Eaton (ETN) Getting Somewhat Critical News Coverage, Analysis Finds

News headlines about Eaton (NYSE:ETN) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Eaton earned a media sentiment score of -0.02 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 43.0401589903087 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s analysis:

Eaton (NYSE:ETN) traded down $1.29 during trading on Tuesday, hitting $76.41. 2,329,200 shares of the stock were exchanged, compared to its average volume of 2,310,615. Eaton has a 12-month low of $66.60 and a 12-month high of $82.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.43. The company has a market cap of $34,230.00, a P/E ratio of 17.34, a PEG ratio of 2.00 and a beta of 1.38.

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

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, November 2nd. This represents a $2.40 annualized dividend and a yield of 3.14%. Eaton’s payout ratio is 55.05%.

Several analysts have commented on ETN shares. Morgan Stanley reiterated an “overweight” rating and issued a $88.00 price target (up previously from $87.00) on shares of Eaton in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 price target on shares of Eaton in a research note on Thursday, October 12th. Jefferies Group reiterated a “hold” rating and issued a $75.00 price target on shares of Eaton in a research note on Thursday, August 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $92.00 price target (up previously from $86.00) on shares of Eaton in a research note on Wednesday, November 1st. Finally, Bank of America cut shares of Eaton from a “buy” rating to an “underperform” rating in a research note on Tuesday, October 17th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $82.86.

In related 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 transaction of $471,946.50. Following the transaction, 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 accessible through the SEC website. Also, Director Charles E. Golden sold 4,311 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $76.03, for a total transaction of $327,765.33. Following the transaction, the director now owns 20,275 shares in the company, valued at $1,541,508.25. The disclosure for this sale can be found here. Insiders have sold a total of 55,314 shares of company stock worth $4,288,821 over the last quarter. 0.80% of the stock is currently owned by insiders.

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About Eaton

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.

Insider Buying and Selling by Quarter for Eaton (NYSE:ETN)

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