Eaton (NISE: ETN)In a report released on Tuesday, October 30, MarketBeat Ratings reports said the stocks had a "buy" rating from research analysts Vells Fargo & Co. Currently, they have a target price of $ 85.00 in inventories of industrial products, compared to the previous target price of $ 96.00. The goal of Vells Fargo & Co is a potential increase of 17.47% of the current share price. Analysts noted that the move was a call for evaluation.
Several other analysts in the stock also recently commented on the company. Credit Suisse Group took over the report on Eaton on Friday, October 12th. They issued a rating of "overperform" and a target price of $ 91.00 for the company. On October 12, Gordon Haskett took over the report on Eaton. They issued a "sell" rating for the company. Deutsche Bank raised its target price at Eaton from $ 95 to $ 102 and rated it "buoy" in a report on Friday, September 28. UBS Group upgraded Eaton from "neutral" ratings to "buy" and raised its target price for action from $ 91.00 to $ 100.00 in a report on Friday, September 21st. Finally, Morgan Stanley launched a report on Eaton on Monday, August 20th. They issued a rating of "equal weight" and a target price of $ 86.00 for the company. Two investment analysts rated stocks with a rating of sales, four rated the rating, and fourteen gave a rating to the deal. Eaton has an approval for "Purchase" and a target price of $ 86.12.
NISE ETN opened on Tuesday 72.36 dollars. The company has a market limit of $ 31.43 billion, a ratio of cost-to-earnings ratio of 15.56, a PEG ratio of 1.32 and a beta of 1.49. The company has a debt ratio of 0.40, a debt ratio of 1.49 and a quick ratio of 0.96. Eaton has 1 year low of $ 67.70 and 1 year high of $ 89.85.
Eaton (NISE: ETN) announced the results of its earnings on Tuesday, October 30th. The company for industrial products reported $ 1.43 EPS for a quarter, which hit Zacks Consensus Consensus at $ 1.43. The company generated revenue of $ 5.41 billion over the quarter, compared with analysts' expectations of $ 5.49 billion. Eaton had a return on equity of 13.48% and a net margin of 10.06%. The company's quarterly revenue grew by 3.9% annually. During the same quarter last year, the job earned $ 1.25 EPS. As a group, research analysts predict that Eaton will announce 5.35 EPS for the current fiscal year.
In related news, insider Richard H. Fearon sold 25,000 shares of business capital in a transaction on Wednesday, September 5th. The sale was sold at an average price of $ 83.29 for a total transaction of $ 2,082,250.00. After completing the transaction, insider now owns 221,459 shares in the company, valued at approximately 18,445,320.11 dollars. The transaction was detected in a document submitted to the DIK, which is available through this hyperlink. Also, insider Ken D. Semelsberger sold 11,500 shares of Eaton shares in a transaction on Thursday, September 13th. The shares were sold at an average price of $ 86.57, in the total value of $ 995,555.00. After the sale, Insider now owns 78,883 shares of the company, valued at 6,828,901.31 dollars. The explanation for this sale can be found here. In the last 90 days, insiders sold 55,000 shares of the company in the amount of $ 4,617,645. 0.50% of the shares are owned by the company's insiders.
A number of hedge funds and other institutional investors have recently modified their business assets. BlackRock Inc. in the second quarter increased its position in Eaton by 1.9%. BlackRock Inc. now owns 29,464,156 shares of the company's industrial products in the amount of 2,202,152,000 dollars after having bought an additional 539,852 shares in the last quarter. Boston Partners increased its position in Eaton in the second quarter by 5.3%. Boston partners now have 8,207,138 shares of the company's industrial products valued at $ 613,401,000 after they bought an additional 411,336 stocks in the last quarter. Bank of New York Mellon Corp. increased its position in Eaton in the third quarter by 9.4%. Bank of Nev Iork Mellon Corp now has 6,820,730 shares of the company for industrial products worth 591,563,000 dollars after having bought an additional 586,855 shares in the last quarter. In the third quarter, LSV Asset Management increased its position in Eaton by 310.2%. LSV Asset Management now owns 5,885,523 shares of the company's industrial products in the amount of 441,067,000 dollars after purchasing an additional 3,845,813 shares in the last quarter. Finally, FMR LLC increased its position in Eaton by 13.2% in the second quarter. FMR LLC now owns 4,337,578 shares of the company's industrial products valued at $ 324,191,000 after purchasing an additional 506,129 shares in the last quarter. 78.44% of the shares are owned by institutional investors and hedge funds.
Eaton Corporation plc operates as a power management company around the world. The product segment of electrical products offers electrical and industrial components, residential products, single-phase products, emergency lighting and fire detection products, wiring devices, construction systems and protection and lighting products.
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