Últimas noticias sobre Eaton Corp (NYSE:ETN) Bolsa

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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Mizuho analyst Brett Linzey maintains Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Outperform and raises the price target from $365 to $385.

News

Price Target

Analyst Ratings

Mizuho Maintains Outperform on Eaton Corp, Raises Price Target to $385

RBC Capital analyst Deane Dray reiterates Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Outperform and maintains $374 price target.

Reiteration

RBC Capital Reiterates Outperform on Eaton Corp, Maintains $374 Price Target

In the preceding three months, 8 analysts have released ratings for Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</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>Last 30D</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>1M Ago</td>
<td style="text-align: right;">0</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>
</tr>
<tr>
<td>2M Ago</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>3M Ago</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>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $346.25, a high estimate of $370.00, and a low estimate of $320.00. Surpassing the previous average price target of $341.33, the current average has increased by 1.44%.
<img src="https://www.benzinga.com/files/images/story/2024/1730476847_0_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Eaton Corp. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<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>Lowers</td>
<td>Equal-Weight</td>
<td>$320.00</td>
<td>$327.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$365.00</td>
<td>$355.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$342.00</td>
<td>$315.00</td>
</tr>
<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>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: 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>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Eaton Corp compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Eaton Corp's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ETN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Eaton Corp analyst ratings.</a>
<h2>All You Need to Know About Eaton Corp</h2>
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.
<h3>Breaking Down Eaton Corp's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Eaton Corp showcased positive performance, achieving a revenue growth rate of 8.25% as of 30 June, 2024. This reflects 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.
Net Margin: Eaton Corp's net margin excels beyond industry benchmarks, reaching 15.64%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Eaton Corp's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.16% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.55%, the company showcases effective utilization of assets.
Debt Management: Eaton Corp's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.55.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.
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Unveiling 8 Analyst Insights On Eaton Corp

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 lowers the price target from $327 to $320.

Barclays Maintains Equal-Weight on Eaton Corp, Lowers Price Target to $320

Risk aversion swept across markets on Thursday as investor disappointment over third-quarter tech earnings triggered the steepest drop in major U.S. indices <a href="https://www.benzinga.com/markets">in nearly two months.</a>
Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) plummeted over 5% by midday trading in New York, on track for its worst session in two years. Although the company surpassed earnings estimates, it forecasted slower growth in its Azure cloud business, dampening future revenue expectations.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) also declined by over 4% despite a strong quarterly performance, as the social media giant projected &#8220;significant&#8221; capital expenditure growth next year, particularly for AI infrastructure.
The elite &#8220;Magnificent Seven&#8221; tech group shed nearly $500 billion in market capitalization within a single day after reaching a record high of $16.8 trillion. Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are set to report earnings after the market close.
In economic news, inflation sent mixed signals for September. The Personal Consumption Expenditures (PCE) price index slowed as expected to 2.1% annually, while the Fed's preferred inflation measure, the core PCE price index, remained at 2.7% year over year, slightly <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41658542/fed-interest-rate-cuts-expected-but-economists-warn-of-bumpy-course-in-this-last-">above the expected 2.6%.</a>
The S&amp;P 500 dropped 1.4%, and the tech-heavy Nasdaq 100 slid 2.2%, both tracking their worst session since Sept. 6. The CBOE Volatility Index (VIX) surged 12%.
Risk aversion also weighed on commodities, with gold prices dropping 1.7%, marking their worst day since July, and silver plunging 3% after a 2% decline on Wednesday. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slid 2.4%, and crypto-related stocks suffered significant losses. Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) tumbled over 10% on disappointing earnings, eyeing its worst day since May.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,832.30</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,213.10</td>
<td>-0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,729.43</td>
<td>-1.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,943.07</td>
<td>-2.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:20 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 1.5% to $571.51.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.8% to $418.60.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tumbled 2.2% to $485.78. </li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $219.65.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, rising 1.4%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 2.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to corporate earnings were: 
<ul>
<li>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), up over 5%, </li>
<li>Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), up 1.7%,</li>
<li>Starbucks Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>), down 0.6%, </li>
<li>eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), down over 8%, </li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), up 1.9%,</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), up 24%,</li>
<li>Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), down 1.8%, </li>
<li>Merck &amp; Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), down 2.8%,</li>
<li>Linde plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>), down 2.9%, </li>
<li>Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), up 2.9%, </li>
<li>Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), down over 11%, </li>
<li>Eaton Corp. plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), down 5%, </li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), up 6%, </li>
<li>Bristo-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), up 3.3%, </li>
<li>Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>), up 2.2%, </li>
<li>Altria Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>), up 7.6%, </li>
<li>Regeneron Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>), down 9%, </li>
<li>The Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>), up 3%, </li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), up over 9%. </li>
<li>Cheniere Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>), up over 5%. </li>
</ul>
Large-cap companies slated to report their earnings after the close include Apple Inc, Amazon.com Inc, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Atlassian Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) and Coterra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>).
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41658754/microsoft-in-major-growth-mode-not-slowing-down-4-analysts-see-strong-azure-demand-">Microsoft &#8216;In Major Growth Mode,&#8217; Not Slowing Down: 4 Analysts See Strong Azure Demand, AI Monetization Efforts</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Equities

Large Cap

Macro Economic Events

Mid Cap

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

Federal Reserve

Tech

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$BTC

AAPL

AMGN

AMZN

BKNG

CMCSA

COIN

CTRA

CVNA

SPDR Dow Jones Industrial Average ETF Trust

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Stocks Tumble, Nasdaq 100 Selloffs As Tech Giants Disappoint, Crypto Companies Plummet: What's Driving Markets Thursday?

Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) reported third-quarter financial results before the market open on Thursday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/10/b41647900/eaton-reports-record-third-quarter-2024-results-with-accelerating-orders-and-continued-backlog-gro">key metrics from the quarter</a>.
<ul>
<li>Q3 Revenue: $6.35 billion, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $6.37 billion</li>
</ul>
<ul>
<li>Q3 EPS: $2.84, versus estimates of $2.80</li>
</ul>
Eaton reported 8% organic revenue growth in the quarter. The company highlighted strong backlog growth of 25% in Electrical and 14% in Aerospace.
Operating cash flow was $1.3 billion and free cash flow was $1.1 billion in the quarter, up 15% and 23%, respectively, compared to the prior year&#8217;s quarter.
&#8220;Our business and teams performed well in the quarter. We executed effectively, resulting in order acceleration and further backlog growth in an environment of continuing strong demand,&#8221; said Craig Arnold, chairman and CEO of Eaton.
&#8220;As a result, we&#8217;re confident in our ability to close the year strong with raised earnings&nbsp;guidance&nbsp;and expect this positive momentum to continue into 2025.&#8221;
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/24/10/41654520/roblox-q3-earnings-bookings-jump-34-user-base-hits-89-million-raises-annual-outlook">Roblox Q3 Earnings: Bookings Jump 34%, User Base Hits 89 Million, Raises Annual Outlook</a>
Guidance: Eaton expects fourth-quarter organic growth of 6% to 7%. The company anticipates adjusted earnings of $2.78 to $2.84 per share, versus estimates of $2.81 per share. 
Eaton also raised its full-year earnings outlook. The company expects full-year adjusted earnings to be in the range of $10.75 to $10.81 per share, up from a prior outlook of $10.65 to $10.75 per share. Analysts are looking for full-year earnings of $10.67 per share, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Management will hold a conference call to discuss these results with analysts and investors at 11 a.m. ET.
ETN Price Action: <a href="http://benzinga.com/quote/etn">Eaton shares </a>were down 5.92% at $322.26 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Earnings

Guidance

Movers

Eaton Q3 Earnings: Revenue Miss, EPS Beat, Raised Guidance On Continued 'Strong Demand'

WIIM

Eaton shares are trading lower after the company reported mixed Q3 financial results.

For the fourth quarter of 2024, the company anticipates:
<ul>
<li>Organic growth of 6-7%</li>
<li>Segment margins of 23.6-24.0%</li>
<li>Earnings per share between $2.42 and $2.48</li>
<li>Adjusted earnings per share between $2.78 and $2.84</li>
</ul>

Eaton For Q4 Expects Adjusted EPS Of $2.78-$2.84 Vs. $2.81 Est.; And Organic Growth Of 6%-7%

Guidance
For the full year 2024, the company is raising the following guidance:
<ul>
<li>Segment margins from 23.3-23.7% to 23.5-23.9%</li>
<li>Earnings per share to between $9.47 and $9.53, up 18% at the midpoint over the prior year</li>
<li>Adjusted earnings per share to between $10.75 and $10.81, up 18% at the midpoint over the prior year</li>
</ul>

Eaton Raises 2024 Guidance: Now Expects Adj. EPS Of $10.75-$10.81 (Prior $10.65-$10.75) Vs $10.67 Est.

Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) reported quarterly earnings of $2.84 per share which beat the analyst consensus estimate of $2.80 by 1.43 percent. This is a 14.98 percent increase over earnings of $2.47 per share from the same period last year. The company reported quarterly sales of $6.345 billion which missed the analyst consensus estimate of $6.374 billion by 0.45 percent. This is a 7.91 percent increase over sales of $5.880 billion the same period last year.

Earnings Beats

Earnings Misses

Eaton Corp Q3 2024 Adj. EPS $2.84 Beats $2.80 Estimate, Sales $6.345B Miss $6.374B Estimate

Whales with a lot of money to spend have taken a noticeably bullish stance on Eaton Corp.
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.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $459,593 and 5, calls, for a total amount of $255,971.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $310.0 to $350.0 for Eaton Corp over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
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 $310.0 to $350.0 in the last 30 days. 
<h3>Eaton Corp Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730308530_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$6.1</td>
<td>$5.6</td>
<td>$5.83</td>
<td>$310.00</td>
<td>$277.5K</td>
<td style="text-align: right;">604</td>
<td style="text-align: right;">476</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$320.00</td>
<td>$150.0K</td>
<td style="text-align: right;">282</td>
<td style="text-align: right;">622</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$14.5</td>
<td>$14.3</td>
<td>$14.53</td>
<td>$350.00</td>
<td>$83.1K</td>
<td style="text-align: right;">76</td>
<td style="text-align: right;">598</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$14.8</td>
<td>$14.1</td>
<td>$14.51</td>
<td>$350.00</td>
<td>$60.7K</td>
<td style="text-align: right;">76</td>
<td style="text-align: right;">183</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$14.8</td>
<td>$13.6</td>
<td>$14.39</td>
<td>$350.00</td>
<td>$41.6K</td>
<td style="text-align: right;">76</td>
<td style="text-align: right;">136</td>
</tr>
</tbody>
</table>

<h3>About Eaton Corp</h3>
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.
In light of the recent options history for Eaton Corp, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Eaton Corp</h3>
<ul>
<li>With a trading volume of 712,398, the price of ETN is down by -0.28%, reaching $344.6.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 1 days from now.</li>
</ul>
<h3>Expert Opinions on Eaton Corp</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $344.6666666666667.
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&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on Eaton Corp, which currently sits at a price target of $327. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Eaton Corp with a target price of $342. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Eaton Corp, targeting a price of $365. 
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.

Options

Markets

Unpacking the Latest Options Trading Trends in Eaton Corp

Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) will release its quarterly earnings report on Thursday, 2024-10-31. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Eaton Corp to report an earnings per share (EPS) of $2.80.
Investors in Eaton Corp are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.12, which was followed by a 6.23% drop in the share price the next day.
Here's a look at Eaton Corp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.61</td>
<td>2.29</td>
<td>2.47</td>
<td>2.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.73</td>
<td>2.40</td>
<td>2.55</td>
<td>2.47</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730296983_0.png" alt="eps graph" />
<h3>Analyst Insights on Eaton Corp</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Eaton Corp.
Analysts have given Eaton Corp a total of 10 ratings, with the consensus rating being Outperform. The average one-year price target is $345.5, indicating a potential 0.01% downside.
<h3>Comparing Ratings with Competitors</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Emerson Electric, Vertiv Hldgs and AMETEK, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>For Emerson Electric, analysts project an Neutral trajectory, with an average 1-year price target of $119.11, indicating a potential 65.53% downside.</li>
<li>For Vertiv Hldgs, analysts project an Outperform trajectory, with an average 1-year price target of $120.92, indicating a potential 65.01% downside.</li>
<li>As per analysts' assessments, AMETEK is favoring an Buy trajectory, with an average 1-year price target of $191.5, suggesting a potential 44.58% downside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
In the peer analysis summary, key metrics for Emerson Electric, Vertiv Hldgs and AMETEK are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Eaton Corp</td>
<td>Outperform</td>
<td>8.25%</td>
<td>$2.41B</td>
<td>5.16%</td>
</tr>
<tr>
<td>Emerson Electric</td>
<td>Neutral</td>
<td>11.00%</td>
<td>$2.31B</td>
<td>1.58%</td>
</tr>
<tr>
<td>Vertiv Hldgs</td>
<td>Outperform</td>
<td>6.18%</td>
<td>$741.20M</td>
<td>10.54%</td>
</tr>
<tr>
<td>AMETEK</td>
<td>Buy</td>
<td>5.39%</td>
<td>$624.41M</td>
<td>3.71%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Eaton Corp ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>All You Need to Know About Eaton Corp</h3>
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.
<h3>Key Indicators: Eaton Corp's Financial Health</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Eaton Corp's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 8.25%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Eaton Corp's net margin excels beyond industry benchmarks, reaching 15.64%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Eaton Corp's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.16% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Eaton Corp's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.55% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.55.
<a href="https://www.benzinga.com/quote/ETN/earnings">To track all earnings releases for Eaton Corp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Eaton Corp's Future Earnings

Eaton Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) short percent of float has risen 3.16% since its last report. The company recently reported that it has 3.90 million shares sold short, which is 0.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.27 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
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.
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.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Eaton Corp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730217621_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Eaton Corp has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Eaton Corp's Short Interest Against Its Peers</h3>
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.
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 11.60%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Eaton Corp's Recent Short Interest

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/10/23/final-trades-eaton-transdigm-and-goldman-sachs.html">Halftime Report Final Trades</a>,&#8221; Brenda Vingiello of Sand Hill Global Advisors named Eaton Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) <a href="https://www.benzinga.com/quote/ETN/earnings">as her final trade</a>.
Eaton will announce third-quarter earnings on Thursday, Oct. 31, before the opening of the New York Stock Exchange. 
Analysts expect the company to report quarterly earnings at $2.80 per share, up from $2.47 per share in the year-ago period. Eaton projects to report revenue of $6.37 billion for the recent quarter, compared to $5.89 billion a year earlier, according to data from Benzinga Pro.
Stephen L. Weiss of Short Hills Capital Partners said TransDigm Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>) is just a &#8220;great&#8221; company.
On Oct. 14, JPMorgan analyst Seth Seifman maintained TransDigm with a Neutral rating and raised the price target from $1435 to $1555.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joe Terranova of Virtus Investment Partners picked The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>).
The Consumer Financial Protection Bureau (CFPB), a government watchdog agency, issued a $89 million fine against Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Goldman Sachs due to "service breakdowns and misrepresentations" that impacted Apple Card users. The agency claims these missteps affected hundreds of thousands of<a href="https://www.benzinga.com/government/24/10/41501333/apple-goldman-sachs-fined-89-million-over-apple-card-missteps-government-watchdog-orders-victim-comp"> Apple Card holders</a>.
Price Action:
<ul>
<li>Eaton rose 0.4% to close at $344.96 during Wednesday's session.</li>
<li>TransDigm shares gained 0.5% to settle at $1,357.59.</li>
<li>Goldman Sachs fell 0.2% to close at $517.20 during Wednesday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41488681/wall-streets-most-accurate-analysts-give-their-take-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>
Image: Shutterstock

Media

Eaton, TransDigm And A Big Bank On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Eaton Corp, Transdigm Group, The Goldman Sachs Group

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 5.44% on an annualized basis producing an average annual return of 17.38%. Currently, Eaton Corp has a market capitalization of $135.19 billion. 
Buying $1000 In ETN: If an investor had bought $1000 of ETN stock 15 years ago, it would be worth $11,389.04 today based on a price of $339.60 for ETN at the time of writing.
<h3>Eaton Corp's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729701015_0.png" alt="comp_fig" />
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Eaton Corp 15 Years Ago Would Be Worth This Much Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$43.7K</td>
<td>14.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>HON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$220.00</td>
<td>$197.6K</td>
<td>43</td>
<td>899</td>
</tr>
<tr>
<td>PAYX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$135.00</td>
<td>$35.4K</td>
<td>1.3K</td>
<td>787</td>
</tr>
<tr>
<td>KTOS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$30.00</td>
<td>$28.0K</td>
<td>535</td>
<td>257</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$127.00</td>
<td>$34.5K</td>
<td>64</td>
<td>220</td>
</tr>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$25.4K</td>
<td>10.6K</td>
<td>105</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$350.00</td>
<td>$29.4K</td>
<td>52</td>
<td>104</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$26.7K</td>
<td>127</td>
<td>31</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$230.00</td>
<td>$28.9K</td>
<td>287</td>
<td>7</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding ENVX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), we observe a call option sweep with bearish sentiment. It expires in 92 day(s) on January 17, 2025. Parties traded 218 contract(s) at a $12.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $43.7K, with a price of $200.0 per contract. There were 14676 open contracts at this strike prior to today, and today 1159 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on October 25, 2024. This event was a transfer of 449 contract(s) at a $220.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $197.6K, with a price of $440.0 per contract. There were 43 open contracts at this strike prior to today, and today 899 contract(s) were bought and sold. 
• For PAYX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 52 contract(s) at a $135.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.4K, with a price of $675.0 per contract. There were 1357 open contracts at this strike prior to today, and today 787 contract(s) were bought and sold. 
• Regarding KTOS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), we observe a call option trade with bullish sentiment. It expires in 127 day(s) on February 21, 2025. Parties traded 255 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $110.0 per contract. There were 535 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold. 
• For RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), we notice a call option trade that happens to be neutral, expiring in 15 day(s) on November 1, 2024. This event was a transfer of 140 contract(s) at a $127.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $247.0 per contract. There were 64 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• For JBLU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), we notice a call option trade that happens to be bearish, expiring in 92 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $255.0 per contract. There were 10662 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold. 
• Regarding ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 84 contract(s) at a $350.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $350.0 per contract. There were 52 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option sweep with neutral sentiment. It expires in 246 day(s) on June 20, 2025. Parties traded 7 contract(s) at a $130.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $3825.0 per contract. There were 127 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a call option trade that happens to be neutral, expiring in 29 day(s) on November 15, 2024. This event was a transfer of 6 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $4820.0 per contract. There were 287 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ENVX

JBLU

KTOS

PAYX

9 Industrials Stocks Whale Activity In Today's Session

Mizuho analyst Brett Linzey maintains Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Outperform and raises the price target from $355 to $365.

Mizuho Maintains Outperform on Eaton Corp, Raises Price Target to $365

Investors with a lot of money to spend have taken a bullish stance on Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
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.
Today, Benzinga's options scanner spotted 9 options trades for Eaton Corp.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $214,800, and 8, calls, for a total amount of $562,310.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $270.0 to $500.0 for Eaton Corp during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Eaton Corp's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Eaton Corp's substantial trades, within a strike price spectrum from $270.0 to $500.0 over the preceding 30 days.
<h3>Eaton Corp Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728931538_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$7.1</td>
<td>$6.9</td>
<td>$7.16</td>
<td>$330.00</td>
<td>$214.8K</td>
<td style="text-align: right;">257</td>
<td>331</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.7</td>
<td>$1.35</td>
<td>$1.7</td>
<td>$500.00</td>
<td>$170.0K</td>
<td style="text-align: right;">40</td>
<td>1.0K</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$37.0</td>
<td>$34.5</td>
<td>$35.0</td>
<td>$310.00</td>
<td>$136.5K</td>
<td style="text-align: right;">882</td>
<td>51</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$13.8</td>
<td>$12.1</td>
<td>$13.0</td>
<td>$360.00</td>
<td>$78.0K</td>
<td style="text-align: right;">989</td>
<td>2</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$46.5</td>
<td>$44.5</td>
<td>$45.9</td>
<td>$350.00</td>
<td>$45.9K</td>
<td style="text-align: right;">124</td>
<td>10</td>
</tr>
</tbody>
</table>

<h3>About Eaton Corp</h3>
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.
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
<h3>Eaton Corp's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 475,224, the ETN's price is up by 0.99%, now at $344.77. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 15 days.</li>
</ul>
<h3>What Analysts Are Saying About Eaton Corp</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $339.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Eaton Corp with a target price of $327. 
&#x2A; In a cautious move, an analyst from Citigroup downgraded its rating to Buy, setting a price target of $348. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Eaton Corp, targeting a price of $342. 
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.

Smart Money Is Betting Big In ETN Options

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 5.83% on an annualized basis producing an average annual return of 17.47%. Currently, Eaton Corp has a market capitalization of $132.91 billion. 
Buying $100 In ETN: If an investor had bought $100 of ETN stock 15 years ago, it would be worth $1,161.47 today based on a price of $333.87 for ETN at the time of writing.
<h3>Eaton Corp's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728397819_0.png" alt="comp_fig" />
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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