Recent Investment Analysts’ Ratings Changes for Eaton (ETN)

Eaton (NYSE: ETN) recently received a number of ratings updates from brokerages and research firms:

  • 2/8/2018 – Eaton had its price target raised by analysts at Argus from $85.00 to $90.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – Eaton was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Eaton have gained higher than the industry in a year. Its fourth-quarter earnings and total revenues were better than expectations thanks to contribution of every segment.   Strong organic sales and positive currency translation also acted as tailwind.  We believe the improvement in end-market conditions is boosting the order book of the company. The free cash flow generation capability is also helping Eaton to move ahead with its shareholder-friendly initiatives. Ongoing R&D investments will help it to upgrade products and provide better electrical solutions to its customers. The company will gain from its multiyear restructuring program, which is expected to boost margins. Eaton’s wide operation exposes it to weather calamities, natural disaster, cyber-attacks and security breaches, which could adversely impact operation and earnings.”
  • 2/4/2018 – Eaton was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock, up previously from $77.00.
  • 2/2/2018 – Eaton had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $90.00 price target on the stock.
  • 2/2/2018 – Eaton was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/23/2018 – Eaton is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $87.00 price target on the stock.
  • 1/9/2018 – Eaton was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “In the last six months, Eaton’s shares have returned lower than the industry it belongs to. Eaton’s wide operation exposes it to weather calamities, natural disaster, cyber-attacks and security breaches, which could adversely impact operation and earnings. Eaton expects its fourth quarter earnings to be adversely impact as the Tax Cuts and Jobs Act was signed into a law.  Eaton’s wide market reach and varied product offerings will ensure continuous revenue generation for the company. Its restructuring activities will drive performance and help Eaton to achieve its guidance for the year. Consistent R&D investments will help it to create new products and provide better electrical solutions to its customers. The free cash flow generation capability is also helping Eaton to move ahead with its share repurchase program. The improvement in end-market conditions is boosting the order book of the company.”
  • 1/3/2018 – Eaton was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last 24 months, Eaton’s shares have gained higher than the industry.  Eaton’s wide market reach and varied product offerings will ensure continuous revenue generation for the company. Its restructuring activities will drive performance and help Eaton to achieve its guidance for the year. Consistent R&D investments will help it to create new products and provide better electrical solutions to its customers. The free cash flow generation capability is also helping Eaton to move ahead with its share repurchase program. We believe the improvement in end-market conditions is boosting the order book of the company. However, wide operation exposes it to weather calamities, natural disaster, cyber-attacks and security breaches, which adversely impact operation and earnings.”
  • 1/3/2018 – Eaton was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $92.00 price target on the stock, up previously from $82.00.
  • 1/2/2018 – Eaton was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “In the last 24 months, Eaton’s shares have gained higher than the industry.  Eaton’s wide market reach and varied product offerings will ensure continuous revenue generation for the company. Its restructuring activities will drive performance and help Eaton to achieve its guidance for the year. Consistent R&D investments will help it to create new products and provide better electrical solutions to its customers. The free cash flow generation capability is also helping Eaton to move ahead with its share repurchase program. We believe the improvement in end-market conditions is boosting the order book of the company. However, wide operation exposes it to weather calamities, natural disaster, cyber-attacks and security breaches, which adversely impact operation and earnings.”

Eaton Co., PLC (ETN) opened at $80.77 on Monday. Eaton Co., PLC has a twelve month low of $69.82 and a twelve month high of $89.85. The firm has a market capitalization of $35,587.26, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 0.41.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. Eaton had a net margin of 14.60% and a return on equity of 12.84%. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the company earned $1.12 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts anticipate that Eaton Co., PLC will post 5.14 earnings per share for the current fiscal year.

In other news, Director Charles E. Golden sold 4,311 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $76.03, for a total transaction of $327,765.33. Following the completion of the sale, the director now directly owns 20,275 shares of the company’s stock, valued at approximately $1,541,508.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis J. Hutchins sold 14,360 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $78.36, for a total transaction of $1,125,249.60. Following the sale, the insider now directly owns 26,596 shares of the company’s stock, valued at $2,084,062.56. The disclosure for this sale can be found here. Insiders have sold a total of 28,745 shares of company stock valued at $2,233,669 over the last three months. Corporate insiders own 0.80% of the company’s stock.

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.

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