Eaton Corporation, PLC (NYSE:ETN) – William Blair raised their Q4 2017 earnings per share (EPS) estimates for Eaton Corporation, PLC in a research report issued to clients and investors on Wednesday. William Blair analyst N. Heymann now expects that the industrial products company will post earnings per share of $1.24 for the quarter, up from their previous estimate of $1.19. William Blair also issued estimates for Eaton Corporation, PLC’s Q1 2018 earnings at $1.11 EPS, Q3 2018 earnings at $1.38 EPS and Q4 2018 earnings at $1.38 EPS.
Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Credit Suisse Group reissued an “outperform” rating and set a $92.00 target price (up previously from $86.00) on shares of Eaton Corporation, PLC in a research note on Wednesday. Jefferies Group LLC lifted their target price on shares of Eaton Corporation, PLC from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday. Citigroup Inc. lifted their target price on shares of Eaton Corporation, PLC from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus reissued a “hold” rating and set a $80.00 target price on shares of Eaton Corporation, PLC in a research note on Friday, July 7th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.64.
ILLEGAL ACTIVITY WARNING: “Eaton Corporation, PLC (ETN) Expected to Earn Q4 2017 Earnings of $1.24 Per Share” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.com-unik.info/2017/11/02/eaton-corporation-plc-etn-expected-to-earn-q4-2017-earnings-of-1-24-per-share.html. Eaton Corporation, PLC (NYSE:ETN) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. Eaton Corporation, PLC had a net margin of 14.21% and a return on equity of 12.89%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The firm’s revenue was up 6.4% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, November 2nd. Eaton Corporation, PLC’s dividend payout ratio is currently 37.68%.
In other news, Director Deborah L. Mccoy sold 6,450 shares of Eaton Corporation, PLC stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $73.17, for a total transaction of $471,946.50. Following the completion of the transaction, the director now directly owns 46,386 shares in the company, valued at $3,394,063.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ETN. Cable Hill Partners LLC grew its holdings in shares of Eaton Corporation, PLC by 174.8% during the third quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after buying an additional 867 shares during the last quarter. Harfst & Associates Inc. acquired a new position in shares of Eaton Corporation, PLC during the first quarter valued at about $109,000. Guardian Life Insurance Co. of America grew its holdings in shares of Eaton Corporation, PLC by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after buying an additional 12 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Eaton Corporation, PLC during the second quarter valued at about $133,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of Eaton Corporation, PLC by 325.9% during the second quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $163,000 after buying an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 76.03% of the company’s stock.
Eaton Corporation, PLC Company Profile
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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