Eaton Corporation PLC Ordinary Shares (ETN) was Initiated by HSBC Securities to “Buy”. HSBC Securities advised their investors in a research report released on Oct 7, 2016.
Many Wall Street Analysts have commented on Eaton Corporation PLC Ordinary Shares. Eaton Corporation PLC Ordinary Shares was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Sep 9, 2016. 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 closed down -1.55 points or -2.35% at $64.32 with 21,10,609 shares getting traded on Tuesday. Post opening the session at $66.05, the shares hit an intraday low of $64.135 and an intraday high of $66.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.