Eaton Corporation PLC (NYSE:ETN) announced a quarterly dividend on Tuesday, October 22nd, ARN reports. Investors of record on Monday, November 4th will be paid a dividend of $0.42 per share on Friday, November 22nd. This represents a $1.68 annualized dividend and a dividend yield of 2.46%.
A number of analysts have recently weighed in on ETN shares. Analysts at Oppenheimer reiterated a “buy” rating on shares of Eaton Corporation PLC in a research note to investors on Monday, October 7th. They now have a $78.00 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Eaton Corporation PLC from $66.00 to $71.00 in a research note to investors on Monday, October 7th. They now have an “equal weight” rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of Eaton Corporation PLC in a research note to investors on Tuesday, September 24th. They now have a $79.00 price target on the stock. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $72.25.
Shares of Eaton Corporation PLC (NYSE:ETN) traded up 1.16% on Tuesday, hitting $69.17. The stock had a trading volume of 1,008,368 shares. Eaton Corporation PLC has a one year low of $44.66 and a one year high of $71.36. The stock has a 50-day moving average of $68.06 and a 200-day moving average of $65.54. The company has a market cap of $32.780 billion and a price-to-earnings ratio of 20.58.
Eaton Corporation PLC (NYSE:ETN) last posted its quarterly earnings results on Friday, August 2nd. The company reported $1.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.11 by $0.02. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter last year, the company posted $1.15 earnings per share. Eaton Corporation PLC’s revenue was up 37.7% compared to the same quarter last year. Analysts expect that Eaton Corporation PLC will post $4.18 EPS for the current fiscal year.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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