How to Buy Eaton Stock
Eaton Corp PLC
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.
How to Buy Eaton Stock
Wondering how to invest in Eaton stock? Here's how.
- Decide where to buy Eaton stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Eaton stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your payment method and add your information.
- Research Eaton stock: The Eaton ticker symbol is ETN. Is Eaton stock a good investment? Should you buy shares of ETN? How do ETN's underlying business fundamentals look? Do top analysts think Eaton is a good buy? Why has ETN's stock price moved recently? (Hint: Our stock research tools can help you understand if ETN is a good stock to buy).
- Place your ETN trade: Decide if you will purchase ETN shares at the current market price or use a limit order to buy ETN stock at a given price.
- Get notifications regarding your ETN investment: Create a watchlist to keep track of your new investment in Eaton shares.
Step 1: Decide where to buy Eaton stock
You will need a brokerage account to access the NYSE market and buy ETN stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal information so you are able to invest in ETN stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create your new brokerage account.
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Step 3: Deposit funds into your investment account
Now that you've opened your account on investing apps, you can securely and quickly fund your account:
Watch the tutorial below for more details transferring funds into your investment account.
Step 4: Research Eaton stock
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.
Eaton quick stats
Eaton Fundamentals
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.
Is ETN stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge ETN's intrinsic value.
Using relative valuations ratios:
- ETN may be overvalued based on its P/E ratio of 30.39x, relative to Specialty Industrial Machinery industry P/E ratio of 13.82x
- ETN may be overvalued based on its P/B ratio of 4.95x, relative to Specialty Industrial Machinery industry P/B ratio of 4.29x
- ETN could be overvalued based on its PEG ratio of 3.13x
You can access additional valuation analysis on ETN's stock here.
ETN Financial Health Summary
Signs that ETN is financially healthy:
- ETN's operating cash flow of $3.51B allows it to safely service it's debt of $9.64B.
- ETN profit margin has gone up from 11.4% to 13.2% in the past year.
- There are more short-term assets than short-term liabilities on the ETN balance sheet.
- ETN earnings of $3.76B is not enough to cover its interest payments.
Signs that ETN is not financially healthy:
- ETN has a relatively high debt to equity ratio of 1.03.
- Total ETN debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the ETN balance sheet.
Is ETN stock a Buy, Hold, or Sell, according to analysts?
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.
Most Recent ETN Analyst Ratings
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.
Earnings Report
For Q2 2023, Eaton reported:
- EPS of $2.21, which beat the Zacks Consensus Estimate of $2.11 and, by 18.2%, Q2 2022’s $1.87.
- Revenue of $5.87B, which beat the Zacks Consensus Estimate by 2.21% and, by 12.5%, Q2 2022’s $5.21B.
- Segment operating margin of 21.6%.
- Free cash flow of $691M.
- Capex of $160M.
Management guided:
For Q3 2023:
- EPS of $2.27 to $2.37.
- Revenue growth of 9% to 11%.
- Segment operating margin of 22.0% to 22.4%.
For FY 2023:
- EPS of $8.65 to $8.85.
- Revenue growth of 10% to 12%.
- Segment operating margin of 21.1% to 21.5%.
- Operating cash flow of $3.2B to $3.6B.
- Free cash flow of $2.6B to $3.0B.
- Capex of $700M.
- $300M to $600M share repurchase.
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.
ETN Technical Indicators
ETN Growth Numbers
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.
Latest Insiders Trades at ETN
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.
Does ETN provide a stable income stream?
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.
What do other traders have to say about ETN?
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Step 5: Place your ETN trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, use a limit order.
Press the Open button and your broker will execute your order.
If you want additional help with buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your ETN investment
Now that you own some ETN shares, you'll want to keep up with your investment.
Put ETN on a watchlist to get the latest updates about your ETN stock.
ETN Feed
How to Buy Stock in Eaton
To reiterate, here are the 6 steps to buy Eaton stock:
- Decide where to buy Eaton stock
- Open a brokerage account
- Deposit funds into your investment account
- Research Eaton stock
- Place your ETN trade
- Get notifications regarding your ETN investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Eaton, add ETN to your watchlist below.
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