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NYSE:ETN

Eaton (ETN) Stock Price, News & Analysis

Eaton logo
$335.12 -11.96 (-3.45%)
(As of 12/18/2024 05:45 PM ET)

About Eaton Stock (NYSE:ETN)

Key Stats

Today's Range
$334.71
$349.59
50-Day Range
$331.13
$377.50
52-Week Range
$231.84
$379.99
Volume
2.49 million shs
Average Volume
2.08 million shs
Market Capitalization
$132.44 billion
P/E Ratio
35.65
Dividend Yield
1.12%
Price Target
$367.83
Consensus Rating
Moderate Buy

Company Overview

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems. Its Aerospace segment offers pumps, motors, hydraulic power units, hoses and fittings, and electro-hydraulic pumps; valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat systems, and nose wheel steering systems; hose, thermoplastic tubing products, fittings, adapters, couplings, and sealing and ducting products; air-to-air refueling systems, fuel pumps, fuel inerting products, sensors, and adapters and regulators; oxygen generation system, payload carriages, and thermal management products; and wiring connectors and cables, as well as hydraulic and bag filters, strainers and cartridges, and golf grips for manufacturers of commercial and military aircraft, and related after-market customers, as well as industrial applications. The company's Vehicle segment offers transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, locking and limited slip differentials, transmission controls, and fuel vapor components for the vehicle industry. Its eMobility segment provides voltage inverters, converters, fuses, circuit protection units, vehicle controls, power distribution systems, fuel tank isolation valves, and commercial vehicle hybrid systems. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.

Eaton Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
86th Percentile Overall Score

ETN MarketRank™: 

Eaton scored higher than 86% of companies evaluated by MarketBeat, and ranked 36th out of 180 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Eaton has received a consensus rating of Moderate Buy. The company's average rating score is 2.76, and is based on 13 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Eaton has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Eaton's stock forecast and price target.
  • Earnings Growth

    Earnings for Eaton are expected to grow by 12.31% in the coming year, from $10.80 to $12.13 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Eaton is 35.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.57.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Eaton is 35.65, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.00.

  • Price to Earnings Growth Ratio

    Eaton has a PEG Ratio of 2.74. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Eaton has a P/B Ratio of 7.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.22% of the float of Eaton has been sold short.
  • Short Interest Ratio / Days to Cover

    Eaton has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Eaton has recently increased by 15.55%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Eaton pays a meaningful dividend of 1.06%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Eaton does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Eaton is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Eaton will have a dividend payout ratio of 31.00% next year. This indicates that Eaton will be able to sustain or increase its dividend.

  • Read more about Eaton's dividend.
  • Percentage of Shares Shorted

    1.22% of the float of Eaton has been sold short.
  • Short Interest Ratio / Days to Cover

    Eaton has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Eaton has recently increased by 15.55%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Eaton has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 26 news articles for Eaton this week, compared to 17 articles on an average week.
  • Search Interest

    Only 29 people have searched for ETN on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
  • MarketBeat Follows

    95 people have added Eaton to their MarketBeat watchlist in the last 30 days. This is an increase of 352% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Eaton insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $27,660,117.00 in company stock.

  • Percentage Held by Insiders

    Only 0.33% of the stock of Eaton is held by insiders.

  • Percentage Held by Institutions

    82.97% of the stock of Eaton is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Eaton's insider trading history.
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ETN Stock News Headlines

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Eaton director sells $3.56M in common stock
Eaton price target raised to $431 from $330 at UBS
See More Headlines

ETN Stock Analysis - Frequently Asked Questions

Eaton's stock was trading at $240.82 at the start of the year. Since then, ETN shares have increased by 39.2% and is now trading at $335.12.
View the best growth stocks for 2024 here
.

Eaton Co. plc (NYSE:ETN) released its quarterly earnings results on Thursday, October, 31st. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. The company's revenue was up 7.9% compared to the same quarter last year.
Read the conference call transcript
.

Eaton subsidiaries include these companies: Royal Power Solutions, Mission Systems, HuanYu High Tech, Green Motion SA, Tripp Lite Holdings Inc., Cobham, Power Distribution Inc., and more.

Eaton's top institutional shareholders include State Street Corp (4.21%), FMR LLC (3.81%), Massachusetts Financial Services Co. MA (2.60%) and Geode Capital Management LLC (2.04%). Insiders that own company stock include Craig Arnold, Joao V Faria, Heath B Monesmith, Gregory R Page, Ernest W Marshall Jr, Brian S Brickhouse, Brian S Brickhouse, Deborah L Mccoy, Sternadt Paulo Ruiz, Boise April Miller, Taras G Jr Szmagala, Daniel Roy Hopgood, Thomas B Okray, Peter Denk, Michael Yelton, Dorothy C Thompson, Olivier Leonetti, Karenann K Terrell and Sandra Pianalto.
View institutional ownership trends
.

Shares of ETN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Eaton investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Salesforce (CRM), Arista Networks (ANET) and Humana (HUM).

Company Calendar

Last Earnings
10/31/2024
Ex-Dividend for 11/22 Dividend
11/04/2024
Dividend Payable
11/22/2024
Today
12/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous industrial & commercial machinery & equipment
Sub-Industry
Electrical Components & Equipment
CUSIP
G2918310
Employees
94,000
Year Founded
1911

Price Target and Rating

Average Stock Price Target
$367.83
High Stock Price Target
$440.00
Low Stock Price Target
$280.00
Potential Upside/Downside
+6.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$3.22 billion
Pretax Margin
18.24%

Debt

Sales & Book Value

Annual Sales
$24.61 billion
Cash Flow
$10.92 per share
Book Value
$47.76 per share

Miscellaneous

Free Float
393,105,000
Market Cap
$136.02 billion
Optionable
Optionable
Beta
1.03

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This page (NYSE:ETN) was last updated on 12/19/2024 by MarketBeat.com Staff
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