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How to buy Eaton Corporation (ETN) stocks in Canada
Learn how to easily invest in Eaton Corporation stocks.
Eaton Corporation is a specialty industrial machinery business based in the US. Eaton Corporation stocks (ETN.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $171.42 – a decrease of 2.82% over the previous week. Eaton Corporation employs 85,000 staff and has a trailing 12-month revenue of around $19.5 billion.
How to buy shares in Eaton Corporation
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – ETN – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Is it a good time to buy Eaton Corporation stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in Eaton Corporation?
- Has coronavirus impacted Eaton Corporation shares?
- Eaton Corporation shares summary
- Compare share dealing platforms
- Is Eaton Corporation stock a buy or sell?
- Eaton Corporation performance over time
- Is Eaton Corporation suitable for ethical investing?
- Are Eaton Corporation shares over-valued?
- Eaton Corporation's financials
- How volatile are Eaton Corporation shares?
- Does Eaton Corporation pay a dividend?
- Have Eaton Corporation shares ever split?
- Other common questions
How has Coronavirus impacted Eaton Corporation's stock price?
Since the stock market crash in March caused by coronavirus, Eaton Corporation's stock price has had significant positive movement.
Its last market close was $166.63, which is 37.03% up on its pre-crash value of $104.93 and 195.36% up on the lowest point reached during the March crash when the stocks fell as low as $56.415.
If you had bought $1,000 worth of Eaton Corporation stocks at the start of February 2020, those stocks would have been worth $604.85 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,744.62.
Eaton Corporation stock price (NYSE:ETN)Use our graph to track the performance of ETN stocks over time.
Eaton Corporation shares at a glance
|Latest market close||$166.63|
|52-week range||$111.79 - $175.72|
|50-day moving average||$169.66|
|200-day moving average||$157.35|
|Wall St. target price||$184.76|
|Dividend yield||$3.01 (1.78%)|
|Earnings per share (TTM)||$5.15|
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Note: The dollar amounts in the table below are in Canadian dollars.
Eaton Corporation price performance over time
|1 week (2022-01-12)||-2.82%|
|1 month (2021-12-17)||0.95%|
|3 months (2021-10-19)||3.19%|
|6 months (2021-07-19)||11.69%|
|1 year (2021-01-19)||32.77%|
|2 years (2020-01-17)||74.15%|
|3 years (2019-01-18)||131.85%|
|5 years (2017-01-19)||146.02%|
Is Eaton Corporation under- or over-valued?
Valuing Eaton Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Eaton Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Eaton Corporation's P/E ratio
Eaton Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 33x. In other words, Eaton Corporation shares trade at around 33x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Eaton Corporation's PEG ratio
Eaton Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.7471. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Eaton Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Eaton Corporation's EBITDA
Eaton Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $3.3 billion.
The EBITDA is a measure of a Eaton Corporation's overall financial performance and is widely used to measure a its profitability.
Eaton Corporation financials
|Revenue TTM||$19.5 billion|
|Operating margin TTM||12.46%|
|Gross profit TTM||$5.5 billion|
|Return on assets TTM||4.67%|
|Return on equity TTM||13.57%|
|Market capitalisation||$68.1 billion|
TTM: trailing 12 months
Eaton Corporation's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Eaton Corporation.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Eaton Corporation's total ESG risk score
Total ESG risk: 23.6
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Eaton Corporation's overall score of 23.6 (as at 01/01/2019) is excellent – landing it in it in the 18th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Eaton Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Eaton Corporation's environmental score
Environmental score: 9.75/100
Eaton Corporation's environmental score of 9.75 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Eaton Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Eaton Corporation's social score
Social score: 12.32/100
Eaton Corporation's social score of 12.32 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Eaton Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Eaton Corporation's governance score
Governance score: 11.03/100
Eaton Corporation's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Eaton Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Eaton Corporation's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Eaton Corporation scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Eaton Corporation has, for the most part, managed to keep its nose clean.
Eaton Corporation share dividends
Dividend payout ratio: 49.11% of net profits
Recently Eaton Corporation has paid out, on average, around 49.11% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.78% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Eaton Corporation shareholders could enjoy a 1.78% return on their shares, in the form of dividend payments. In Eaton Corporation's case, that would currently equate to about $3.01 per share.
While Eaton Corporation's payout ratio might seem fairly standard, it's worth remembering that Eaton Corporation may be investing much of the rest of its net profits in future growth.
Eaton Corporation's most recent dividend payout was on 30 November 2021. The latest dividend was paid out to all shareholders who bought their shares by 10 November 2021 (the "ex-dividend date").
Have Eaton Corporation's shares ever split?
Eaton Corporation's shares were split on a 2:1 basis on 1 March 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Eaton Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Eaton Corporation shares which in turn could have impacted Eaton Corporation's share price.
Eaton Corporation share price volatility
Over the last 12 months, Eaton Corporation's shares have ranged in value from as little as $111.7925 up to $175.72. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Eaton Corporation's is 1.1936. This would suggest that Eaton Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Eaton Corporation overview
Eaton Corporation plc operates as a power management company. Its Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services in North and South America, as well as hazardous duty electrical, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems internationally. The company's Hydraulics segment provides pumps, motors, and hydraulic power units; valves, cylinders, and electronic controls; industrial and hydraulic hoses, fittings, assemblies, thermoplastic hose and tubing products, couplings, connectors, and assembly equipment; and industrial drums and disc brakes. Its Aerospace segment offers pumps, motors, hydraulic power units, hoses and fittings, and electro-hydraulic pumps; valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat systems, and nose wheel steering systems; thermoplastic tubing products, fittings, adapters, couplings, and sealing and ducting products; fuel pumps, sensors, valves, and adapters and regulators; and wiring connectors and cables, as well as hydraulic and bag filters, strainers and cartridges, and golf grips. The company's Vehicle segment offers transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, cylinder heads, locking and limited slip differentials, transmission controls, and fuel vapor components for the vehicle industry. Its eMobility segment provides voltage inverters, converters, fuses, onboard chargers, circuit protection units, vehicle controls, power distribution systems, fuel tank isolation valves, and commercial vehicle hybrid systems. The company was founded in 1916 and is based in Dublin, Ireland.
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