Eaton (ETN) Receives a Buy from Bernstein

In a report released yesterday, Chad Dillard from Bernstein maintained a Buy rating on Eaton, with a price target of $428.00.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Dillard is a 4-star analyst with an average return of 9.9% and a 66.21% success rate. Dillard covers the Industrials sector, focusing on stocks such as Cummins, Caterpillar, and United Rentals.

In addition to Bernstein, Eaton also received a Buy from Bank of America Securities’s Andrew Obin in a report issued on February 19. However, on the same day, Wells Fargo maintained a Hold rating on Eaton (NYSE: ETN).

Based on Eaton’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.99 billion and a net profit of $1.01 billion. In comparison, last year the company earned a revenue of $6.35 billion and had a net profit of $1.01 billion

Based on the recent corporate insider activity of 64 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. Earlier this month, PAULO RUIZ STERNADT, the CEO of Eaton Corporation of ETN sold 10,707.00 shares for a total of $4,178,406.75.