Stock analysts at Wolfe Research began coverage on shares of Eaton Corporation, PLC (NYSE:ETN) in a report issued on Tuesday, July 11th. The brokerage set a “market perform” rating on the industrial products company’s stock.

Other analysts have also issued reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Eaton Corporation, PLC in a research note on Friday, July 7th. Zacks Investment Research raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Wednesday, July 5th. ValuEngine raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Argus reaffirmed a “buy” rating and issued a $85.00 price objective (up from $83.00) on shares of Eaton Corporation, PLC in a research note on Tuesday, May 30th. Finally, Barclays PLC set a $81.00 price objective on Eaton Corporation, PLC and gave the company a “hold” rating in a research note on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $78.54.

Shares of Eaton Corporation, PLC (ETN) opened at 74.53 on Tuesday. The firm has a market cap of $33.15 billion, a P/E ratio of 17.09 and a beta of 1.35. The stock has a 50 day moving average of $78.18 and a 200 day moving average of $74.86. Eaton Corporation, PLC has a 52 week low of $59.07 and a 52 week high of $81.63.

Eaton Corporation, PLC (NYSE:ETN) last released its earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.01. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.14 billion. Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.07 earnings per share. Analysts anticipate that Eaton Corporation, PLC will post $4.63 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of ETN. Massmutual Trust Co. FSB ADV increased its position in shares of Eaton Corporation, PLC by 9.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,402 shares of the industrial products company’s stock worth $104,000 after buying an additional 120 shares during the period. Harfst & Associates Inc. bought a new position in shares of Eaton Corporation, PLC during the first quarter worth about $109,000. Tompkins Financial Corp bought a new position in shares of Eaton Corporation, PLC during the first quarter worth about $124,000. Guardian Life Insurance Co. of America increased its position in shares of Eaton Corporation, PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock worth $129,000 after buying an additional 12 shares during the period. Finally, Crestwood Advisors Group LLC bought a new position in shares of Eaton Corporation, PLC during the first quarter worth about $137,000. Institutional investors own 76.32% of the company’s stock.

About Eaton Corporation, PLC

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 Corporation, PLC (NYSE:ETN)

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