Somewhat Critical Media Coverage Somewhat Unlikely to Affect Eaton (ETN) Share Price

News stories about Eaton (NYSE:ETN) have been trending somewhat negative this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eaton earned a media sentiment score of -0.02 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 43.0401589903087 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Eaton (NYSE:ETN) traded down $0.31 during midday trading on Friday, hitting $75.92. 698,922 shares of the company traded hands, compared to its average volume of 2,400,000. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 0.44. Eaton has a twelve month low of $65.35 and a twelve month high of $82.34. The company has a market capitalization of $33,450.00, a PE ratio of 16.95, a PEG ratio of 1.96 and a beta of 1.39.

Eaton (NYSE:ETN) last released its earnings results on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.25. Eaton had a net margin of 14.21% and a return on equity of 12.89%. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter last year, the company earned $1.16 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. sell-side analysts predict that Eaton will post 4.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, November 2nd. Eaton’s dividend payout ratio (DPR) is currently 55.05%.

A number of analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Eaton in a report on Tuesday, October 31st. Citigroup Inc. raised their price target on Eaton from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Buckingham Research initiated coverage on Eaton in a research report on Tuesday, October 17th. They issued a “neutral” rating and a $82.00 price target on the stock. BidaskClub downgraded Eaton from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Eaton from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Eaton currently has an average rating of “Hold” and an average target price of $82.86.

In other news, insider Revathi Advaithi sold 23,743 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $78.36, for a total transaction of $1,860,501.48. Following the completion of the sale, the insider now directly owns 31,028 shares in the company, valued at $2,431,354.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Deborah L. Mccoy sold 6,450 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $73.17, for a total transaction of $471,946.50. Following the sale, the director now owns 46,386 shares of the company’s stock, valued at $3,394,063.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,954 shares of company stock valued at $3,163,571. Corporate insiders own 0.80% of the company’s stock.

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Eaton 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.

Insider Buying and Selling by Quarter for Eaton (NYSE:ETN)

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