Free Trial
NYSE:ETN

Eaton (ETN) Stock Price, News & Analysis

$284.97
-0.75 (-0.26%)
(As of 09/6/2024 ET)
Today's Range
$281.34
$292.20
50-Day Range
$272.66
$332.46
52-Week Range
$191.82
$345.19
Volume
2.16 million shs
Average Volume
2.17 million shs
Market Capitalization
$113.93 billion
P/E Ratio
33.64
Dividend Yield
1.32%
Price Target
$335.76

Eaton MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
17.8% Upside
$335.76 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.54
Upright™ Environmental Score
News Sentiment
0.88mentions of Eaton in the last 14 days
Based on 36 Articles This Week
Insider Trading
Selling Shares
$15.81 M Sold Last Quarter
Proj. Earnings Growth
11.64%
From $10.74 to $11.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Industrial Products Sector

13th out of 165 stocks

Miscellaneous Industrial & Commercial Machinery & Equipment Industry

1st out of 5 stocks

ETN stock logo

About Eaton Stock (NYSE:ETN)

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.

ETN Stock Price History

ETN Stock News Headlines

The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Dorothy C. Thompson Buys 2,205 Shares of Eaton Co. plc (NYSE:ETN) Stock
Zacks Research Comments on Eaton Co. plc's Q3 2025 Earnings (NYSE:ETN)
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Carrier, Eaton upgraded at Wolfe in electrical equipment shuffle
Eaton (ETN) was upgraded to a Hold Rating at Wolfe Research
Michael Yelton Sells 3,136 Shares of Eaton Co. plc (NYSE:ETN) Stock
Guru Fundamental Report for ETN - Peter Lynch
See More Headlines
Receive ETN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Eaton and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 8/23 Dividend
8/05/2024
Dividend Payable
8/23/2024
Today
9/07/2024
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
$335.76
High Stock Price Target
$385.00
Low Stock Price Target
$280.00
Potential Upside/Downside
+17.8%
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
$10.66 per share
Book Value
$48.37 per share

Miscellaneous

Free Float
397,681,000
Market Cap
$113.92 billion
Optionable
Optionable
Beta
1.01

Social Links

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

Should I Buy Eaton Stock? ETN Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Eaton Co. plc:

  • Eaton Co. plc has a strong track record of consistent dividend payments, offering investors a reliable income stream. The current annualized dividend yield of 1.22% provides a steady source of passive income.
  • Analysts have set a moderate buy rating on Eaton Co. plc stock with an average price target of $328.00, indicating potential for capital appreciation.
  • The company's recent quarterly earnings report exceeded analyst expectations, showcasing strong financial performance and potential for future growth.
  • Eaton Co. plc operates as a power management company, a sector essential for various industries, indicating stability and long-term demand for its products and services.
  • Despite recent fluctuations, Eaton Co. plc's stock price has shown resilience and stability, making it an attractive option for investors seeking a reliable investment.

Cons

Investors should be bearish about investing in Eaton Co. plc for these reasons:

  • Despite a strong dividend payout ratio of 44.39%, Eaton Co. plc's dividend yield of 1.22% may be considered relatively low compared to other investment opportunities offering higher yields.
  • Recent price target adjustments by financial institutions, such as Wells Fargo & Company and Evercore ISI, may indicate potential volatility in Eaton Co. plc's stock price, leading to uncertainty for investors.
  • The company's debt-to-equity ratio of 0.44 may raise concerns about its financial leverage and ability to manage debt obligations, impacting investor confidence.
  • Market fluctuations and economic uncertainties could affect Eaton Co. plc's performance, leading to potential risks for investors in terms of stock price volatility and overall market conditions.
  • While Eaton Co. plc has shown resilience in the face of market challenges, investors should carefully assess the company's competitive positioning and industry dynamics to make informed investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Eaton pros and cons to contact@marketbeat.com.

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 stock has increased by 18.3% and is now trading at $284.97.
View the best growth stocks for 2024 here
.

How were Eaton's earnings last quarter?

Eaton Co. plc (NYSE:ETN) announced its 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 earned $6.35 billion during the quarter, compared to analyst estimates of $6.35 billion. Eaton had a net margin of 15.12% and a trailing twelve-month return on equity of 21.45%.

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 Massachusetts Financial Services Co. MA (2.58%), Bank of New York Mellon Corp (1.10%), Raymond James & Associates (0.94%) and Clearbridge Investments LLC (0.85%). 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
.

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 AT&T (T), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Verizon Communications (VZ), Pfizer (PFE) and QUALCOMM (QCOM).

This page (NYSE:ETN) was last updated on 9/7/2024 by MarketBeat.com Staff

From Our Partners