Somewhat Positive Media Coverage Likely to Impact Eaton Co., PLC (ETN) Share Price
Press coverage about Eaton Co., PLC (NYSE:ETN) has trended somewhat positive on Friday, according to AlphaOne. AlphaOne, a unit of Accern, rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eaton Co., PLC earned a news impact score of 0.17 on AlphaOne’s scale. AlphaOne also assigned media stories about the industrial products company an impact score of 69 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Alpha One Sentiment Analysis’s analysis:
- We’re Still Bullish on Eaton (finance.yahoo.com)
- Eaton Co., PLC (ETN) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- Are Alternative Energy ETFs In Trouble Under Trump? (etfdailynews.com)
- Bull of the Day: Caterpillar (CAT) (finance.yahoo.com)
- Eaton Co., PLC (ETN) Getting Somewhat Negative Media Coverage, Report Shows (americanbankingnews.com)
Shares of Eaton Co., PLC (NYSE:ETN) traded down 0.24% during midday trading on Friday, hitting $73.85. The stock had a trading volume of 2,624,756 shares. The firm has a market cap of $33.21 billion, a P/E ratio of 17.54 and a beta of 1.32. The company’s 50 day moving average is $73.38 and its 200 day moving average is $68.88. Eaton Co., PLC has a 52 week low of $54.30 and a 52 week high of $76.39.
Eaton Co., PLC (NYSE:ETN) last issued its earnings results on Thursday, February 2nd. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.91 billion. Eaton Co., PLC had a return on equity of 12.56% and a net margin of 9.73%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. On average, equities analysts predict that Eaton Co., PLC will post $4.45 earnings per share for the current fiscal year.
ETN has been the subject of several research analyst reports. Zacks Investment Research upgraded Eaton Co., PLC from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, February 21st. Royal Bank of Canada set a $67.00 price objective on Eaton Co., PLC and gave the company a “hold” rating in a research report on Wednesday, January 4th. Credit Suisse Group AG reiterated a “buy” rating on shares of Eaton Co., PLC in a research report on Sunday, February 5th. Vertical Research lowered Eaton Co., PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. lowered Eaton Co., PLC from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $70.00 in a research report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Eaton Co., PLC has a consensus rating of “Hold” and an average target price of $74.14.
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In other Eaton Co., PLC news, SVP Thomas E. Moran sold 3,470 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $72.13, for a total value of $250,291.10. Following the sale, the senior vice president now directly owns 10,668 shares in the company, valued at $769,482.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Deborah L. Mccoy sold 5,000 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $72.19, for a total value of $360,950.00. Following the completion of the sale, the director now owns 39,936 shares in the company, valued at $2,882,979.84. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
Eaton Co., PLC 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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