Eaton stock: buy or sell?
January 17th, 2020
Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.
Should I buy Eaton stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
These 2 buy setups work for Eaton stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Eaton stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 7 ratings published for ETN stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-3||Robert W. Baird||Outperform||Neutral|
|2019-7-31||Morgan Stanley||n/a||Equal Weight|
|2019-4-4||Bank of America||Neutral||Buy|
|2019-4-4||Bank of America||Buy||Neutral|
|2019-3-4||Wells Fargo & Co||n/a||Buy|
Eaton stock analysis
Eaton ended yesterday at $95.68 after topping to a new all time high ($95.95) and inched a slightly fine 0.91%.
After climbing to all-time highs several times in past weeks, Eaton inched 0.91% to $95.68. On October ETN price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since SMA50d and SMA100d crossed up on September, ETN price climbed $13.10 per share (15.86%).
Eaton shares touched new all time highs again this week, setting highs to $95.95. Shares ended at $95.68 and appreciated 0.74% during the week.
Eaton stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, ETN might consolidate in a flat-base, waiting to break out over or down under . Late August 2019 ETN price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since early May 2019 when SMA20w and SMA40w crossed up, ETN price gained $14.26 per share (17.51%).
Eaton stock price history
Eaton stock historical price chart
ETN stock reached all-time highs yesterday with a price of $95.95.
Eaton stock price target is $84.00Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 4 price predictions for Eaton stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-3||Robert W. Baird||Downgrades||$89.00||$82.00||-7.9%|
|2019-7-31||Morgan Stanley||Raises Target||$88.00||$90.00||2.3%|
|2019-4-4||Bank of America||Downgrades||n/a||$88.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last April, when Eaton presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a decent gain of 5.91% to $21,609.00 million dollars. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) decreased a -4.70% to 9.93%. Eaton fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Eaton TTM sales up to March 2019 were $21,663.00 and income $2,179.00 M USD. If we compare this TTM figures with the last reported annuality, we can esteem Eaton business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, remained stable a tight 0.25%. Aligned with this, profit margin (net income/sales) stayed constant at 9.93%.
|2013||$22,050 M||-||$1,860 M8.4%||-|
|2014||$22,552 M||2.28%||$1,793 M8.0%||-3.60%|
|2015||$20,855 M||-7.52%||$1,979 M9.5%||10.37%|
|2016||$19,747 M||-5.31%||$1,922 M9.7%||-2.88%|
|2017||$20,404 M||3.33%||$2,985 M14.6%||55.31%|
|2018||$21,609 M||5.91%||$2,145 M9.9%||-28.14%|
|TTM||$21,663 M||0.25%||$2,179 M10.1%||1.59%|
Quarterly financial resultsEaton reported $5,305.00 M in sales for 2019-Q1, a -2.82% decline compared to previous quarter. Reported quarter income marked $522.00 million with a profit margin of 9.84%. Profit margin declined a -1.72% compared to previous quarter when profit margin was 11.56%. When comparing sales to same quarter last year, Eaton sales marked a tiny growth and grew a 1.03%.
|2017-Q2||$5,130 M||-||$515 M10.0%||-|
|2017-Q3||$5,211 M||1.58%||$1,399 M26.8%||171.65%|
|2017-Q4||$5,213 M||0.04%||$634 M12.2%||-54.68%|
|2018-Q1||$5,251 M||0.73%||$488 M9.3%||-23.03%|
|2018-Q2||$5,487 M||4.49%||$610 M11.1%||25.00%|
|2018-Q3||$5,412 M||-1.37%||$416 M7.7%||-31.80%|
|2018-Q4||$5,459 M||0.87%||$631 M11.6%||51.68%|
|2019-Q1||$5,305 M||-2.82%||$522 M9.8%||-17.27%|
Eaton ownershipWhen you are planning to invest in a stock, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Eaton, 0.22% of all outstanding shares are owned by its staff.
Bearish positions for ETN stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$40.2 B|
|Total shares||420.0 M|
|Float shares||412.1 M|
|- Institutional holdings (%)||82.8%|
|- Insider holdings (%)||0.2%|
|Shares in short selling||0.0%|
|Friday, January 17th, 2020|
|Day range||$94.62 - $95.95|
|Average true range||$1.14|
|50d mov avg||$93.22|
|100d mov avg||$87.87|
|200d mov avg||$83.46|
Eaton performanceTo better understand Eaton performance you must compare its gains with other related stocks in same sector or industry. For Eaton, the comparison is made against .
Eaton competitorsUnfortunately, we could not find any public company that could be defined as Eaton competitor. This doesn't mean Eaton does not have any competitor in the market, it's just we could not detected it.
Latest Eaton stock news
- Seeking AlphaEaton Keeping Its Ducks In A Row And Still UndervaluedMay 1, 2019
- Seeking AlphaEaton Makes Its Case For A Stronger Full-Cycle PerformanceMarch 19, 2019
- Seeking AlphaEaton Hitting Its Marks, But Still A Controversial NameFebruary 11, 2019
- Seeking AlphaEaton's Challenges Look More Sector/Sentiment-SpecificNovember 15, 2018
- Seeking AlphaEaton Outperforming And Still Undervalued, But Mind The CycleAugust 6, 2018