News articles about Eaton Corporation, PLC (NYSE:ETN) have trended positive recently, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Eaton Corporation, PLC earned a news sentiment score of 0.41 on Alpha One’s scale. Alpha One also gave news articles 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 near future.
These are some of the media stories that may have effected Alpha One’s scoring:
- Eaton Vance Tax-Managed Diversi (ETY) Hits a 52-Week High (upbeacon.net)
- Checking on the Technicals For Eaton Vance Ltd Duration Income Fund (EVV) (nyhetsbanken.info)
- Eaton Vance Municipal Bond Fund II of Beneficial Interest $.01 Par Value (trikkles.com)
- Would You Buy Eaton Corporation, PLC (NYSE:ETN) On These Analyst Ratings? (thedailyzipper.com)
- ETFs with exposure to Eaton Corp. Plc : June 13, 2017 (finance.yahoo.com)
A number of analysts recently commented on ETN shares. Royal Bank of Canada reiterated a “hold” rating and set a $73.00 price objective on shares of Eaton Corporation, PLC in a research report on Sunday, March 12th. Credit Suisse Group reissued a “buy” rating on shares of Eaton Corporation, PLC in a research note on Tuesday, March 28th. Zacks Investment Research raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Tuesday, February 21st. Longbow Research raised Eaton Corporation, PLC from a “neutral” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Tuesday, April 4th. Finally, Citigroup Inc. raised their price target on Eaton Corporation, PLC from $80.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $77.00.
Eaton Corporation, PLC (ETN) traded up 0.87% during trading on Friday, hitting $76.80. The stock had a trading volume of 2,615,526 shares. Eaton Corporation, PLC has a 12-month low of $54.30 and a 12-month high of $79.31. The company has a market cap of $34.35 billion, a P/E ratio of 17.89 and a beta of 1.27. The company has a 50 day moving average of $76.71 and a 200-day moving average of $72.39.
Eaton Corporation, PLC (NYSE:ETN) last issued its earnings results on Tuesday, May 2nd. The industrial products company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. Eaton Corporation, PLC had a return on equity of 12.82% and a net margin of 9.86%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that Eaton Corporation, PLC will post $4.63 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $2.40 annualized dividend and a dividend yield of 3.13%. Eaton Corporation, PLC’s dividend payout ratio (DPR) is presently 55.81%.
In other news, insider Richard H. Fearon sold 25,000 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $76.24, for a total transaction of $1,906,000.00. Following the completion of the sale, the insider now owns 236,497 shares in the company, valued at approximately $18,030,531.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Uday Yadav sold 3,034 shares of the company’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $76.08, for a total value of $230,826.72. Following the sale, the insider now owns 22,601 shares of the company’s stock, valued at approximately $1,719,484.08. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.
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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.
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