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Eaton Corp PLC ETN

Morningstar Rating
$313.73 −0.91 (0.29%)
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Company Report

Eaton in Solid Position to Extend Margin Growth in 2024

Eaton is a mission-critical manufacturer of highly engineered products and services. These offerings are designed to solve customer pain points in vital portions of the world’s infrastructure. We believe Eaton has successfully repositioned its portfolio to fully benefit from an energy supercycle and capture secular trends like the global energy transition, digitization, and electrification. Eaton’s portfolio can be divided into two portions: its legacy industrial sector and its electrical sector.

Price vs Fair Value

ETN is trading at a 49% premium.
Price
$311.88
Fair Value
$623.00
Uncertainty
Medium
1-Star Price
$819.50
5-Star Price
$564.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Eaton’s portfolio moves could create value for shareholders and transform the firm from a 10% ROIC generator to one in the mid- to upper teens.

Bears

While Eaton has traditionally traded at a discount to peers, its return profile is worse than those peers'.

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News

Trading Information

Previous Close Price
$314.64
Day Range
$312.38315.74
52-Week Range
$155.38316.99
Bid/Ask
$313.67 / $313.77
Market Cap
$125.50 Bil
Volume/Avg
417,567 / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
34.51
Price/Sales
5.44
Dividend Yield (Trailing)
1.12%
Dividend Yield (Forward)
1.12%
Total Yield
1.12%

Company Profile

Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical Americas, electrical global, aerospace, vehicle, and eMobility. Eaton’s portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton’s electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others. While the company receives favorable tax treatment with its Ireland domicile, most of its operations are in the U.S.
Sector
Industrials
Industry
Specialty Industrial Machinery
Stock Style Box
Large Core
Total Number of Employees
94,000

Competitors

Valuation

Metric
ETN
ABBN
CMI
Price/Earnings (Normalized)
34.5120.9615.11
Price/Book Value
6.606.874.72
Price/Sales
5.442.711.23
Price/Cash Flow
33.4219.7127.17
Price/Earnings
ETN
ABBN
CMI

Financial Strength

Metric
ETN
ABBN
CMI
Quick Ratio
0.910.800.65
Current Ratio
1.511.181.18
Interest Coverage
26.3417.774.70
Quick Ratio
ETN
ABBN
CMI

Profitability

Metric
ETN
ABBN
CMI
Return on Assets (Normalized)
9.99%9.21%2.59%
Return on Equity (Normalized)
20.35%28.61%8.41%
Return on Invested Capital (Normalized)
13.75%16.80%4.90%
Return on Assets
ETN
ABBN
CMI
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Specialty Industrial Machinery Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
GE
General Electric CoVblqhnxssLrxmjwx$196.9 Bil
SIEGY
Siemens AG ADRJynfbcvxrnJsly$151.4 Bil
ITW
Illinois Tool Works IncHzcqcctwqmBqbmzf$80.1 Bil
PH
Parker Hannifin CorpWdrfkpzwJvdppq$71.7 Bil
EMR
Emerson Electric CoQyppckxMzcj$64.9 Bil
OTIS
Otis Worldwide Corp Ordinary SharesJknycqbyVgyg$40.5 Bil
CMI
Cummins IncSkjnfpdyDhcwyz$40.2 Bil
IR
Ingersoll Rand IncGdbprndsHjxgt$38.4 Bil
ROK
Rockwell Automation IncKkscwlpXmqg$33.4 Bil

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