Eaton Co. PLC (NYSE:ETN) has been given a consensus recommendation of “Hold” by the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $86.46.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Eaton from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Vertical Research upgraded Eaton from a “hold” rating to a “buy” rating in a research report on Monday, March 4th. Robert W. Baird set a $89.00 price objective on Eaton and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Wells Fargo & Co upped their price objective on Eaton from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $82.00 price objective on Eaton and gave the stock a “hold” rating in a research report on Saturday, February 2nd.

In other Eaton news, Director Dorothy C. Thompson bought 1,655 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $78.54 per share, for a total transaction of $129,983.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Richard H. Fearon sold 1,335 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $80.19, for a total value of $107,053.65. The disclosure for this sale can be found here. Insiders have sold a total of 30,589 shares of company stock worth $2,465,553 in the last quarter. Insiders own 0.70% of the company’s stock.

Several large investors have recently made changes to their positions in ETN. Redwood Investment Management LLC acquired a new position in Eaton in the 1st quarter valued at $275,000. WealthPLAN Partners LLC raised its stake in Eaton by 40.2% in the 1st quarter. WealthPLAN Partners LLC now owns 8,325 shares of the industrial products company’s stock valued at $662,000 after purchasing an additional 2,386 shares during the last quarter. Sandbar Asset Management LLP acquired a new position in Eaton in the 1st quarter valued at $4,578,000. BlueMountain Capital Management LLC acquired a new position in Eaton in the 1st quarter valued at $864,000. Finally, Kore Private Wealth LLC acquired a new position in Eaton in the 1st quarter valued at $62,000. Hedge funds and other institutional investors own 80.07% of the company’s stock.

Eaton stock traded down $1.26 during mid-day trading on Friday, hitting $78.75. The company had a trading volume of 1,607,800 shares, compared to its average volume of 2,484,907. The company has a current ratio of 1.47, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Eaton has a 12-month low of $64.46 and a 12-month high of $89.46. The firm has a market cap of $33.65 billion, a PE ratio of 14.61, a P/E/G ratio of 1.54 and a beta of 1.47.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.01. Eaton had a return on equity of 14.56% and a net margin of 10.06%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Eaton will post 5.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.71 per share. The ex-dividend date is Thursday, May 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.61%. Eaton’s dividend payout ratio (DPR) is 52.69%.

About Eaton

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.

See Also: What is a Buy-Side Analyst?

Analyst Recommendations for Eaton (NYSE:ETN)

Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.