Shares of Eaton Corporation, PLC (NYSE:ETN) have been given an average recommendation of “Hold” by the twenty-three research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $82.54.

A number of research analysts have commented on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Eaton Corporation, PLC in a research note on Tuesday, October 31st. Citigroup Inc. upped their price target on Eaton Corporation, PLC from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Buckingham Research assumed coverage on Eaton Corporation, PLC in a research note on Tuesday, October 17th. They set a “neutral” rating and a $82.00 price target on the stock. BidaskClub cut Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $78.00 price target on shares of Eaton Corporation, PLC in a research note on Wednesday, July 12th.

ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/11/05/eaton-corporation-plc-etn-given-average-rating-of-hold-by-brokerages.html.

In related news, Director Deborah L. Mccoy sold 6,450 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $73.17, for a total value of $471,946.50. Following 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Cable Hill Partners LLC increased its holdings in Eaton Corporation, PLC by 174.8% in the third quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after buying an additional 867 shares during the last quarter. Harfst & Associates Inc. purchased a new position in Eaton Corporation, PLC in the first quarter valued at $109,000. Captrust Financial Advisors purchased a new position in Eaton Corporation, PLC in the second quarter valued at $133,000. Guardian Life Insurance Co. of America increased 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 valued at $129,000 after buying an additional 12 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in Eaton Corporation, PLC by 325.9% in the second quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after buying an additional 1,600 shares during the last quarter. 76.03% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Corporation, PLC (NYSE ETN) traded down $1.28 on Friday, reaching $78.10. The company had a trading volume of 4,477,267 shares, compared to its average volume of 2,543,273. The stock has a market capitalization of $34,410.86, a price-to-earnings ratio of 17.43, a PEG ratio of 1.92 and a beta of 1.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.43 and a quick ratio of 0.81.

Eaton Corporation, PLC (NYSE:ETN) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.25 EPS for the quarter, meeting analysts’ consensus estimates of $1.25. Eaton Corporation, PLC had a return on equity of 12.89% and a net margin of 14.21%. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. equities research analysts expect that Eaton Corporation, PLC will post 4.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, November 2nd. Eaton Corporation, PLC’s dividend payout ratio (DPR) is presently 37.68%.

Eaton Corporation, PLC Company Profile

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)

Receive News & Ratings for Eaton Corporation PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Corporation PLC and related companies with MarketBeat.com's FREE daily email newsletter.