Robert W. Baird upgraded shares of Eaton (NYSE:ETN) from a neutral rating to an outperform rating in a report released on Wednesday, January 3rd, Marketbeat reports. They currently have $92.00 price objective on the industrial products company’s stock, up from their previous price objective of $82.00.

Other research analysts have also recently issued research reports about the company. Citigroup boosted their price objective on Eaton from $90.00 to $92.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. Stifel Nicolaus restated a hold rating and set a $80.00 price objective on shares of Eaton in a research note on Monday, December 11th. 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. Zacks Investment Research upgraded Eaton from a hold rating to a buy rating and set a $88.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, ValuEngine upgraded Eaton from a hold rating to a buy rating in a research note on Friday, September 15th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Eaton presently has an average rating of Hold and an average price target of $83.67.

Shares of Eaton (NYSE:ETN) opened at $85.59 on Wednesday. Eaton has a 1 year low of $69.41 and a 1 year high of $86.82. 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 stock has a market capitalization of $38,107.49, a PE ratio of 19.31, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38.

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

In related news, Director Christopher M. Connor sold 6,450 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $78.04, for a total value of $503,358.00. Following the completion of the transaction, the director now directly owns 20,100 shares of the company’s stock, valued at approximately $1,568,604. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nandakumar Cheruvatath sold 10,000 shares of the company’s 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 completion of the sale, the insider now owns 16,571 shares of the company’s stock, valued at $1,284,252.50. The disclosure for this sale can be found here. Insiders sold a total of 58,938 shares of company stock valued at $4,597,529 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Several large investors have recently made changes to their positions in ETN. Harfst & Associates Inc. lifted its position in shares of Eaton by 21.8% during the 2nd quarter. Harfst & Associates Inc. now owns 1,798 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 322 shares during the last quarter. Pring Turner Capital Group Inc. lifted its position in shares of Eaton by 1.4% during the 2nd quarter. Pring Turner Capital Group Inc. now owns 36,005 shares of the industrial products company’s stock valued at $2,802,000 after acquiring an additional 490 shares during the last quarter. Financial Counselors Inc. lifted its position in shares of Eaton by 2.0% during the 3rd quarter. Financial Counselors Inc. now owns 33,149 shares of the industrial products company’s stock valued at $2,546,000 after acquiring an additional 655 shares during the last quarter. Smithfield Trust Co. lifted its position in shares of Eaton by 6.8% during the 3rd quarter. Smithfield Trust Co. now owns 13,152 shares of the industrial products company’s stock valued at $1,009,000 after acquiring an additional 837 shares during the last quarter. Finally, Cable Hill Partners LLC lifted its position in shares of Eaton by 174.8% during the 3rd quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 867 shares during the last quarter. Institutional investors own 76.60% of the company’s stock.

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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.

Analyst Recommendations for Eaton (NYSE:ETN)

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