Eaton (NYSE:ETN) PT Set at $144.00 by Robert W. Baird

Eaton (NYSE:ETNGet Rating) has been assigned a $144.00 target price by Robert W. Baird in a report released on Tuesday, The Fly reports. Robert W. Baird’s target price points to a potential downside of 1.63% from the stock’s current price.

Other analysts have also issued reports about the company. Mizuho decreased their price objective on Eaton from $185.00 to $145.00 and set a “buy” rating for the company in a report on Monday, July 18th. Wells Fargo & Company reduced their price objective on shares of Eaton from $142.00 to $139.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 12th. Barclays cut their target price on Eaton from $120.00 to $112.00 and set an “underweight” rating on the stock in a research note on Friday, July 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Eaton from $178.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Finally, Citigroup lowered their target price on Eaton from $180.00 to $150.00 in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eaton has an average rating of “Moderate Buy” and an average target price of $160.00.

Eaton Stock Down 0.8 %

Shares of NYSE ETN opened at $146.39 on Tuesday. The firm has a market cap of $58.41 billion, a PE ratio of 26.47, a P/E/G ratio of 1.79 and a beta of 1.19. Eaton has a 12-month low of $122.50 and a 12-month high of $175.72. The company’s fifty day simple moving average is $133.81 and its 200 day simple moving average is $144.37. The company has a quick ratio of 0.59, a current ratio of 0.99 and a debt-to-equity ratio of 0.41.

Eaton (NYSE:ETNGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.05. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.22 billion. Eaton had a return on equity of 16.92% and a net margin of 11.21%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 EPS. As a group, sell-side analysts forecast that Eaton will post 7.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Eaton news, insider Boise April Miller sold 12,283 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $138.66, for a total transaction of $1,703,160.78. Following the sale, the insider now owns 11,435 shares in the company, valued at $1,585,577.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wade G W & Inc. grew its holdings in shares of Eaton by 3.7% during the 4th quarter. Wade G W & Inc. now owns 1,839 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 65 shares during the last quarter. Burney Co. grew its position in Eaton by 1.0% during the 1st quarter. Burney Co. now owns 7,103 shares of the industrial products company’s stock worth $1,078,000 after acquiring an additional 68 shares during the last quarter. B. Riley Wealth Management Inc. increased its stake in Eaton by 1.0% in the 4th quarter. B. Riley Wealth Management Inc. now owns 6,899 shares of the industrial products company’s stock worth $1,192,000 after purchasing an additional 69 shares during the period. Oldfather Financial Services LLC lifted its position in Eaton by 1.8% in the fourth quarter. Oldfather Financial Services LLC now owns 4,229 shares of the industrial products company’s stock valued at $664,000 after purchasing an additional 73 shares during the last quarter. Finally, Trust Investment Advisors increased its stake in shares of Eaton by 0.8% in the first quarter. Trust Investment Advisors now owns 9,530 shares of the industrial products company’s stock worth $1,446,000 after buying an additional 73 shares during the period. 79.10% of the stock is currently owned by institutional investors.

Eaton Company Profile

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Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.

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