NYSE:ETNEaton Stock Price, Forecast & News

$84.90

-0.23 (-0.27 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$83.06

Now: $84.90▼

$85.16

50-Day Range

$73.71

MA: $79.51▼

$86.28

52-Week Range

$56.42

Now: $84.90▼

$105.78

Volume3.36 million shs

Average Volume2.21 million shs

Market Capitalization$33.96 billion

P/E Ratio16.65

Dividend Yield3.43%

Beta1.15

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products. The company's Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution equipment, power reliability equipment, and services. Its Hydraulics segment offers various power products, controls and sensing products, fluid conveyance products, filtration systems solutions, industrial drum and disc brakes, and golf grips. The company's Aerospace segment provides hydraulic power generation systems, controls and sensing products, fluid conveyance products, and fuel systems for commercial and military use. Its Vehicle segment offers transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, cylinder heads, locking and limited slip differentials, transmission controls, fuel vapor components, fluid connectors, and conveyance products. The company's eMobility segment provides voltage inverters, converters, fuses, onboard chargers, circuit protection units, vehicle controls, power distribution products, fuel tank isolation valves, and commercial vehicle hybrid systems. It serves industrial, institutional, governmental, utility, commercial, residential, information technology, renewable energy, marine, agriculture, oil and gas, construction, mining, forestry, material handling, truck and bus, machine tools, molding, primary metals, and power generation markets, as well as original equipment manufacturers and aftermarket customers. The company was founded in 1916 and is based in Dublin, Ireland.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Eaton has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 10 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $93.06, Eaton has a potential upside of 9.6% from its current price of $84.90.
Amount of Analyst Coverage
Eaton has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Eaton has received 793 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Eaton has received 686 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Eaton has received 53.62% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Eaton and other stocks. Vote “Outperform” if you believe ETN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ETN will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Eaton is a leading dividend payer. It pays a dividend yield of 3.43%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Eaton has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of Eaton is 51.50 %. 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 60.21 % next year. This indicates that Eaton will be able to sustain or increase its dividend.

1.0 Company Ownership

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 $616,825.00 in company stock.
Percentage Held by Insiders
Only 0.54% of the stock of Eaton is held by insiders.
Percentage Held by Institutions
78.07% of the stock of Eaton is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Eaton are expected to grow by 29.68% in the coming year, from $3.74 to $4.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Eaton is 16.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eaton is 16.65, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.46.
Price to Earnings Growth Ratio
Eaton has a PEG Ratio of 2.07. 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 2.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.57 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous industrial & commercial machinery & equipment

Sub-IndustryElectrical Components & Equipment

SectorIndustrial Products

Current SymbolNYSE:ETN

Previous Symbol

CUSIPG2918310

CIK1551182

Webwww.eaton.com

Phone353-1637-2900

Debt

Debt-to-Equity Ratio0.57

Current Ratio1.75

Quick Ratio1.28

Price-To-Earnings

Trailing P/E Ratio16.65

Forward P/E Ratio22.70

P/E Growth2.07

Sales & Book Value

Annual Sales$21.39 billion

Price / Sales1.59

Cash Flow$7.88 per share

Price / Cash Flow10.77

Book Value$35.72 per share

Price / Book2.38

Profitability

EPS (Most Recent Fiscal Year)$5.67

Net Income$2.21 billion

Net Margins10.19%

Return on Equity14.67%

Return on Assets7.20%

Miscellaneous

Employees101,000

Outstanding Shares400,000,000

Market Cap$33.96 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Eaton (NYSE:ETN) Frequently Asked Questions

How has Eaton's stock been impacted by COVID-19 (Coronavirus)?

Eaton's stock was trading at $84.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ETN shares have increased by 0.6% and is now trading at $84.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Eaton?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eaton in the last year. There are currently 9 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Eaton.

When is Eaton's next earnings date?

Eaton is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Eaton.

How were Eaton's earnings last quarter?

Eaton Co. PLC (NYSE:ETN) announced its quarterly earnings results on Thursday, April, 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The industrial products company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.84 billion. Eaton had a net margin of 10.19% and a return on equity of 14.67%. The firm's quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. View Eaton's earnings history.

How often does Eaton pay dividends? What is the dividend yield for Eaton?

Eaton declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.73 per share on Friday, May 29th. This represents a $2.92 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, May 13th. View Eaton's dividend history.

What price target have analysts set for ETN?

19 equities research analysts have issued 12 month price targets for Eaton's shares. Their forecasts range from $76.00 to $115.00. On average, they anticipate Eaton's stock price to reach $93.06 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price. View analysts' price targets for Eaton.

Has Eaton been receiving favorable news coverage?

Media stories about ETN stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Eaton earned a news impact score of -1.1 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutEaton.

Are investors shorting Eaton?

Eaton saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,150,000 shares, a decrease of 20.9% from the April 30th total of 6,510,000 shares. Based on an average trading volume of 3,460,000 shares, the short-interest ratio is presently 1.5 days. Currently, 1.3% of the company's shares are short sold. View Eaton's Current Options Chain.

Who are some of Eaton's key competitors?

Some companies that are related to Eaton include Roper Technologies (ROP), Emerson Electric (EMR), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), II-VI (IIVI), Acuity Brands (AYI), Regal Beloit (RBC), Brady (BRC), EnerSys (ENS), Vicor (VICR), Franklin Electric (FELE), Belden (BDC) and Encore Wire (WIRE). View all competitors.

What other stocks do shareholders of Eaton own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eaton investors own include AT&T (T), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Verizon Communications (VZ), Pfizer (PFE), Intel (INTC), General Electric (GE), Walt Disney (DIS), Target (TGT) and QUALCOMM (QCOM).

Who are Eaton's key executives?

Eaton's management team includes the following people:

Mr. Craig Arnold, Chairman & Principal Exec. Officer (Age 59)
Mr. Richard H. Fearon, Principal Financial Officer & Director (Age 63)
Mr. Uday Yadav, Pres & COO of Industrial Sector (Age 55)
Richard M. Eubanks Jr., Pres of Electrical Products Group - Eaton Corp. (Age 46)
Mr. Ken D. Semelsberger, Principal Accounting Officer (Age 57)

What is Eaton's stock symbol?

Eaton trades on the New York Stock Exchange (NYSE) under the ticker symbol "ETN."

Who are Eaton's major shareholders?

Eaton's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.00%), State Street Corp (4.44%), Massachusetts Financial Services Co. MA (3.92%), JPMorgan Chase & Co. (3.86%), Wellington Management Group LLP (3.42%) and Bank of New York Mellon Corp (1.64%). Company insiders that own Eaton stock include Curtis J Hutchins, Deborah L Mccoy, Dorothy C Thompson, Heath B Monesmith, Joao V Faria, Ken D Semelsberger, Michael J Critelli, Nandakumar Cheruvatath, Olivier Leonetti, Revathi Advaithi, Richard H Fearon, Richard M Eubanks, Uday Yadav and William J Vanlandingham II. View institutional ownership trends for Eaton.

Which major investors are selling Eaton stock?

ETN stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, AQR Capital Management LLC, Wells Fargo & Company MN, Invesco Ltd., Sound Shore Management Inc. CT, Morgan Stanley, Morgan Stanley, and State Street Corp. Company insiders that have sold Eaton company stock in the last year include Deborah L Mccoy, Joao V Faria, Ken D Semelsberger, Michael J Critelli, and Richard H Fearon. View insider buying and selling activity for Eaton.

Which major investors are buying Eaton stock?

ETN stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Fiduciary Management Inc. WI, Bank of New York Mellon Corp, Nuveen Asset Management LLC, Alliancebernstein L.P., Mackenzie Financial Corp, and Bahl & Gaynor Inc.. Company insiders that have bought Eaton stock in the last two years include Dorothy C Thompson, and Olivier Leonetti. View insider buying and selling activity for Eaton.

How do I buy shares of Eaton?

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

What is Eaton's stock price today?

One share of ETN stock can currently be purchased for approximately $84.90.

How big of a company is Eaton?

Eaton has a market capitalization of $33.96 billion and generates $21.39 billion in revenue each year. The industrial products company earns $2.21 billion in net income (profit) each year or $5.67 on an earnings per share basis. Eaton employs 101,000 workers across the globe.

What is Eaton's official website?

The official website for Eaton is www.eaton.com.

How can I contact Eaton?

Eaton's mailing address is EATON HOUSE 30 PEMBROKE ROAD, DUBLIN L2, D04. The industrial products company can be reached via phone at 353-1637-2900.

This page was last updated on 5/30/2020 by MarketBeat.com Staff