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Eaton Corporation plc (ETN)

NYSE - Nasdaq Real Time Price. Currency in USD
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157.31+1.85 (+1.19%)
As of 11:13AM EDT. Market open.
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  • M
    Michael
    Is this company really worth twice as much as it was trading for just 2 years ago? This market truly is out of control. The correction is going to be very painful.
  • R
    R.G.
    From ClearBridge Financial

    "One secular consumer trend we are increasingly investing in is electric vehicles (EVs). In addition to owning Aptiv and NXP, leading component suppliers for EVs, we initiated a new position in the second quarter in Eaton, a global manufacturer of electrical, power management and hydraulics components and equipment. Eaton is a critical player in supporting the increasing electrification of the global economy with opportunities in areas ranging from utility generation and distribution infrastructure to EV charging stations, solar power systems and electricity supply for data centers. Eaton has transformed itself over the last decade from a heavy industrial company into a diverse set of businesses levered to the more attractive secular growth of electrification. We anticipate this focus will allow electrical products’ revenue to grow in the mid-to-high single digits and support margin improvement."
    Bullish
  • R
    Ronald
    Why the sudden price drop?
  • R
    R.G.
    The proposed budget shows $80B for the grid system. Eaton should gain nicely from this.
  • w
    william
    I worked for Eaton. When applying for another role within, my boss, a prominent VP, told me that “You’re too white to be right” for this role. “We need a diverse candidate”. A Vice President actually said that out loud, to me, and I later found out, to another internal candidate as well. One of the most ethical companies …. The inside look is MUCH different than the outside view
  • D
    David
    Recent price target increases include:
    Morgan Stanley: $180 - Overweight
    Credit Suisse: $158 – Outperform
    Wolf Research: $162 – Outperform
    Evercore ISI: $168 – Outperform
    Oppenheimer: $160 – Outperform
    Average PT among 19 analysts: $161.89
    Bullish
  • J
    JackDiane
    Morgan Stanley has $180 price target for next year for Eaton.
    Bullish
  • H
    Howie
    27 times EBITDA with sub 10% ROE? Seems a little high to me.
  • R
    Rodd
    Split would be nice but I'm content without.
  • S
    Steven
    speak softly n watch the price rise .been long (roth) since 2000.
  • H
    Howie
    From the conference call.....Eaton M&A, closing three deals. We're also making good progress toward the closure of the previously announced acquisition of Cobham Mission Systems as well as the divestiture of Hydraulics. And finally, we recently announced the agreement to acquire 50% of Jiangsu YiNeng meaning electric's busway business in China, an important part of our growth strategy for the Asia Pacific region. Having been quite busy on the M&A front, we thought it'd be helpful to provide a summary of these three recent deals. We covered Tripp Lite and Cobham Mission Systems acquisitions in some depth on the investor meetings, but each of these three deals here certainly advanced our strategic growth objectives and our electrical business.

    First, Green Motion, based in Switzerland, it expands our capabilities in the electrical charging market where we expect to see significant growth over the next decade linked to energy transition. Their proven charter designs and advanced power management capabilities, billing software are valuable additions to our existing energy storage and power distribution offerings that support our view of everything as a grid. We also closed our previously announced investment in HuanYu. HuanYu is based in China and provides a strong portfolio of products that will open up significant growth opportunities in our business throughout Asia Pacific. They make cost-effective circuit breakers and contactors and that give us access to Tier 2 and Tier 3 markets in Asia Pacific.

    And finally, last week we were pleased to announce the agreement to acquire 50% of Jiangsu YiNeng electric busway business in China. YiNeng's strong busway capabilities in China combined with YiNeng's broad portfolio of products will really position us well to participate in the high growth data center, industrial and high-end commercial segments and allowing us to pull through related electrical products. The HuanYu and YiNeng transactions, I'd also add, significantly expand our addressable market in China and in Asia Pacific, certainly allowing us to accelerate our growth rate in the region.
  • J
    John
    2020 Guidance
    2020 Full Year Outlook
    Adjusted Earnings Per Share $5.60 - $5.90
    Organic Revenue (1) – 1%
    Acquisition Revenue 2%
    Divested Revenue (7.5)%
    Adjusted Segment Operating Margins 17.8% - 18.2%
    Corporate Expenses (interest, pension, other corporate) Flat with 2019 levels
    Tax Rate on Adjusted Earnings 14.8% - 15.8%
    Operating Cash Flow $3.4B - $3.6B
    Free Cash Flow $2.8B - $3.0B
    Capex $550M
    Share Repurchases $2.4B - $2.8B
    1st Quarter Outlook
    Adjusted Earnings Per Share $1.16 - $1.26
    Organic Revenue (3)%
    Acquisition Revenue 2%
    Divested Revenue (3)%
    Adjusted Segment Operating Margins 15.8% - 16.2%
    Tax Rate 15% - 16%
  • C
    Curplut
    Was looking to get some opinions here. I'm a distributor for eaton's electrical unit. I'm also an individual stock holder. Within the past year or so, and still going on, Eaton has had trouble filling my orders and in some cases back ordering items for multiple months. Mostly this involves circuit breakers, but some other items too. My question is, would you view this as positive since obviously their products are in demand, or negative since a large company should be able to fill orders in a reasonable time frame. My customers love the quality material, but myself and Eaton have lost orders because of this. Thoughts?
  • A
    Anonymous
    EPS $1.46 versus consensus $1.43; slight beat. Guidance for 2019 $5.70 to $6.00 per share. At 15 P/E, this is a $90 stock...
  • A
    Anonymous
    Market looking for solid firms that pay a reasonable dividend. Interest rates are headed down; ETN is headed up.
  • J
    John
    KeyBanc Upgrades Eaton to Overweight, Announces $93 Target Price
  • D
    David
    At the current price of $60/share, the dividend yield is 4.87%. This could be an awesome buying opportunity for the buy-and-hold investor!
    Bullish
  • A
    Anonymous
    Close to 4% dividend; time to buy and hold for a year.
  • J
    John
    when is Ex-Div?
  • M
    Michael
    Seriously, whats going on here? Solid earnings and revenue and we open down ~3%??