Dernières nouvelles pour Eaton Corp (NYSE:ETN) Stock

Eaton Corp

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.

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Eaton Corp PLC

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<p>For most investors, how much a stock&#39;s price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.</p>
<p>The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.</p>
<p>What if you&#39;d invested in <strong>Eaton</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etn#NYSE">ETN</a>) ten years ago? It may not have been easy to hold on to ETN for all that time, but if you did, how much would your investment be worth today?</p>
<h2>Eaton&#39;s Business In-Depth</h2>
<p>With that in mind, let&#39;s take a look at Eaton&#39;s main business drivers.</p>
<p>Dublin, Ireland-based Eaton Corporation plc is a diversified power management company and a global technology leader in electrical components and systems. It sells products in more than 175 countries and has in excess of 85,000 employees. The company was founded in 1911.</p>
<p>Eaton&#39;s current reportable segments are Electrical Americas, Electrical Global, Aerospace, Vehicle and eMobility.</p>
<p>The Electrical Americas segment includes sales contracts that are primarily for electrical and industrial components, power distribution and assemblies, residential products, single and three-phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, as well as services that are primarily produced and sold in North and South America. The Electrical Global segment consists of the same activities as mentioned in Electrical Americas but is primarily produced and sold outside of North and South America.</p>
<p>The Vehicle segment includes the Truck and Automotive subsegments. The truck segment designs, manufactures and markets powertrain systems and other components for commercial vehicle markets. The aerospace segment is a supplier of aerospace fuel and hydraulic and pneumatic systems for commercial and military use.</p>
<p>The eMobility segment focuses on two technologies within electric vehicles, namely Power electronics &amp; conversion and Power distribution &amp; circuit protection.</p>
<p>Eaton&#39;s segments &mdash; Electrical Americas, Electrical Global, Aerospace, Vehicle and eMobility &mdash; contributed 44.8%, 25.4%, 15%, 12% and 2.8%, respectively, to 2023 revenues.</p>
<h2>Bottom Line</h2>
<p>Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Eaton a decade ago, you&#39;re probably feeling pretty good about your investment today.</p>
<p>According to our calculations, a $1000 investment made in October 2014 would be worth $5,177.51, or a gain of 417.75%, as of October 4, 2024, and this return excludes dividends but includes price increases.</p>
<p>The S&amp;P 500 rose 189.65% and the price of gold increased 114.20% over the same time frame in comparison.</p>
<p>Going forward, analysts are expecting more upside for ETN.</p>
<p>Eaton benefits from its research and development work that allows to develop new products. Eaton is aided by rising demand from the new AI data center and contributions from its organic assets. Eaton is expanding via acquisitions and its strategy to manufacture in the region of its end market has helped the company to reduce expenses. Reindustrialization and megatrends will create more opportunities for Eaton. Its shares have outperformed the industry in the past year. Our model projects revenues to increase in 2024-26 period. Yet, Eaton&#39;s global operations expose it to unpredictable currency translation, cyber security threats, changes in tax rates and security breaches, which might impact operations. The shortage of raw materials and supplier insolvencies might impact production and operations.</p>
<p></p>
<p>Shares have gained 14.43% over the past four weeks and there have been 6 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.</p>
<p><a href="https://www.zacks.com/stock/news/2345851/here-s-how-much-you-d-have-if-you-invested-1000-in-eaton-a-decade-ago?cid=CS-BENZ-FT-tale_of_the_tape|investing_$1000-2345851">To read this article on Zacks.com click here.</a></p>

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Here's How Much You'd Have If You Invested $1000 in Eaton a Decade Ago

<p><strong>Eaton Corp's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) short percent of float has fallen 10.08% since its last report. The company recently reported that it has <strong>4.59 million shares sold short</strong>, which is 1.16% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.09 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Eaton Corp Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727987426_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Eaton Corp has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Eaton Corp's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Eaton Corp's peer group average for short interest as a percentage of float is 10.52%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Peering Into Eaton Corp's Recent Short Interest

<p>In the latest quarter, 10 analysts provided ratings for Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $345.1, a high estimate of $385.00, and a low estimate of $315.00. This current average reflects an increase of 0.35% from the previous average price target of $343.88. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727895688_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>The standing of Eaton Corp among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$327.00</td>
<td>$319.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Buy</td>
<td>$348.00</td>
<td>-</td>
</tr>
<tr>
<td>Tim Thein</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$365.00</td>
<td>$375.00</td>
</tr>
<tr>
<td>Chris Snyder</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Overweight</td>
<td>$370.00</td>
<td>-</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$333.00</td>
<td>$357.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$371.00</td>
<td>$376.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$315.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$319.00</td>
<td>$318.00</td>
</tr>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$385.00</td>
<td>$370.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$318.00</td>
<td>$316.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Eaton Corp. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Eaton Corp compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Eaton Corp's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into Eaton Corp's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ETN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Eaton Corp analyst ratings.</strong></a></p>
<h2>About Eaton Corp</h2>
<p>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.</p>
<h3>Breaking Down Eaton Corp's Financial Performance</h3>
<p><strong>Market Capitalization:</strong> Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.</p>
<p><strong>Revenue Growth:</strong> Eaton Corp's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>8.25%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.</p>
<p><strong>Net Margin:</strong> Eaton Corp's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>15.64%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Eaton Corp's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>5.16%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Eaton Corp's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>2.55%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> Eaton Corp's debt-to-equity ratio is below the industry average. With a ratio of <b>0.55</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>How Are Analyst Ratings Determined?</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Assessing Eaton Corp: Insights From 10 Financial Analysts

<p>Barclays  analyst Julian Mitchell   maintains Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Equal-Weight and raises the price target from $319 to $327.</p>


Price Target

Barclays Maintains Equal-Weight on Eaton Corp, Raises Price Target to $327

<p>Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) has outperformed the market over the past 15 years by 5.92% on an annualized basis producing an average annual return of 17.95%. Currently, Eaton Corp has a market capitalization of $130.76 billion. </p>
<p><strong>Buying $100 In ETN:</strong> If an investor had bought $100 of ETN stock 15 years ago, it would be worth <strong>$1,215.13</strong> today based on a price of $328.45 for ETN at the time of writing.</p>
<h3>Eaton Corp's Performance Over Last 15 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727470817_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $100 In This Stock 15 Years Ago, You Would Have $1,200 Today

Live On CNBC, Brenda Vingiello Announces Bought Eaton, Sold Boeing

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Eaton Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ETN, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Eaton Corp.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 33% bullish and 50%, bearish.</p>
<p>Out of all of the special options we uncovered, 4 are puts, for a total amount of $181,040, and 8 are calls, for a total amount of $519,776.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $370.0 for Eaton Corp during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Eaton Corp's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Eaton Corp's whale trades within a strike price range from $300.0 to $370.0 in the last 30 days. </p>
<h3>Eaton Corp Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727209851_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.3</td>
<td>$12.8</td>
<td>$13.12</td>
<td>$350.00</td>
<td>$112.0K</td>
<td>1.4K</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$22.3</td>
<td>$21.8</td>
<td>$22.12</td>
<td>$330.00</td>
<td>$110.9K</td>
<td>1.0K</td>
<td style="text-align: right;">94</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.4</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$340.00</td>
<td>$105.0K</td>
<td>1.4K</td>
<td style="text-align: right;">614</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.9</td>
<td>$4.6</td>
<td>$4.9</td>
<td>$300.00</td>
<td>$85.2K</td>
<td>755</td>
<td style="text-align: right;">245</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$14.3</td>
<td>$14.0</td>
<td>$14.15</td>
<td>$320.00</td>
<td>$55.2K</td>
<td>1.4K</td>
<td style="text-align: right;">44</td>
</tr>
</tbody>
</table>
</p>
<h3>About Eaton Corp</h3>
<p>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.</p>
<p>After a thorough review of the options trading surrounding Eaton Corp, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Eaton Corp</h3>
<ul>
<li>With a volume of 1,963,327, the price of ETN is down -0.73% at $327.39. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 35 days.</li>
</ul>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.</p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Eaton Corp with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Smart Money Is Betting Big In ETN Options

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Eaton Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ETN, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Eaton Corp.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $128,243, and 5 are calls, for a total amount of $232,926.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $310.0 for Eaton Corp, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Eaton Corp's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Eaton Corp's significant trades, within a strike price range of $160.0 to $310.0, over the past month.</p>
<h3>Eaton Corp Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726679813_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$158.0</td>
<td>$155.6</td>
<td>$158.0</td>
<td>$160.00</td>
<td>$79.0K</td>
<td style="text-align: right;">73</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$7.9</td>
<td>$7.2</td>
<td>$7.9</td>
<td>$310.00</td>
<td>$56.0K</td>
<td style="text-align: right;">560</td>
<td style="text-align: right;">160</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$66.4</td>
<td>$64.5</td>
<td>$65.02</td>
<td>$270.00</td>
<td>$52.0K</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$7.9</td>
<td>$7.8</td>
<td>$7.9</td>
<td>$310.00</td>
<td>$41.0K</td>
<td style="text-align: right;">560</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$64.9</td>
<td>$63.7</td>
<td>$64.6</td>
<td>$260.00</td>
<td>$38.7K</td>
<td style="text-align: right;">170</td>
<td style="text-align: right;">14</td>
</tr>
</tbody>
</table>
</p>
<h3>About Eaton Corp</h3>
<p>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.</p>
<p>Having examined the options trading patterns of Eaton Corp, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Eaton Corp's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,331,375, the ETN's price is up by 1.9%, now at $317.66. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Eaton Corp with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Behind the Scenes of Eaton Corp's Latest Options Trends

<p>Citigroup  analyst Andrew Kaplowitz   initiates coverage on Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Buy rating and announces Price Target of $348.</p>


Initiation

Citigroup Initiates Coverage On Eaton Corp with Buy Rating, Announces Price Target of $348

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Eaton Corp</strong>.</p>
<p>Looking at options history for Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) we detected 8 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.</p>
<p>From the overall spotted trades, 3 are puts, for a total amount of $126,690 and 5, calls, for a total amount of $349,579.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $260.0 to $300.0 for Eaton Corp over the recent three months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Eaton Corp options trades today is 931.33 with a total volume of 1,452.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Eaton Corp's big money trades within a strike price range of $260.0 to $300.0 over the last 30 days.</p>
<h3>Eaton Corp Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726081269_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$28.5</td>
<td>$28.1</td>
<td>$28.1</td>
<td>$290.00</td>
<td>$129.2K</td>
<td>294</td>
<td style="text-align: right;">53</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$16.0</td>
<td>$15.7</td>
<td>$15.87</td>
<td>$290.00</td>
<td>$79.3K</td>
<td>461</td>
<td style="text-align: right;">197</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.2</td>
<td>$6.7</td>
<td>$6.9</td>
<td>$290.00</td>
<td>$69.0K</td>
<td>2.1K</td>
<td style="text-align: right;">106</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.4</td>
<td>$3.0</td>
<td>$3.4</td>
<td>$300.00</td>
<td>$64.9K</td>
<td>2.3K</td>
<td style="text-align: right;">557</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.0</td>
<td>$2.8</td>
<td>$3.0</td>
<td>$300.00</td>
<td>$45.0K</td>
<td>2.3K</td>
<td style="text-align: right;">365</td>
</tr>
</tbody>
</table>
</p>
<h3>About Eaton Corp</h3>
<p>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.</p>
<p>Following our analysis of the options activities associated with Eaton Corp, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Eaton Corp</h3>
<ul>
<li>Trading volume stands at 1,383,116, with ETN's price up by 3.03%, positioned at $297.04.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 48 days.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Eaton Corp options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


What the Options Market Tells Us About Eaton Corp

<p>Raymond James  analyst Tim Thein   maintains Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Outperform and lowers the price target from $375 to $365.</p>


Raymond James Maintains Outperform on Eaton Corp, Lowers Price Target to $365

General

TSLA

Eaton Says Targeting Early 2025, Tesla's Powerwall To Support Eaton's New AbleEdge Smart Breakers

<p>Ratings for Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $348.25, with a high estimate of $385.00 and a low estimate of $315.00. This upward trend is evident, with the current average reflecting a 1.58% increase from the previous average price target of $342.83.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725649271_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>A comprehensive examination of how financial experts perceive Eaton Corp is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris Snyder</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Overweight</td>
<td>$370.00</td>
<td>-</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$333.00</td>
<td>$357.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$371.00</td>
<td>$376.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$315.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$319.00</td>
<td>$318.00</td>
</tr>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$385.00</td>
<td>$370.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$318.00</td>
<td>$316.00</td>
</tr>
<tr>
<td>Tim Thein</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$375.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Eaton Corp. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Eaton Corp compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Eaton Corp's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Eaton Corp's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ETN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Eaton Corp analyst ratings.</strong></a></p>
<h2>Delving into Eaton Corp's Background</h2>
<p>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.</p>
<h3>A Deep Dive into Eaton Corp's Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.</p>
<p><strong>Revenue Growth:</strong> Eaton Corp's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>8.25%</strong>. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.</p>
<p><strong>Net Margin:</strong> Eaton Corp's net margin is impressive, surpassing industry averages. With a net margin of <strong>15.64%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>5.16%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>2.55%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> Eaton Corp's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.55</strong>.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Critical Insights From Eaton Corp Analyst Ratings: What You Need To Know

<p>Morgan Stanley  analyst Chris Snyder   initiates coverage on Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Overweight rating and announces Price Target of $370.</p>


Morgan Stanley Initiates Coverage On Eaton Corp with Overweight Rating, Announces Price Target of $370

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a></p>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585939c1ee7bf600010fe945/nigel-coe">Wolfe Research analyst Nigel Coe</a> upgraded the rating for <strong>Eaton Corporation plc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) from Underperform to Peer Perform. Eaton shares fell 1.1% to close at $285.72 on Thursday. <a href="https://www.benzinga.com/quote/ETN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank analyst Nicole Deblase upgraded <strong>Hubbell Incorporated</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>) from Hold to Buy and raised the price target from $431 to $441. Hubbell shares fell 1.2% to close at $370.42 on Thursday. See how other analysts view this stock.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5ffc5e0662ba1f0001bb0ac5/nick-lai">JP Morgan analyst Nick Lai </a>upgraded the rating for<strong> NIO Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) from Neutral to Overweight and raises the price target from $5.3 to $8. NIO shares gained 14.4% to close at $4.85 on Thursday. <a href="https://www.benzinga.com/quote/nio/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst Charles Duncan upgraded <strong>Intra-Cellular Therapies, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) from Neutral to Overweight and boosted the price target from $68 to $92. Intra-Cellular Therapies shares declined 0.3% to close at $72.42 on Thursday. S<a href="https://www.benzinga.com/quote/itci/analyst-ratings">ee how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/630f381cec9f420001742995/benjamin-budish">Barclays analyst Benjamin Budish</a> upgraded the rating for <strong>Robinhood Markets, In</strong>c. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) from Underweight to Equal-Weight and raised the price target from $18 to $20. Robinhood shares gained 2.9% to close at $19.67 on Thursday. <a href="https://www.benzinga.com/quote/hood/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying HOOD stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="521" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06085850/image-1-12-1024x521.png" alt="" class="wp-image-534479" style="width:643px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06085850/image-1-12-1024x521.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06085850/image-1-12-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06085850/image-1-12-768x391.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/06085850/image-1-12.png 1311w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>


Upgrades

Pre-Market Outlook

HOOD

HUBB

ITCI

This Robinhood Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Friday

<p>Wolfe Research  analyst Nigel Coe   upgrades Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) from Underperform to Peer Perform.</p>


Wolfe Research Upgrades Eaton Corp to Peer Perform

<p>Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) has outperformed the market over the past 5 years by 13.88% on an annualized basis producing an average annual return of 26.89%. Currently, Eaton Corp has a market capitalization of $113.75 billion. </p>
<p><strong>Buying $100 In ETN:</strong> If an investor had bought $100 of ETN stock 5 years ago, it would be worth <strong>$336.74</strong> today based on a price of $285.72 for ETN at the time of writing.</p>
<h3>Eaton Corp's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725570028_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $100 In This Stock 5 Years Ago, You Would Have $300 Today

WIIM

ATMU

BLDR

CARR

FTAI

GTES

HAYW

Shares of companies in the broader industrial sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

<p>Financial giants have made a conspicuous bullish move on Eaton Corp. Our analysis of options history for Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) revealed 9 unusual trades.</p>
<p>Delving into the details, we found 55% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $190,916, and 3 were calls, valued at $297,946.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $350.0 for Eaton Corp over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Eaton Corp's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Eaton Corp's significant trades, within a strike price range of $240.0 to $350.0, over the past month.</p>
<h3>Eaton Corp Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724958127_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$80.8</td>
<td>$79.3</td>
<td>$79.65</td>
<td>$240.00</td>
<td>$159.4K</td>
<td>26</td>
<td>20</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$41.9</td>
<td>$39.7</td>
<td>$40.1</td>
<td>$270.00</td>
<td>$76.1K</td>
<td>44</td>
<td>19</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$7.9</td>
<td>$7.7</td>
<td>$7.79</td>
<td>$350.00</td>
<td>$62.3K</td>
<td>1.3K</td>
<td>85</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.46</td>
<td>$290.00</td>
<td>$40.3K</td>
<td>2.7K</td>
<td>1.9K</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$15.1</td>
<td>$14.8</td>
<td>$15.1</td>
<td>$280.00</td>
<td>$34.7K</td>
<td>0</td>
<td>27</td>
</tr>
</tbody>
</table>
</p>
<h3>About Eaton Corp</h3>
<p>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.</p>
<p>Following our analysis of the options activities associated with Eaton Corp, we pivot to a closer look at the company's own performance.</p>
<h3>Eaton Corp's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,446,831, the price of ETN is up by 2.76%, reaching $301.69.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 61 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Eaton Corp</h3>
<p>Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $334.5.</p>
<ul>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Eaton Corp, which currently sits at a price target of $333. </li>
<li>An analyst from Barclays has decided to maintain their Equal-Weight rating on Eaton Corp, which currently sits at a price target of $319. </li>
<li>An analyst from RBC Capital has decided to maintain their Outperform rating on Eaton Corp, which currently sits at a price target of $371. </li>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Eaton Corp, targeting a price of $315. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Eaton Corp, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Looking At Eaton Corp's Recent Unusual Options Activity

<p>Investors with significant funds have taken a bearish position in Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), a development that retail traders should be aware of.</p>
<p>This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in ETN usually indicates foreknowledge of upcoming events.</p>
<p>Today, Benzinga's options scanner identified 8 options transactions for Eaton Corp. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 0% being bullish and 75% bearish. Of all the options we discovered, 7 are puts, valued at $534,993, and there was a single call, worth $49,210.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $280.0 to $300.0 for Eaton Corp over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Eaton Corp stands at 1506.2, with a total volume reaching 460.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Eaton Corp, situated within the strike price corridor from $280.0 to $300.0, throughout the last 30 days.</p>
<h3>Eaton Corp Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724353288_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$24.2</td>
<td>$24.1</td>
<td>$24.1</td>
<td>$290.00</td>
<td>$161.4K</td>
<td>108</td>
<td style="text-align: right;">67</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$28.6</td>
<td>$27.5</td>
<td>$28.6</td>
<td>$300.00</td>
<td>$134.4K</td>
<td>29</td>
<td style="text-align: right;">63</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$28.6</td>
<td>$27.6</td>
<td>$28.6</td>
<td>$300.00</td>
<td>$68.6K</td>
<td>29</td>
<td style="text-align: right;">87</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.5</td>
<td>$20.3</td>
<td>$20.4</td>
<td>$300.00</td>
<td>$51.0K</td>
<td>1.3K</td>
<td style="text-align: right;">41</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$26.4</td>
<td>$25.9</td>
<td>$25.9</td>
<td>$300.00</td>
<td>$49.2K</td>
<td>678</td>
<td style="text-align: right;">30</td>
</tr>
</tbody>
</table>
</p>
<h3>About Eaton Corp</h3>
<p>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.</p>
<p>After a thorough review of the options trading surrounding Eaton Corp, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of Eaton Corp</h3>
<ul>
<li>Trading volume stands at 1,193,309, with ETN's price down by -0.28%, positioned at $298.85.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 68 days.</li>
</ul>
<h3>What The Experts Say On Eaton Corp</h3>
<p>In the last month, 4 experts released ratings on this stock with an average target price of $334.5.</p>
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Eaton Corp, targeting a price of $333. </li>
<li>An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Eaton Corp, which currently sits at a price target of $315. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Eaton Corp, targeting a price of $319. </li>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Eaton Corp with a target price of $371. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Eaton Corp options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


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Press Releases

Eaton names Tiffany Hanisch senior vice president, Internal Audit

Eaton Recognized in Three Countries as a Best Place to Work for Disability Inclusion

Eaton Declares Quarterly Dividend Payable August 23, 2024

Karenann Terrell elected to Eaton's Board of Directors

Eaton Reports Record Second Quarter 2024 Results, with Continued Strong Orders and Backlog Growth

Eaton names Paulo Ruiz president and COO effective September 2, 2024; Ruiz to succeed Craig Arnold as CEO on June 1, 2025

Eaton helps Dallas Fort Worth International Airport build new electric Central Utility Plant and accelerate progress toward net zero carbon emissions

Eaton expands its Montreal Innovation Center focused on R&D for the energy transition

Eaton streamlines residential solar and energy storage installations with new industry-first smart breakers and home energy management system

Eaton launches collaboration with Tesla at RE+ 24 streamlining new and retrofit home energy storage deployments

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