In a report released on January 19, Deane Dray from RBC Capital maintained a Hold rating on Eaton (ETN – Research Report), with a price target of $149.00. The company’s shares closed yesterday at $155.51.
Dray covers the Industrial Goods sector, focusing on stocks such as Xylem, Ametek, and General Electric. According to TipRanks, Dray has an average return of 9.9% and a 59.80% success rate on recommended stocks.
Currently, the analyst consensus on Eaton is a Moderate Buy with an average price target of $164.29, a 5.65% upside from current levels. In a report released on January 19, Wells Fargo also maintained a Hold rating on the stock with a $169.00 price target.
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The company has a one-year high of $167.51 and a one-year low of $121.21. Currently, Eaton has an average volume of 1.78M.
Based on the recent corporate insider activity of 34 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. Most recently, in November 2022, Faria Joao V, the President – Vehicle Group of Eaton Corporation, a of ETN sold 3,795.00 shares for a total of $594,297.00.
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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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