Eaton (ETN) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $371.61 to $378.00
• 50-Day Range: $306.55 to $377.41
• 52-Week Range: $224.52 to $378.00
• Volume: 2.41 million shs
• Average Volume: 2.13 million shs
• Market Capitalization: $149.15 billion
• P/E Ratio: 40.15
• Dividend Yield: 1.00%
• Price Target: $357.83
• Consensus Rating: Moderate Buy

Eaton Stock Analysis - MarketRank™

Eaton scored higher than 96% of companies evaluated by MarketBeat, and ranked 7th out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

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 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 12.05%

Earnings Growth

Earnings for Eaton are expected to grow by 12.05% in the coming year, from $10.79 to $12.09 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Eaton is 40.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eaton is 40.15, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.55.

Price to Earnings Growth Ratio

Eaton has a PEG Ratio of 2.94. 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 7.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.72% 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 1.5, 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 27.18%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Eaton pays a meaningful dividend of 1.01%, 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 31.10% next year. This indicates that Eaton will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -2.54

Percentage of Shares Shorted

0.72% 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 1.5, 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 27.18%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.26

News Sentiment

Eaton has a news sentiment score of 1.26. 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 0.79 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 60 news articles for Eaton this week, compared to 16 articles on an average week.

Search Interest

45 people have searched for ETN on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.

MarketBeat Follows

87 people have added Eaton to their MarketBeat watchlist in the last 30 days. This is an increase of 263% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Eaton insiders have sold 3,602.47% more of their company's stock than they have bought. Specifically, they have bought $662,162.00 in company stock and sold $24,516,346.00 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.

ETN Stock Analysis - Frequently Asked Questions

How have ETN shares performed this year?

Eaton's stock was trading at $240.82 at the beginning of 2024. Since then, ETN shares have increased by 56.7% and is now trading at $377.41.
View the best growth stocks for 2024 here.

How were Eaton's earnings last quarter?

Eaton Co. plc (NYSE:ETN) issued its quarterly earnings results on Thursday, October, 31st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.04. The company's revenue for the quarter was up 7.9% on a year-over-year basis.
Read the conference call transcript.

Does Eaton have any subsidiaries?

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

Who are Eaton's major shareholders?

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, 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.

How do I buy shares of Eaton?

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.

What other stocks do shareholders of Eaton own?

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: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Miscellaneous industrial & commercial machinery & equipment
• Sub-Industry: Electrical Components & Equipment
• Current Symbol: NYSE:ETN
• CUSIP: G2918310
• CIK: 1551182
• Web: www.eaton.com
• Phone: (531) 637-2900
• Fax: 216-523-4787
• Employees: 94,000
• Year Founded: 1911

Price Target and Rating

• Average Stock Price Target: $357.83
• High Stock Price Target: $431.00
• Low Stock Price Target: $280.00
• Potential Upside/Downside: -5.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.76
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $9.40
• Trailing P/E Ratio: 40.15
• Forward P/E Ratio: 34.98
• P/E Growth: 2.94
• Net Income: $3.22 billion
• Net Margins: 15.32%
• Pretax Margin: 18.24%
• Return on Equity: 21.97%
• Return on Assets: 10.84%

Debt

• Debt-to-Equity Ratio: 0.45
• Current Ratio: 1.53
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $23.20 billion
• Price / Sales: 6.43
• Cash Flow: $11.68 per share
• Price / Cash Flow: 32.32
• Book Value: $48.49 per share
• Price / Book: 7.78

Miscellaneous

• Outstanding Shares: 395,200,000
• Free Float: 393,105,000
• Market Cap: $149.15 billion
• Optionable: Optionable
• Beta: 1.01