Refill
10 years ago
Wells Fargo cuts Eaton price target, EPS estimate
Despite its current Outperform rating, Wells Fargo has lowered its price target range on Eaton (NYSE:ETN) to $70-$73 from $80-$83, citing slow U.S. industrial distribution channel growth, more competitive pricing, weakening in international machine demand and aggressive pricing in some regions.
The firm also cut its 2015 EPS estimate for Eaton to $4.90 from $5.15, vs. consensus of $5.26.
Penny Roger$
12 years ago
Share Statistics
Avg Vol (3 month)3: 4,234,780
Avg Vol (10 day)3: 3,560,600
Shares Outstanding5: 337.60M
Float: 329.34M
% Held by Insiders1: 0.45%
% Held by Institutions1: 66.10%
Shares Short (as of Sep 14, 2012)3: 37.65M
Short Ratio (as of Sep 14, 2012)3: 10.10
Short % of Float (as of Sep 14, 2012)3: 11.90%
Shares Short (prior month)3: 35.10M
Penny Roger$
13 years ago
Eaton Corporation (Eaton) is a diversified power management company. Eaton is a global technology company in electrical components and systems for power distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems. Eaton sells products to customers in more than 150 countries. Its segments include Electrical Americas and Electrical Rest of World, Hydraulics, Aerospace, Truck and Automotive. On January 1, 2011, it acquired Tuthill Coupling Group. On May 12, 2011, the Company acquired Internormen Technology Group. On June 2, 2011, Eaton acquired C.I. ESI de Colombia S.A. On June 30, 2011, it acquired ACTOM Low Voltage. On August 31, 2011, it acquired IE Power, Inc. On December 29, 2011, it acquired Eaton E.A. Pedersen Company.
http://www.google.com/finance?q=ETN