News articles about Eaton (NYSE:ETN) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 0.13 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.6188472674334 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
Shares of Eaton stock opened at $75.97 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. Eaton has a 1 year low of $69.82 and a 1 year high of $89.85. The stock has a market cap of $34,885.85, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.55 and a beta of 1.36.
Eaton (NYSE:ETN) last issued its earnings results on Thursday, February 1st. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Eaton had a net margin of 14.60% and a return on equity of 12.84%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 EPS. equities research analysts forecast that Eaton will post 5.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Monday, March 12th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.48%. This is a positive change from Eaton’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 9th. Eaton’s dividend payout ratio is presently 56.77%.
A number of research firms have recently commented on ETN. ValuEngine cut shares of Eaton from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus restated a “hold” rating and issued a $80.00 price target on shares of Eaton in a report on Monday, December 11th. Jefferies Group restated a “hold” rating and issued a $90.00 price target on shares of Eaton in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Eaton from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Barclays began coverage on shares of Eaton in a report on Thursday, February 15th. They issued an “equal weight” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.64.
In other Eaton news, insider William J. Vanlandingham II sold 10,174 shares of the stock in a transaction dated 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 sale, the insider now directly owns 13,963 shares of the company’s stock, valued at $639,086.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ken D. Semelsberger sold 15,595 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $82.67, for a total transaction of $1,289,238.65. Following the sale, the insider now directly owns 104,613 shares of the company’s stock, valued at $8,648,356.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,769 shares of company stock valued at $2,083,823. Insiders own 0.50% of the company’s stock.
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Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.
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