TipRanksStock Market NewsETN NewsEaton (ETN) Gets a Buy Rating from Mizuho Securities

Eaton (ETN) Gets a Buy Rating from Mizuho Securities

Mizuho Securities analyst Brett Linzey assigned a Buy rating to Eaton (ETNResearch Report) on February 4 and set a price target of $200.00. The company’s shares closed last Thursday at $154.79.

According to TipRanks.com, Linzey is a 2-star analyst with an average return of 2.1% and a 45.5% success rate. Linzey covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Zurn Water Solutions.

Currently, the analyst consensus on Eaton is a Moderate Buy with an average price target of $178.44, implying a 15.9% upside from current levels. In a report issued on February 7, Wolfe Research also maintained a Buy rating on the stock with a $194.00 price target.

See the top stocks recommended by analysts >>

Eaton’s market cap is currently $61.7B and has a P/E ratio of 29.00.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ETN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Eaton Corporation plc is a diversified power management company. It provides electrical and industrial components, wiring devices, residential, fire detection, lighting products., It also engages in designing and manufacturing power train systems and other components for commercial vehicle markets. The company also provides aerospace fuel, hydraulics and pneumatic systems for military and commercial use.

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