckingham Research initiated coverage on shares of Eaton Corporation, PLC in a research note on Tuesday, October 17th. They set a “neutral” rating and a $82.00 target price for the company. Credit Suisse Group reiterated an “outperform” rating and set a $92.00 target price (up previously from $86.00) on shares of Eaton Corporation, PLC in a research note on Wednesday. Wolfe Research initiated coverage on shares of Eaton Corporation, PLC in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. BidaskClub downgraded shares of Eaton Corporation, PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $75.00 target price on shares of Eaton Corporation, PLC in a research note on Thursday, August 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $82.86.

Eaton Corporation, PLC (ETN) traded down $2.79 during trading hours on Friday, hitting $78.11. 3,759,757 shares of the company’s stock traded hands, compared to its average volume of 2,543,273. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 17.72 and a beta of 1.39.

Eaton Corporation, PLC (NYSE:ETN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.25. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.12 billion. Eaton Corporation, PLC had a net margin of 14.21% and a return on equity of 12.89%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. equities analysts expect that Eaton Corporation, PLC will post 4.6 EPS for the current year.

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In other news, Director Deborah L. Mccoy sold 6,450 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 46,386 shares of the company’s stock, valued at $3,394,063.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America raised its holdings in shares of 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 valued at $129,000 after buying an additional 12 shares during the last quarter. Callahan Advisors LLC raised its holdings in shares of 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 valued at $944,000 after buying an additional 75 shares during the last quarter. First City Capital Management Inc. raised its holdings in shares of Eaton Corporation, PLC by 0.6% in the first quarter. First City Capital Management Inc. now owns 17,365 shares of the industrial products company’s stock valued at $1,288,000 after buying an additional 100 shares during the last quarter. Snow Capital Management LP raised its holdings in shares of Eaton Corporation, PLC by 0.4% in the first quarter. Snow Capital Management LP now owns 34,532 shares of the industrial products company’s stock valued at $2,561,000 after buying an additional 127 shares during the last quarter. Finally, Logan Capital Management Inc. raised its holdings in shares of Eaton Corporation, PLC by 1.6% in the first quarter. Logan Capital Management Inc. now owns 11,880 shares of the industrial products company’s stock valued at $881,000 after buying an additional 190 shares during the last quarter. 76.03% of the stock is owned by institutional investors and hedge funds.

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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