EatonETN
About: Founded in 1911 by Joseph Eaton, the eponymous company began by selling truck axles in New Jersey. Eaton has since become an industrial powerhouse largely through acquisitions in various end markets. Eaton's portfolio can broadly be divided into two parts: its electrical and industrial businesses. Its electrical portfolio (representing around 70% of company revenue) sells components within data centers, utilities, and commercial and residential buildings, while its industrial business (30% of revenue) sells components within commercial and passenger vehicles and aircraft. Eaton receives favorable tax treatment as a domiciliary of Ireland, but it generates over half of its revenue within the US.
Employees: 94,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
44% more call options, than puts
Call options by funds: $1.18B | Put options by funds: $820M
25% more first-time investments, than exits
New positions opened: 195 | Existing positions closed: 156
15% more repeat investments, than reductions
Existing positions increased: 843 | Existing positions reduced: 731
6% more funds holding in top 10
Funds holding in top 10: 63 [Q2] → 67 (+4) [Q3]
2% more funds holding
Funds holding: 2,040 [Q2] → 2,079 (+39) [Q3]
1% less capital invested
Capital invested by funds: $107B [Q2] → $106B (-$1.12B) [Q3]
4.85% less ownership
Funds ownership: 84.96% [Q2] → 80.11% (-4.85%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Citigroup Andrew Kaplowitz 61% 1-year accuracy 41 / 67 met price target | 30%upside $440 | Buy Maintained | 9 Dec 2024 |
Jefferies Stephen Volkmann 20% 1-year accuracy 2 / 10 met price target | 30%upside $440 | Buy Maintained | 6 Dec 2024 |
Barclays Julian Mitchell 61% 1-year accuracy 62 / 101 met price target | 4%upside $353 | Equal-Weight Maintained | 5 Dec 2024 |
UBS Amit Mehrotra 20% 1-year accuracy 2 / 10 met price target | 27%upside $431 | Buy Assumed | 13 Nov 2024 |
B of A Securities Andrew Obin 80% 1-year accuracy 20 / 25 met price target | 21%upside $410 | Buy Maintained | 13 Nov 2024 |
Financial journalist opinion
Based on 14 articles about ETN published over the past 30 days
