Eaton is a specialty industrial machinery company located in Ireland, which is part of the Industrials sector, and is traded under the ticker ETN on the NYSE exchange.
Eaton stock last closed at $227.93, up 0.45% from the previous day, and has increased 44.93% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.31 percentage points. Eaton stock is currently +51.09% from its 52-week low of $150.86, and -5.2% from its 52-week high of $240.44.
There are currently 399.3M shares of ETN outstanding. The market cap of ETN is $91.01B. In the last 24 hours, 1.36M ETN shares were traded.
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Once you have identified the best place to buy Eaton stock, it's very important to evaluate their stock before you buy, so you can comprehend the risk as well as the opportunity.
WallStreetZen was created to help part-time investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on ETN's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge ETN's intrinsic value.
Using relative valuations ratios:
You can access additional valuation analysis on ETN's stock here.
Out of 10 Wall Street analysts who give recommendations on ETN, the consensus analyst rating on Eaton is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
John Eade, a top 8% analyst from Argus Research maintains ETN with a strong buy rating and raises their ETN price target from $195.00 to $250.00, on Aug 3, 2023.
Argus Research's John Eade raised their price target on Eaton (NYSE: ETN) by 28.2% from $195 to $250 on 2023/08/03. The analyst maintained their Strong Buy rating on the stock.
The company reported an earnings beat for the quarter, Eade highlighted after reviewing Eaton's Q2 2023 print, released on 2023/08/01.
Margin expansion, stock repurchases, and moderate revenue growth have put the company in a solid position to sustain high single-digit EPS growth in the future, the analyst told investors.
Also, Eaton has a solid track record of dividend increases and a strong balance sheet, Eade noted.
For Q2 2023, Eaton reported:
Management guided:
For Q3 2023:
For FY 2023:
Chairman & CEO Craig Arnold commented in the earnings call: “We’re starting to see once again growth in the wide-body market.
“The long-haul market has been especially weak during COVID and post-COVID period, and is now beginning to pick up.
“The important message here is that these programs - as these programs ramp up, we’d expect to grow faster than our end markets, given the increased content on each of these platforms, our aerospace business is expected to see significant growth over the next five years or even longer.”
Ann Duignan, a bottom 18% analyst from JP Morgan maintains ETN with a hold rating and raises their ETN price target from $178.00 to $185.00, on Aug 2, 2023.
Brett Linzey, a top 12% analyst from Mizuho maintains ETN with a strong buy rating and raises their ETN price target from $210.00 to $250.00, on Aug 2, 2023.
Timothy Thein, a top 7% analyst from Citigroup maintains ETN with a strong buy rating and raises their ETN price target from $190.00 to $235.00, on Jul 18, 2023.
Joseph O'Dea, a bottom 17% analyst from Wells Fargo maintains ETN with a hold rating and raises their ETN price target from $180.00 to $195.00, on Jul 10, 2023.
You can dive deeper into what analysts are saying on the Eaton stock forecast page.
Last year, ETN earnings were $2.99B. Over the past 5 year, ETN's earnings have increased by 8.84% per year. This was slower than the Specialty Industrial Machinery industry average of 35.82%.
Last year, ETN revenue was $22.61B. In the past five year, ETN's revenue has gone up by 1.14% per year. This was slower than the Specialty Industrial Machinery industry average of 6.26%.
You can analyze ETN's earnings and revenue performance here.
In the last year, insiders at ETN have sold more shares than they have bought.
Sternadt Paulo Ruiz, Officer of ETN, was the latest ETN insider to sell. They sold $601,823.95 worth of ETN shares on Dec 4, 2023.
Get more info about who owns ETN stock here.
Eaton pays a dividend of 1.51%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.41%. If you owned $1,000 worth of ETN stock, you would have received $15.09 last year.
Eaton dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Eaton dividend yield and history here.
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