Eaton Corporation PLC Ordinary Shares (ETN) is Downgraded by KeyBanc Capital Mkts to Sector Weight

Eaton Corporation PLC Ordinary Shares (ETN) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Sep 9, 2016.

Many Wall Street Analysts have commented on Eaton Corporation PLC Ordinary Shares. Eaton Corporation PLC Ordinary Shares was Downgraded by BofA/Merrill to ” Neutral” on Jul 14, 2016.

On the company’s financial health, Eaton Corporation PLC Ordinary Shares reported $1.07 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $1.07. The company had revenue of $5080.00 million for the quarter, compared to analysts expectations of $5062.14 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.16 EPS.

Eaton Corporation PLC Ordinary Shares opened for trading at $66.71 and hit $66.84 on the upside on Wednesday, eventually ending the session at $66.74, with a gain of 0.18% or 0.12 points. The heightened volatility saw the trading volume jump to 1,470,580 shares. Company has a market cap of $30,347 M.

In a different news, on Sep 1, 2016, Uday Yadav (officer ) sold 15,713 shares at $67.04 per share price. According to the SEC, on Aug 29, 2016, Christopher M Connor (director) purchased 1,000 shares at $67.23 per share price. On Aug 22, 2016, Dorothy C Thompson (director) purchased 550 shares at $67.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Eaton Corporation PLC Ordinary Shares

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