News coverage about Eaton (NYSE:ETN) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eaton earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.8473508098748 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several analysts recently commented on ETN shares. ValuEngine upgraded shares of Eaton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus upgraded shares of Eaton from a “hold” rating to a “buy” rating and raised their price target for the stock from $77.00 to $99.00 in a report on Sunday, February 4th. Zacks Investment Research upgraded shares of Eaton from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, January 2nd. Argus upgraded shares of Eaton to a “buy” rating and lifted their target price for the company from $85.00 to $90.00 in a research note on Thursday, February 8th. Finally, Barclays started coverage on shares of Eaton in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $90.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $88.20.
Eaton (NYSE ETN) traded down $1.25 during trading hours on Friday, hitting $78.18. 3,332,249 shares of the stock were exchanged, compared to its average volume of 2,911,413. Eaton has a 12 month low of $69.82 and a 12 month high of $89.85. The company has a market capitalization of $35,867.50, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.64.
Eaton (NYSE:ETN) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $1.29 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. research analysts expect that Eaton will post 5.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Monday, March 12th will be given a $0.66 dividend. This is a positive change from Eaton’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.38%. Eaton’s dividend payout ratio (DPR) is currently 39.52%.
In other news, Director Deborah L. Mccoy sold 4,000 shares of Eaton stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $82.23, for a total value of $328,920.00. Following the transaction, the director now owns 35,936 shares of the company’s stock, valued at $2,955,017.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William J. Vanlandingham II sold 10,174 shares of Eaton stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $45.77, for a total transaction of $465,663.98. Following the completion of the transaction, the insider now directly owns 13,963 shares in the company, valued at approximately $639,086.51. The disclosure for this sale can be found here. In the last three months, insiders sold 29,769 shares of company stock worth $2,083,823. Insiders own 0.80% of the company’s stock.
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Eaton 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.
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