EatonETN
About: 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.
Employees: 94,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
161% more first-time investments, than exits
New positions opened: 285 | Existing positions closed: 109
13% more repeat investments, than reductions
Existing positions increased: 851 | Existing positions reduced: 752
6% more funds holding
Funds holding: 2,095 [Q3] → 2,230 (+135) [Q4]
1.95% more ownership
Funds ownership: 80.02% [Q3] → 81.97% (+1.95%) [Q4]
2% more capital invested
Capital invested by funds: $105B [Q3] → $108B (+$2.29B) [Q4]
12% less funds holding in top 10
Funds holding in top 10: 69 [Q3] → 61 (-8) [Q4]
18% less call options, than puts
Call options by funds: $1.13B | Put options by funds: $1.37B
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Citigroup Andrew Kaplowitz 36% 1-year accuracy 31 / 86 met price target | 10%upside $323 | Buy Maintained | 14 Apr 2025 |
JP Morgan Stephen Tusa 47% 1-year accuracy 16 / 34 met price target | 2%downside $289 | Overweight Maintained | 8 Apr 2025 |
Keybanc Jeffrey Hammond 36% 1-year accuracy 16 / 45 met price target | 10%upside $325 | Overweight Maintained | 8 Apr 2025 |
Barclays Julian Mitchell 36% 1-year accuracy 46 / 128 met price target | 4%upside $306 | Equal-Weight Maintained | 4 Apr 2025 |
Jefferies Stephen Volkmann 0% 1-year accuracy 0 / 10 met price target | 14%upside $335 | Buy Maintained | 12 Mar 2025 |
Financial journalist opinion
Based on 19 articles about ETN published over the past 30 days
