Todays Report: The Eaton Corp. PLC (ETN) Scheduled to Post Quarterly Earnings on Tuesday

The Eaton Corp. PLC (ETN) Scheduled to Post Quarterly Earnings on Tuesday

Eaton Corp. PLC (NYSE:ETN) is set to post its Q316 quarterly earnings results on Tuesday, November 1st. Analysts expect Eaton Corp. PLC to post earnings of $1.15 per share and revenue of $5.05 billion for the quarter. Eaton Corp. PLC has set its Q3 guidance at $1.10-1.20 EPS and its FY16 guidance at $4.20-4.40 EPS.

Eaton Corp. PLC (NYSE:ETN) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. Eaton Corp. PLC had a net margin of 9.29% and a return on equity of 12.28%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the company posted $1.16 earnings per share. Eaton Corp. PLC’s revenue was down 5.4% compared to the same quarter last year. On average, analysts expect Eaton Corp. PLC to post $4.27 EPS for the current fiscal year and $4.56 EPS for the next fiscal year.

Eaton Corp. PLC (NYSE:ETN) opened at 62.38 on Monday. The company has a 50 day moving average of $63.74 and a 200 day moving average of $63.26. The firm has a market capitalization of $28.36 billion, a P/E ratio of 15.40 and a beta of 1.54. Eaton Corp. PLC has a 1-year low of $46.19 and a 1-year high of $68.20.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Monday, November 7th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, November 3rd. Eaton Corp. PLC’s dividend payout ratio (DPR) is presently 56.16%.

A number of research firms have recently weighed in on ETN. Credit Suisse Group AG reissued a “buy” rating on shares of Eaton Corp. PLC in a research note on Saturday, July 9th. Zacks Investment Research downgraded Eaton Corp. PLC from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Barclays PLC upped their target price on Eaton Corp. PLC from $67.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, August 3rd. Jefferies Group restated a “hold” rating on shares of Eaton Corp. PLC in a report on Friday, August 5th. Finally, Argus upgraded Eaton Corp. PLC from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, August 10th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $63.95.

In related news, insider Mark M. Mcguire sold 18,751 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $64.55, for a total transaction of $1,210,377.05. Following the sale, the insider now directly owns 51,447 shares of the company’s stock, valued at $3,320,903.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard H. Fearon sold 65,195 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $65.29, for a total value of $4,256,581.55. Following the sale, the insider now directly owns 276,386 shares in the company, valued at $18,045,241.94. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ETN. Lebenthal Asset Management LLC boosted its stake in Eaton Corp. PLC by 1.8% in the second quarter. Lebenthal Asset Management LLC now owns 4,070 shares of the company’s stock valued at $243,000 after buying an additional 70 shares during the period. Fort Washington Investment Advisors Inc OH boosted its position in shares of Eaton Corp. PLC by 0.5% in the second quarter. Fort Washington Investment Advisors Inc OH now owns 17,559 shares of the company’s stock valued at $1,049,000 after buying an additional 80 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its position in shares of Eaton Corp. PLC by 0.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 39,247 shares of the company’s stock valued at $2,344,000 after buying an additional 130 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Eaton Corp. PLC by 0.4% in the second quarter. Advantus Capital Management Inc now owns 44,385 shares of the company’s stock valued at $2,651,000 after buying an additional 187 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of Eaton Corp. PLC by 3.5% in the second quarter. Valley National Advisers Inc. now owns 9,728 shares of the company’s stock valued at $581,000 after buying an additional 332 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

About Eaton Corp. PLC

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