Eaton (ETN) Receives a Buy from Jefferies

Jefferies analyst Stephen Volkmann maintained a Buy rating on Eaton (ETNResearch Report) yesterday and set a price target of $175.00. The company’s shares closed last Tuesday at $146.45.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 20.9% and a 66.7% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as SiteOne Landscape Supply, Lennox International, and Trane Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eaton with a $176.09 average price target, a 14.3% upside from current levels. In a report issued on February 15, Evercore ISI also maintained a Buy rating on the stock with a $181.00 price target.

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Eaton’s market cap is currently $58.4B and has a P/E ratio of 27.43.

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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