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NYSE:ETN

Eaton (ETN) Stock Price, News & Analysis

$326.96
-1.03 (-0.31%)
(As of 10/3/2024 ET)

About Eaton Stock (NYSE:ETN)

Key Stats

Today's Range
$324.42
$328.45
50-Day Range
$272.66
$333.02
52-Week Range
$191.82
$345.19
Volume
949,503 shs
Average Volume
2.16 million shs
Market Capitalization
$130.72 billion
P/E Ratio
38.60
Dividend Yield
1.15%
Price Target
$337.88
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
96th Percentile Overall Score

ETN MarketRank™: 

Eaton scored higher than 96% of companies evaluated by MarketBeat, and ranked 14th out of 174 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 9 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 12.37% in the coming year, from $10.75 to $12.08 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Eaton is 38.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.07.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Eaton is 38.60, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.61.

  • Price to Earnings Growth Ratio

    Eaton has a PEG Ratio of 2.53. 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 6.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Eaton's valuation and earnings.
  • Percentage of Shares Shorted

    1.16% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Eaton has recently decreased by 10.70%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Eaton pays a meaningful dividend of 1.13%, 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 44.39%. 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 31.13% 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

    1.16% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Eaton has recently decreased by 10.70%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Eaton has a news sentiment score of 0.82. 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 0.71 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 24 news articles for Eaton this week, compared to 13 articles on an average week.
  • Search Interest

    50 people have searched for ETN on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.
  • MarketBeat Follows

    32 people have added Eaton to their MarketBeat watchlist in the last 30 days. This is an increase of 28% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Eaton insiders have sold 1,847.81% more of their company's stock than they have bought. Specifically, they have bought $811,646.00 in company stock and sold $15,809,326.00 in company stock.

  • Percentage Held by Insiders

    Only 0.53% 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.

ETN Stock News Headlines

Eaton (NYSE:ETN) Trading Down 1% - What's Next?
The only candlestick pattern worth a darn
It’s widely known that 80% of daily market action is driven by Wall Street algorithms… Now, most people think of the algorithms are “bad” When in reality, they are neither good nor bad… They are simply programmed to buy and sell certain stocks over and over again… But here is the thing… They are predictable… They typically buy the same stocks at the same levels over and over again…
Eaton (NYSE:ETN) Given New $327.00 Price Target at Barclays
Eaton (NYSE:ETN) Stock Price Up 0.2% on Analyst Upgrade
Eaton (ETN) Receives a Hold from Barclays
See More Headlines

ETN Stock Analysis - Frequently Asked Questions

Eaton's stock was trading at $240.82 on January 1st, 2024. Since then, ETN shares have increased by 35.8% and is now trading at $326.96.
View the best growth stocks for 2024 here
.

Eaton Co. plc (NYSE:ETN) announced its quarterly earnings results on Thursday, August, 1st. The industrial products company reported $2.73 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $0.12. The industrial products company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.35 billion. Eaton had a trailing twelve-month return on equity of 21.45% and a net margin of 15.12%.

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.

Top institutional investors of Eaton include Czech National Bank (0.02%), First Financial Bank Trust Division (0.01%), Neville Rodie & Shaw Inc. (0.01%) and Massmutual Trust Co. FSB ADV (0.01%). Insiders that own company stock include Craig Arnold, Joao V Faria, Heath B Monesmith, 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, Sandra Pianalto and Uday Yadav.
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 AT&T (T), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Verizon Communications (VZ), Pfizer (PFE) and QUALCOMM (QCOM).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 8/23 Dividend
8/05/2024
Dividend Payable
8/23/2024
Today
10/03/2024
Next Earnings (Estimated)
10/29/2024
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
$337.88
High Stock Price Target
$385.00
Low Stock Price Target
$280.00
Potential Upside/Downside
+3.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$3.22 billion
Pretax Margin
18.07%

Debt

Sales & Book Value

Annual Sales
$24.14 billion
Cash Flow
$11.38 per share
Book Value
$47.76 per share

Miscellaneous

Free Float
397,681,000
Market Cap
$130.72 billion
Optionable
Optionable
Beta
1.02

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This page (NYSE:ETN) was last updated on 10/3/2024 by MarketBeat.com Staff
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