Top 3 Stocks Driving the Industrial Sector's Anticipated Breakout
The overall market continues its impressive performance, with the SPDR S&P 500 ETF Trust NYSE: SPY up 12.35% year-to-date. While the tech sector has been the primary driver, other sectors have also contributed to the rally.
Eaton Corporation, PLC (ETN) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching Eaton (ETN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Wall Street Bulls Look Optimistic About Eaton (ETN): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Eaton (ETN) Up 6.7% Since Last Earnings Report: Can It Continue?
Eaton (ETN) reported earnings 30 days ago. What's next for the stock?
Eaton Corporation, PLC (ETN) Is a Trending Stock: Facts to Know Before Betting on It
Eaton (ETN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Reasons to Add Eaton (ETN) Stock to Your Portfolio Right Now
Eaton (ETN), with its consistent performance, rising estimates for earnings and regular investment in R&D activities, makes a strong case for investment in the Industrial Products sector.
Meridian Wealth Management LLC Reduces Stock Position in Eaton Co. plc (NYSE:ETN)
Meridian Wealth Management LLC decreased its holdings in Eaton Co. plc (NYSE:ETN – Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,273 shares of the industrial products company’s stock after selling 106 shares during the period. Meridian Wealth Management LLC’s holdings in Eaton were worth $307,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new stake in Eaton in the fourth quarter worth $25,000. Valued Wealth Advisors LLC bought a new position in Eaton during the 4th quarter valued at about $35,000. Chilton Capital Management LLC bought a new stake in Eaton in the fourth quarter worth about $35,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Eaton during the third quarter valued at approximately $39,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Eaton in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 82.97% of the company’s stock. Analyst Upgrades and Downgrades ETN has been the topic of a number of recent analyst reports. Mizuho reiterated a “buy” rating and issued a $355.00 target price (up previously from $340.00) on shares of Eaton in a research note on Wednesday, May 1st. UBS Group raised their price objective on Eaton from $255.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group increased their price target on Eaton from $287.00 to $328.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Bank of America lifted their price objective on Eaton from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Citigroup increased their target price on shares of Eaton from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.27. Read Our Latest Analysis on ETN Insider Transactions at Eaton In other Eaton news, insider Heath B. Monesmith sold 13,027 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $291.40, for a total value of $3,796,067.80. Following the sale, the insider now owns 69,472 shares of the company’s stock, valued at $20,244,140.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Heath B. Monesmith sold 13,027 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $291.40, for a total value of $3,796,067.80. Following the completion of the transaction, the insider now owns 69,472 shares of the company’s stock, valued at $20,244,140.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Peter Denk sold 1,731 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $288.97, for a total transaction of $500,207.07. Following the sale, the insider now directly owns 5,514 shares in the company, valued at $1,593,380.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,174 shares of company stock worth $5,098,000. 0.33% of the stock is currently owned by insiders. Eaton Stock Up 0.0 % Shares of ETN opened at $330.24 on Monday. Eaton Co. plc has a one year low of $167.33 and a one year high of $338.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.56. The stock has a 50 day moving average price of $316.38 and a 200 day moving average price of $271.93. The stock has a market capitalization of $132.03 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 2.58 and a beta of 1.06. Eaton (NYSE:ETN – Get Free Report) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.12. Eaton had a return on equity of 20.69% and a net margin of 14.38%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the company earned $1.88 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts forecast that Eaton Co. plc will post 10.56 earnings per share for the current fiscal year. Eaton Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, May 3rd. Eaton’s dividend payout ratio is presently 44.39%. Eaton Company Profile (Free Report) 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.
Are You Looking for a Top Momentum Pick? Why Eaton (ETN) is a Great Choice
Does Eaton (ETN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Is It Worth Investing in Eaton (ETN) Based on Wall Street's Bullish Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
