Eaton (ETN) Gets a Buy from Bank of America Securities

Bank of America Securities analyst Andrew Obin assigned a Buy rating to the stock today. The company’s shares closed yesterday at $322.08.

Obin covers the Industrials sector, focusing on stocks such as Honeywell International, Vertiv Holdings, and Eaton. According to TipRanks, Obin has an average return of 11.7% and a 62.37% success rate on recommended stocks.

Currently, the analyst consensus on Eaton is a Moderate Buy with an average price target of $336.75.

ETN market cap is currently $128.8B and has a P/E ratio of 38.01.

Based on the recent corporate insider activity of 72 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. Last month, Heath B. Monesmith, the President and COO – Electrical Sector of Eaton Corporation of ETN sold 16,180.00 shares for a total of $5,414,475.20.

TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.

Eaton (ETN) Company Description:

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.