Robert W. Baird analyst Mircea Dobre maintained a Hold rating on Eaton (NYSE:ETN) on Wednesday, setting a price target of $163, which is approximately 1.07% below the present share price of $164.76.
Dobre expects Eaton to post earnings per share (EPS) of $1.27 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Eaton, with an average price target of $173.93.
The analysts price targets range from a high of $195 to a low of $153.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $5.22 billion and a net profit of $640 million. The company's market cap is $65.7 billion.
According to TipRanks.com, Robert W. Baird analyst Mircea Dobre is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.6% and a 61.11% success rate.
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.