News articles about Eaton (NYSE:ETN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 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 news sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.0009306652964 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- ETN Crosses Above Average Analyst Target (nasdaq.com)
- Eaton Corporation plc (NYSE:ETN) – Do Investors Feel Confident About Stock’s Future Direction? – Nasdaq Journal (press release) (nasdaqjournal.com)
- As Eaton Plc (ETN) Stock Rose, Shareholder Plante Moran … – Hill Country Times (hillcountrytimes.com)
- Contrasting Eaton (ETN) & Kubota (KUBTY) (americanbankingnews.com)
A number of analysts recently commented on ETN shares. Citigroup lifted their price objective on Eaton from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $92.00 price objective (up previously from $86.00) on shares of Eaton in a research report on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $80.00 price objective on shares of Eaton in a research report on Monday, December 11th. ValuEngine upgraded Eaton from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, Buckingham Research initiated coverage on Eaton in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $82.00 price target on the stock. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $83.43.
Eaton (NYSE:ETN) traded up $0.25 during midday trading on Friday, hitting $84.24. The stock had a trading volume of 2,417,481 shares, compared to its average volume of 2,410,000. The firm has a market cap of $37,010.00, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.91 and a beta of 1.38. Eaton has a fifty-two week low of $66.98 and a fifty-two week high of $84.35. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.44.
Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share for the quarter, meeting the consensus estimate of $1.25. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.12 billion. Eaton had a return on equity of 12.89% and a net margin of 14.21%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. equities analysts expect that Eaton will post 4.6 earnings per share for the current fiscal year.
In related news, Director Charles E. Golden sold 4,311 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $76.03, for a total transaction of $327,765.33. Following the transaction, the director now directly owns 20,275 shares of the company’s stock, valued at approximately $1,541,508.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nandakumar Cheruvatath sold 10,000 shares of Eaton stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $77.50, for a total value of $775,000.00. Following the sale, the insider now owns 16,571 shares in the company, valued at $1,284,252.50. The disclosure for this sale can be found here. Insiders have sold a total of 58,938 shares of company stock worth $4,597,529 over the last three months. 0.80% of the stock is currently owned by corporate insiders.
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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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