オプションチェーンは、Eaton Corpの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Eaton Corpの市場センチメントを評価します。.

Eaton Corp (NYSE:ETN) 株価情報, オプションチェーン

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.

ENERGY TRANSFER UNT

Eaton Corp PLC

Electroneum

89bio Inc

Entest Group Inc

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64f99e440313770001b5ef69/george-wang">Barclays analyst George Wang</a> initiated coverage on Celestica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) with an Overweight rating and announced a price target of $91. Celestica shares closed at $72.32 on Monday. <a href="https://www.benzinga.com/quote/CLS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Tessa Romero initiated coverage on Upstream Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPB#NASDAQ">UPB</a>) with an Overweight rating and announced a price target of $38. Upstream Bio shares closed at $25.15 on Monday. <a href="https://www.benzinga.com/quote/UPB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5901e8ea0bd9910001e193f8/margaret-kaczor">William Blair analyst Margaret Kaczor</a> initiated coverage on CeriBell, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBLL#NASDAQ">CBLL</a>) with an Outperform rating. CeriBell shares closed at $26.24 on Monday. <a href="https://www.benzinga.com/quote/CBLL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Julien Dumoulin-Smith initiated coverage on CMS Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>) with a Buy rating and announced a price target of $76. CMS Energy shares closed at $68.39 on Monday. <a href="https://www.benzinga.com/quote/CMS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein analyst Chad Dillard initiated coverage on Eaton Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with an Outperform rating and announced a price target of $382. Eaton shares closed at $331.13 on Monday. <a href="https://www.benzinga.com/quote/ETN/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ETN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="534" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05080021/image-28-1024x534.png" alt="" class="wp-image-630210" style="width:662px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05080021/image-28-1024x534.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05080021/image-28-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05080021/image-28-768x400.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05080021/image-28.png 1261w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41740698/top-3-health-care-stocks-youll-regret-missing-in-november">Top 3 Health Care Stocks You&#8217;ll Regret Missing In November</a></li>
</ul>

News

Initiation

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

CBLL

This Eaton Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

Bernstein analyst Chad Dillard initiates coverage on Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Outperform rating and announces Price Target of $382.

Price Target

Bernstein Initiates Coverage On Eaton Corp with Outperform Rating, Announces Price Target of $382

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.

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.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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

ETFs

$BTC

AAPL

AMGN

AMZN

BKNG

CMCSA

COIN

CTRA

CVNA

SPDR Dow Jones Industrial Average ETF Trust

EBAY

INTC

MSFT

MSTR

NCLH

REGN

SBUX

TEAM

UBER

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.
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; 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

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

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

Eaton's stock falls after Q3 revenue is less than expected

Eaton Corporation plc (ETN) Q3 2024 Earnings Call Transcript

Eaton Corporation ( ($ETN) ) has released its Q3 earnings. Here is a breakdown of the information Eaton Corporation presented to its investors. Eat...

Eaton Corporation Achieves Record Third Quarter Results

KeyBanc analyst Jeffrey Hammond maintained a Hold rating on Eaton (ETN – Research Report) today. The company's shares closed yesterday at $331.58. ...

KeyBanc Sticks to Their Hold Rating for Eaton (ETN)

In a report released today, Julian Mitchell from Barclays maintained a Hold rating on Eaton (ETN – Research Report), with a price target of $320.00...

Eaton (ETN) Receives a Rating Update from a Top Analyst

Barclays lowered the firm's price target on Eaton (ETN) to $320 from $327 and keeps an Equal Weight rating on the shares. The firm says supply/dema...

Eaton price target lowered to $320 from $327 at Barclays

In a report released yesterday, Stephen Volkmann from Jefferies maintained a Buy rating on Eaton (ETN – Research Report), with a price target of $4...

Jefferies Sticks to Their Buy Rating for Eaton (ETN)

The industrial sector is well-positioned for solid growth and expansion, propelled by technological advancements, the robotics revolution, and diversified demand. Thus, quality industrial automation stocks RTX Corporation (RTX), Siemens Aktiengesellschaft (SIEGY), and Eaton Corporation (ETN) could be ideal buys for the robot revolution. Read on... The industrial market, which encompasses various sub-segments like manufacturing, machinery, and more, is poised for continued expansion, with encouraging factors such as demand for automation, technological innovation, robot revolution, and growing investments in infrastructure.
Given the industry's tailwinds, it could be wise to invest in fundamentally sound industrial automation stocks RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>), Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>), and Eaton Corporation plc (<a href="https://stocknews.com/stock/ETN/">ETN</a>) for substantial returns.
The robotics revolution is leading industrial automation, influenced by groundbreaking innovations in AI, machine learning (ML), the Internet of Things (IoT), collaborative robots, and the significance of autonomous systems. Whether it is machinery, defense, or manufacturing, robotics is marking new milestones and advancing the operations of the fields.
With its expanding scope, the number of innovations in the robotics market is expected to increase further, which will result in an expansion of industrial operations. Robots are increasingly being utilized to improve productivity and minimize labor costs, especially in segments like machinery and manufacturing. The global robotics market is expected to grow to $134.64 billion by 2031 at a <a href="https://www.skyquestt.com/report/robotics-market#:~:text=Robotics%20Market%20Insights,period%20(2024%2D2031).">CAGR of 16.6%</a>.
Further, as technological advancements in the industrial machinery industry are rapidly increasing with IoT, AI, and robotics, supported by increasing demand for automation and modernization of production processes, the market is flourishing. The global industrial machinery market is projected to achieve a market size of $1.04 trillion by 2032, growing at a <a href="https://www.acumenresearchandconsulting.com/industrial-machinery-market">CAGR of 5.3%</a>.
Besides, the Aerospace and Defense market is expected to see strong growth in the coming year, poised to exhibit growth at a <a href="https://www.thebusinessresearchcompany.com/report/aerospace-defense-global-market-report#:~:text=Aerospace%20And%20Defense%20Market%20Size,(CAGR)%20of%2011.5%25.">CAGR of 5.8%</a>, resulting in a market value of $1.23 trillion by 2028, fueled by government support, automation, and advancements, and rising military modernization programs.
Given the industry's solid prospects, investing in fundamentally strong industrial automation stocks RTX, SIEGY, and ETN could be wise.
Let's discuss the fundamentals of these stocks in detail:
RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>)
RTX is an aerospace and defense company that provides systems and services for commercial, military, and government customers internationally. The company operates through three segments: Collins Aerospace; Pratt &amp; Whitney; and Raytheon.
On October 23, RTX's business, Raytheon, was awarded $676 million to continue manufacturing the tube-launched, optically-tracked, wireless-guided TOW&#xAE; weapon system for the U.S. Army. The two separate awards consist of an annual production contract for $430 million in fiscal year 2023 and an additional $246 million award in 2024.
On October 15, 2024, RTX's Raytheon attained full-rate production approval for its SM-3 Block IIA missile, marking a key milestone in its missile defense partnership with Japan.
During the third quarter that ended September 30, 2024, RTX's net sales increased 49.2% year-over-year to $20.09 billion. The company's adjusted <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> grew 11.3% from the year-ago value to $2.48 billion. Adjusted net income attributable to common shareowners and adjusted EPS rose 6.9% and 16% from the prior year's quarter to $1.95 billion and $1.45, respectively.
In addition, the company's total assets came in at $164.82 billion as of September 30, 2024, compared to $161.87 billion as of December 31, 2023.
Street expects RTX's revenue for the fourth quarter (ending December 2024) to increase 3.4% year-over-year to $20.60 billion. The company's EPS for the same quarter is expected to grow 6.6% year-over-year to $1.38. Moreover, the company topped the consensus EPS and revenue estimates in all four trailing quarters, which is impressive.
Shares of RTX have surged 17.3% over the past six months and 44.6% over the past year to close the last trading session at $118.75.
RTX's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
RTX has a B grade for Momentum, Sentiment, and Growth. It is ranked #10 out of 72 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have RTX ratings for Value, Quality, and Stability. Get all RTX ratings <a href="https://stocknews.com/stock/RTX/">here</a>.
Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>)
Headquartered in Munich, Germany, SIEGY is a technology company that emphasizes the areas of automation and digitalization worldwide. The company operates in Digital Industries; Smart Infrastructure; Mobility; Siemens Healthineers; and Siemens Financial Services (SFS) segments.
On October 30, SIEGY signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. The strategic acquisition will strengthen SIEGY's leadership in industrial software and AI and will create the world's most complete AI-powered design and simulation portfolio.
On October 24, SIEGY and Microsoft partnered to revolutionize industrial automation. Through strategic collaboration, the companies reinvented the Siemens Industrial Copilot, enabling it to handle the most demanding environments at scale.
They have combined SIEGY's unique domain know-how across industries with Microsoft Azure OpenAI Service, the Copilot further improves handling of rigorous requirements in manufacturing and automation.
For the third quarter that ended June 30, 2024, SIEGY's revenue grew 4.2% year-over-year to €18.90 billion ($20.48 billion). The company's gross profit rose 9% year-over-year to €7.75 billion ($8.39 billion). Its income from continuing operations came in at €2.16 billion ($2.34 billion), up 55.7% from the prior year's quarter.
In addition, the company's net income and EPS came in at €2.13 billion ($2.31 billion) and €2.48, up 48.1% and 56% from the year-ago value, respectively. Its EBITDA from continuing operations of €3.43 billion ($3.71 billion), indicating growth of 36.3% year-over-year.
Analysts expect SIEGY's revenue and EPS for the first quarter (ending December 2024) to increase 4.1% and 60.9% year-over-year to $20.65 billion and $2.61, respectively. Furthermore, the company has surpassed the consensus EPS estimates in each of the trailing four quarters.
SIEGY's stock has gained 4.8% over the past six months and 47.4% over the past year to close the last trading session at $98.05.
SIEGY's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Stability and Value. SIEGY is ranked #3 among 34 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry.
<a href="https://stocknews.com/stock/SIEGY/">Click here</a> to access other SIEGY's ratings for Growth, Quality, Sentiment, and Momentum.
Eaton Corporation plc (<a href="https://stocknews.com/stock/ETN/">ETN</a>)
Based in Dublin, Ireland, ETN operates as a power management company globally. The company operates in Electrical Americas and Electrical Global segment; Aerospace segment; Vehicle segment; and eMobility segment.
On October 23, ETN announced that it would be working with Miami-Dade Transportation &amp; Public Works to help it update the electrical system supporting its Metromover mass transit system, which carried more than 6.5 million riders in 2023. The project is part of Miami-Dade County's broader $153 million initiative to expand and upgrade the reliability of its automated train network.
On October 10, ETN collaborated with Lunar Energy to simplify the installation and maximize the functionality of home energy storage and solar systems. The integration of ETN's new AbleEdgeTM smart breakers with the Lunar System will make it easier for installers and homeowners to deploy solar and storage, manage loads, optimize costs, and extend the life of the solar battery system.
In the third quarter that ended September 30, 2024, ETN's total net sales increased 7.9% year-over-year to $6.34 billion, while its total segment operating profit rose 11.4% from the prior year's period to $1.54 billion. Furthermore, the company's adjusted earnings came in at $1.13 billion and $2.84 per share, reflecting increases of 13.9% and 15% year-over-year, respectively.
As per the company's updated guidance, the company expects adjusted EPS between $2.78 and $2.84 for the fourth quarter of 2024.
Also, ETN's adjusted EPS is expected to be between $10.75 and $10.81, up 18% at the midpoint over the previous year for the full year 2024.
Street expects ETN's revenue for the fourth quarter (ending December 2024) to increase 7.1% year-over-year to $6.39 billion. The company's EPS for the ongoing quarter is expected to grow 10.3% year-over-year to $2.81. In addition, the company has surpassed the consensus EPS estimates in all of the trailing four quarters.
Over the past six months, the stock has gained 7.4% and 55.9% over the past year to close the last trading session at $334.06.
ETN's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Quality and Sentiment. Within the A-rated <a href="https://stocknews.com/category/industrial-machinery/">Industrial - Machinery</a> industry, ETN is ranked #29 in the list of 79 stocks.
<a href="https://stocknews.com/stock/ETN/">Click here</a> to access additional ratings of ETN for Growth, Value, Momentum, and Stability.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
RTX shares were trading at $118.02 per share on Monday afternoon, down $0.73 (-0.61%). Year-to-date, RTX has gained 42.80%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/rtx-siegy-etn-3-industrial-automation-stocks-to-buy-for-the-robot-revolution/>3 Industrial Automation Stocks to Buy for the Robot Revolution</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Industrial Automation Stocks to Buy for the Robot Revolution

Bernstein analyst Chad Dillard initiated coverage of Eaton (ETN) with an Outperform rating and $382 price target as part of a broader research note...

Eaton initiated with an Outperform at Bernstein

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Comments

Eaton Corp

Eaton Corp (ETN) オプション

Eaton Corp (NYSE:ETN) 株価情報, オプションチェーン

ニュース

パートナーシップ

ベンジンガ・グローバル