Eaton Corporation Receives a Hold from RBC CapitalBy Carrie Williams
RBC Capital analyst Deane Dray reiterated a Hold rating on Eaton Corporation (NYSE: ETN) on March 8 and set a price target of $73. The company’s shares closed last Friday at $72.49, close to its 52-week high of $73.86.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 3.2% and a 60.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.
Eaton Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $70.
The company has a one year high of $73.86 and a one year low of $54.30. Currently, Eaton Corporation has an average volume of 2.18M.
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Eaton Corp. Plc is a diversified power management company, which provides energy-efficient solutions for electrical, hydraulic and mechanical power. It operates through the following segments: Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace and Vehicle. The Electrical Products segment consists of electrical components, industrial components, residential products, single phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, circuit protection, and lighting products. The Electrical Systems and Services segment consists of power distribution and assemblies, three phase power quality, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution, power reliability equipment, and services. The Hydraulics segment includes hydraulics components, systems and services for industrial and mobile equipment. The Aerospace segment is produces aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. The Vehicle segment engages in designing, manufacturing, marketing, and supply of drivetrain and powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance and safety of cars, light trucks and commercial vehicles. The company was founded on May 10, 2012 and is headquartered in Dublin, Ireland.