ETN Stock Summary and Trading Ideas (Eaton PLC | NYSE:ETN)

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.

Eaton PLC trades on the NYSE stock market under the symbol ETN.

As of January 31, 2025, ETN stock price declined to $326.44 with 5,833,711 million shares trading.

ETN has a beta of 1.75, meaning it tends to be more sensitive to market movements. ETN has a correlation of 0.48 to the broad based SPY ETF.

ETN has a market cap of $129.01 billion. This is considered a Large Cap stock.

Last quarter Eaton PLC reported $6 billion in Revenue and $2.84 earnings per share. This fell short of revenue expectation by $-25 million and exceeded earnings estimates by $.04.

In the last 3 years, ETN traded as high as $379.99 and as low as $122.50.

The top ETF exchange traded funds that ETN belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

ETN has outperformed the market in the last year with a return of +34.2%, while the SPY ETF gained +26.1%. However, in the most recent history, ETN shares have underperformed the stock market with its stock returning -1.3% in the last 3 month period and -5.7% for the last 2 week period, while SPY has returned +6.2% and +0.7%, respectively.

ETN support price is $319.38 and resistance is $334.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ETN shares will trade within this expected range on the day.