Press coverage about Eaton (NYSE:ETN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eaton earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.0448105187812 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- ETN Crosses Above Average Analyst Target (nasdaq.com)
- Eaton Corporation plc (NYSE:ETN) – Do Investors Feel Confident About Stock’s Future Direction? – Nasdaq Journal (press release) (nasdaqjournal.com)
- As Eaton Plc (ETN) Stock Rose, Shareholder Plante Moran … – Hill Country Times (hillcountrytimes.com)
- Contrasting Eaton (ETN) & Kubota (KUBTY) (americanbankingnews.com)
A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Eaton from a “hold” rating to a “sell” rating in a report on Tuesday. Robert W. Baird raised shares of Eaton from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $82.00 to $92.00 in a report on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $80.00 price objective on shares of Eaton in a report on Monday, December 11th. Citigroup lifted their price objective on shares of Eaton from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Jefferies Group lifted their price objective on shares of Eaton from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $83.43.
Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.25. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.12 billion. Eaton had a net margin of 14.21% and a return on equity of 12.89%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. analysts predict that Eaton will post 4.6 EPS for the current year.
In related news, Director Charles E. Golden sold 4,311 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $76.03, for a total value of $327,765.33. Following the sale, the director now directly owns 20,275 shares in the company, valued at approximately $1,541,508.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nandakumar Cheruvatath sold 10,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were 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 in the company, 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 worth $4,597,529 over the last 90 days. 0.80% of the stock is currently owned by company insiders.
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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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