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NYSE:ETN

Eaton (ETN) Stock Price, News & Analysis

$297.79
+4.91 (+1.68%)
(As of 07/26/2024 ET)
Today's Range
$296.42
$301.93
50-Day Range
$292.80
$340.89
52-Week Range
$191.82
$345.19
Volume
2.82 million shs
Average Volume
2.07 million shs
Market Capitalization
$119.06 billion
P/E Ratio
35.16
Dividend Yield
1.26%
Price Target
$323.06

Eaton MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
8.5% Upside
$323.06 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.54
Upright™ Environmental Score
News Sentiment
0.73mentions of Eaton in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$801,725 Sold Last Quarter
Proj. Earnings Growth
11.93%
From $10.56 to $11.82 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.

4.62 out of 5 stars

Industrial Products Sector

16th out of 172 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

Eaton Co. plc (ETN) To Go Ex-Dividend on August 5th
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Eaton: AI/Electrification Catalysts Persists - Buy The Dip
Eaton Corp Unusual Options Activity For July 24
Eaton (ETN) to Release Earnings on Thursday
Brokerages Set Eaton Co. plc (NYSE:ETN) PT at $323.06
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
The 3 Best Dividend Stocks to Buy Now: July 2024
3 High-Quality Stocks for Long-Term Growth
Eaton: Positive Outlook But Highly Overvalued
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Ex-Dividend for 5/24 Dividend
5/03/2024
Dividend Payable
5/24/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/01/2024
Ex-Dividend for 8/23 Dividend
8/05/2024
Dividend Payable
8/23/2024
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
$323.06
High Stock Price Target
$385.00
Low Stock Price Target
$238.00
Potential Upside/Downside
+8.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
17 Analysts

Profitability

Net Income
$3.22 billion
Pretax Margin
17.19%

Debt

Sales & Book Value

Annual Sales
$23.66 billion
Cash Flow
$11.41 per share
Book Value
$47.76 per share

Miscellaneous

Free Float
397,681,000
Market Cap
$119.04 billion
Optionable
Optionable
Beta
1.02

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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 reported strong quarterly earnings, beating analysts' consensus estimates, indicating a financially healthy company.
  • The company has a solid return on equity of 20.69%, showcasing efficient utilization of shareholder funds.
  • Eaton's revenue growth of 8.4% year-over-year demonstrates a positive trend in the company's performance.
  • Analysts predict a robust EPS of 10.56 for the current fiscal year, suggesting potential for future growth and profitability.
  • Insider buying and selling activities can provide insights into the company's performance and future prospects.

Cons

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

  • Despite positive analyst ratings, one analyst has issued a sell rating on the stock, indicating some skepticism in the market.
  • The dividend payout ratio of 44.39% may raise concerns about the sustainability of dividend payments in the long term.
  • Recent insider selling by Peter Denk, a company insider, could signal lack of confidence in the company's future performance.
  • Institutional outflows from hedge funds may suggest a lack of institutional investor confidence in Eaton's future prospects.
  • Market volatility and economic uncertainties could impact Eaton's stock price and overall performance.
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 Sunday, July 7, 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 on January 1st, 2024. Since then, ETN stock has increased by 23.7% and is now trading at $297.79.
View the best growth stocks for 2024 here
.

How were Eaton's earnings last quarter?

Eaton Co. plc (NYSE:ETN) released its quarterly earnings data on Tuesday, April, 30th. The industrial products company reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.12. The firm's revenue for the quarter was up 8.4% on a year-over-year basis.
Read the conference call transcript
.

Does Eaton have any subsidiaries?

The following companies are subsidiaries of Eaton: 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?

Top institutional investors of Eaton include Bank of New York Mellon Corp (1.10%), Raymond James & Associates (0.94%), Raymond James Financial Services Advisors Inc. (0.39%) and Sumitomo Mitsui Trust Holdings Inc. (0.35%). 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, Daniel Roy Hopgood, Taras G Jr Szmagala, Thomas B Okray, Peter Denk, Michael Yelton, Olivier Leonetti, Sandra Pianalto, Uday Yadav, Christopher M Connor and Nandakumar Cheruvatath.
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 7/26/2024 by MarketBeat.com Staff

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