Eaton stock: buy or sell?
May 20th, 2019
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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Just 1 of our buy setups matches with Eaton stock now:
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||Yes|
Is Eaton stock a buy?
Everyday, hundreds of stock ratings are posted 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. The general sentiment of these ratings is bullish for ETN stock, with 4 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|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|
|2019-1-8||Wolfe Research||Outperform||Market Perform|
|2019-1-3||Credit Suisse Group||n/a||Outperform|
Eaton stock analysis
Eaton ended today at $78.46 and depreciated a disappointing -0.37%.
Shares of Eaton ended today at $78.46 and depreciated a disappointing -0.37%. Since today when SMA100d and SMA200d crossed up, ETN price slipped $-0.29 per share (-0.37%). Since price and SMA200d lines crossed up on February, ETN climbed $4.14 (5.57%).
Shares of Eaton ended this week at $78.46 and stayed steady a disappointing -0.37%. This was the fifth red week in a row, sliding in full a -7.23%.
In a weekly time frame, 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 . Far behind is the all-time high Eaton recorded by mid September 2018 but price is just -9.92% below that top. Since early May when SMA20w and SMA40w crossed up, ETN price slipped $-4.34 per share (-5.24%). Since mid February when ETN stock price broke up the SMA40w line, it gained $3.95 (5.30%).
Eaton stock price history
Eaton stock historical price chart
ETN stock reached all-time highs on September with a price of $87.10.
Eaton stock price target is $80.30Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 3 price predictions for Eaton stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-4-4||Bank of America||Downgrades||n/a||$88.00||-|
|2019-1-3||Credit Suisse Group||Reiterates||$85.00||$80.00||-5.9%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last April 29th, when Eaton published its last earnings report, it declined a tragic -5.52%. 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 turnover report draw a decent increase of 5.91% to $21,609.00 million USD. In contrast, its income margin (compared to sales) decreased to 9.93%, that is $2,145.00 million. To have an updated picture of the financial situation of Eaton, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Eaton TTM sales up to March 2019 were $21,663.00 and income was $2,179.00 M dollars. When comparing 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 steady a tight 0.25%. Regarding profit margin, Eaton stayed stable 0.13% to 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 turnover to same quarter last year, Eaton sales marked a tiny growth and stepped up 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 shares of a company, it's always worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Eaton, 0.25% of all outstanding shares are owned by its staff.
Bearish positions for ETN stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Eaton:
|Market cap||$33.2 B||$6.2 B||$39.8 B||$3.2 B|
|Total shares||423.1 M||141.1 M||614.6 M||42.8 M|
|Float shares||422.0 M||138.1 M||610.8 M||42.4 M|
|- Institutional holdings (%)||80.4%||98.7%||74.2%||95.7%|
|- Insider holdings (%)||0.2%||0.9%||0.6%||1.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
|Monday, May 20th, 2019|
|Day range||$77.92 - $78.82|
|Average true range||$1.59|
|50d mov avg||$81.31|
|100d mov avg||$77.19|
|200d mov avg||$77.05|
Eaton performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Eaton to A.O Smith, Emerson Electric and Regal Beloit:
Eaton competitorsOne check before trading any stock is to have a look a list of its competitors, in this case for Eaton. We chose 3 companies as Eaton competitors as they are in the same industry or have similar market objectives.
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