Brokerages Set Eaton Co. plc (NYSE:ETN) Target Price at $367.83

Shares of Eaton Co. plc (NYSE:ETN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seventeen research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $367.83.

Several analysts recently commented on the company. Wolfe Research raised Eaton from an "underperform" rating to a "peer perform" rating in a research note on Friday, September 6th. Barclays increased their target price on shares of Eaton from $320.00 to $353.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Bank of America upped their price objective on shares of Eaton from $350.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Mizuho lifted their target price on shares of Eaton from $365.00 to $385.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group lifted their price objective on Eaton from $400.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, December 6th.

Eaton Stock Performance

NYSE ETN traded up $0.52 during midday trading on Thursday, hitting $335.64. The company had a trading volume of 2,447,375 shares, compared to its average volume of 2,085,172. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $356.34 and a two-hundred day simple moving average of $326.94. Eaton has a fifty-two week low of $231.84 and a fifty-two week high of $379.99. The stock has a market cap of $132.64 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 2.74 and a beta of 1.03.

Eaton (NYSE:ETN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.04. Eaton had a return on equity of 21.97% and a net margin of 15.32%. The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.37 billion. During the same period in the previous year, the business posted $2.47 earnings per share. Eaton's quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Eaton will post 10.8 earnings per share for the current fiscal year.

Eaton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 4th were paid a $0.94 dividend. The ex-dividend date was Monday, November 4th. This represents a $3.76 annualized dividend and a dividend yield of 1.12%. Eaton's payout ratio is 40.00%.

Insider Buying and Selling at Eaton

In other Eaton news, insider Craig Arnold sold 61,569 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $360.97, for a total value of $22,224,561.93. Following the completion of the transaction, the insider now owns 506,360 shares of the company's stock, valued at $182,780,769.20. The trade was a 10.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ernest W. Marshall, Jr. sold 1,412 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $378.58, for a total transaction of $534,554.96. Following the sale, the insider now owns 31,200 shares of the company's stock, valued at approximately $11,811,696. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,981 shares of company stock worth $27,660,117. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Eaton

Large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Eaton by 253.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,273,685 shares of the industrial products company's stock worth $753,590,000 after purchasing an additional 1,629,856 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Eaton by 27,075.5% in the third quarter. International Assets Investment Management LLC now owns 1,073,976 shares of the industrial products company's stock valued at $355,959,000 after acquiring an additional 1,070,024 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Eaton by 32.8% during the 3rd quarter. Janus Henderson Group PLC now owns 2,419,200 shares of the industrial products company's stock worth $801,798,000 after acquiring an additional 597,700 shares in the last quarter. Wulff Hansen & CO. grew its stake in Eaton by 31,255.0% in the 2nd quarter. Wulff Hansen & CO. now owns 478,164 shares of the industrial products company's stock valued at $149,928,000 after acquiring an additional 476,639 shares during the period. Finally, Electron Capital Partners LLC increased its stake in Eaton by 8,348.9% during the 2nd quarter. Electron Capital Partners LLC now owns 446,524 shares of the industrial products company's stock worth $140,008,000 after buying an additional 441,239 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

About Eaton

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.