Media headlines about Eaton (NYSE:ETN) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eaton earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.1048266758481 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Nationals’ Adam Eaton: Returns to lineup Sunday (cbssports.com)
- Decision due over whether Norwich Oktoberfest can be held in Eaton Park (edp24.co.uk)
- Eaton MVCTC FFA chapter receives gold rating (registerherald.com)
- 4 Commitments You Must Make If You Want To Succeed Individually And As A Team (inc.com)
- Man sentenced in shooting death of Pamela Butler’s sister (kmbc.com)
ETN traded down $3.28 during trading on Friday, hitting $75.97. The stock had a trading volume of 4,025,877 shares, compared to its average volume of 2,844,958. The company has a market cap of $33,442.00, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.49 and a beta of 1.36. Eaton has a twelve month low of $69.82 and a twelve month high of $89.85. The company has a quick ratio of 1.13, a current ratio of 1.64 and a debt-to-equity ratio of 0.41.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Monday, March 12th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.48%. This is an increase from Eaton’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 9th. Eaton’s dividend payout ratio (DPR) is 56.77%.
A number of equities analysts have recently issued reports on the stock. UBS assumed coverage on shares of Eaton in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $87.00 price objective on the stock. Zacks Investment Research downgraded shares of Eaton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Bank of America upgraded shares of Eaton from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $81.03 to $85.00 in a research note on Thursday, March 8th. JPMorgan Chase upgraded shares of Eaton from an “underweight” rating to a “neutral” rating and set a $82.00 price objective on the stock in a research note on Thursday, March 1st. Finally, Jefferies Group upgraded shares of Eaton from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Monday, March 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Eaton has a consensus rating of “Hold” and a consensus target price of $86.64.
In other Eaton news, insider Ken D. Semelsberger sold 15,595 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $82.67, for a total value of $1,289,238.65. Following the completion of the transaction, the insider now owns 104,613 shares of the company’s stock, valued at $8,648,356.71. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Deborah L. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $82.23, for a total transaction of $328,920.00. Following the completion of the transaction, the director now directly owns 35,936 shares of the company’s stock, valued at approximately $2,955,017.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,769 shares of company stock valued at $2,083,823. 0.50% of the stock is owned by insiders.
ILLEGAL ACTIVITY NOTICE: This piece was published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3341842/eaton-etn-earns-media-impact-rating-of-0-15.html.
Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.
Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.