에 대한 최신 뉴스 Eaton Corp (NYSE:ETN) 주식

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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News

Contracts

Eaton Says It Has Been Selected By MDA Space To Deliver High-performance Propellant Storage Tanks

Eaton Partners With Treehouse To Drive Mass Adoption Of EV Charging And Home Electrification In U.S., Establishing Eaton As Preferred Supplier For AI-Enabled Residential Installations

UBS analyst Amit Mehrotra assumes Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Buy rating and raises Price Target to $431.

Price Target

Initiation

Analyst Ratings

UBS Assumes Eaton Corp at Buy, Raises Price Target to $431

B of A Securities analyst Andrew Obin maintains Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Buy and raises the price target from $350 to $410.

B of A Securities Maintains Buy on Eaton Corp, Raises Price Target to $410

Evercore ISI Group analyst David Raso downgrades Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) from Outperform to In-Line and raises the price target from $333 to $389.

Downgrades

Evercore ISI Group Downgrades Eaton Corp to In-Line, Raises Price Target to $389

<ul>
<li>Eaton receives a $3.5M contract to design a new, platform agnostic refueling kit for existing and next-generation military aircraft</li>
</ul>
Intelligent power management company Eaton was awarded a $3.5M Air Force Research Lab (AFRL) contract to design a new podded refueling boom, enabling traditional and non-traditional tanker aircraft to perform safe in-flight refueling. Eaton received the contract from the AFRL Transformational Capabilities Office (TCO) after participation in the Air-to-Air Refueling Mechanism Digital Design Challenge by <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fafwerxchallenge.com%2F&amp;esheet=54150829&amp;newsitemid=20241112741930&amp;lan=en-US&amp;anchor=AFWERX&amp;index=1&amp;md5=3bee7cd3fff41f53be3acabec0d0676c">AFWERX</a>, the innovation arm of the U.S. Department of the Air Force.
Under the contract, Eaton will work closely with TCO, a unit that oversees planning and execution of innovative science and technology for AFRL, to develop the Small Hybrid Aerial Refueling Kit (SHARK). Eaton's platform agnostic SHARK design will provide critical aerial refueling capability to a wide range of current and next-generation aircraft, including autonomous systems.

Eaton Selected By The U.S. Air Force Research Laboratory For A $3.5M Contract To Design Innovative Aerial Refueling System

Donald Trump will return to the White House and will bring major changes to the country's tax, AI and energy policies. RBC Capital Markets analyst Deane Dray highlighted some of the companies that may benefit <a href="https://www.benzinga.com/government/24/11/41828468/trump-says-hed-replace-income-taxes-with-tariffs-the-potential-economic-fallout">from Trump's policies. </a>
Fossil Fuel/ Energy Independence: Trump's plans for energy independence would reverse many of the Biden administration's policies in order to reinvigorate the fossil fuel industry. He aims to expand the construction of pipelines, grids, ports and refineries and emphasizes utilizing domestic oil, gas and coal resources. Dray pointed to Flowserve Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) and Emerson Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) as potential beneficiaries of Trump's energy policies. 
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
Rollback of IRA/ Reduced Clean Energy Investments: Trump has said he plans<a href="https://www.benzinga.com/news/24/07/39854007/trump-says-he-will-end-the-electric-vehicle-mandate-on-day-one-days-after-tesla-ceo-elon-musks-endor"> to eliminate</a> many vehicle emissions standards under the Environmental Protection Agency as well as many EV incentives included in the Biden administration&#8217;s Inflation Reduction Act (IRA). 
The RBC analyst again pointed to oil and gas companies as the key companies that could benefit from these potential policy adjustments, but cautioned it is too early to tell what the impacts might be for nuclear power companies. 
More Flexible/Reduced AI Regulation: RBC expects a Trump administration to be in favor of Big Tech and AI developers as he has called for a review of "unnecessary and burdensome regulations" on AI. The firm also pointed out that multi-industry data center-exposed stocks outperformed the sector by 500 basis points the day after Trump won the election. 
Dray said multi-industry companies involved in data centers that could benefit from Trump's less restrictive AI policies include nVent Electric Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>) and Eaton Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>). 
Lower Corporate Tax Rate: Trump <a href="https://www.benzinga.com/government/24/10/41623850/trump-vs-harris-how-the-candidates-corporate-tax-proposals-stack-up">shared his plans</a> to lower the corporate tax rate to 15% for companies that make their products in the U.S. The RBC analyst sees lower corporate tax rates could lead to more reshoring from semiconductor and pharmaceutical companies and potentially more investment in the US. 
Dray pointed to Roper Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) specifically, but most publicly traded companies could benefit from lower tax rates. 
The Takeaway: "The bottom line is that early stock moves are playing out according to script, with the early stock outperformers being the electricals and oil and gas exposed names," Dray wrote. 
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a></li>
</ul>
Photo: Shutterstock

Government

Movers

General

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Shares of electrical equipment companies are trading higher after Donald Trump won the 2024 presidential election.

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: 
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<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>

Pre-Market Outlook

Markets

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.

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.
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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:
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<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.

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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

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

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

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Caterpillar cut to Sell equivalent at Evercore with earnings risk seen in 2025

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

Eaton (ETN) announced it has been selected by MDA Space to deliver high-performance propellant storage tanks for MDA Aurora, a product line driving...

Eaton propellant tanks selected by MDA Space for satellite technology

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Press Releases

Eaton's Katrina Redmond named among Women Impact Tech's 2025 Women of Impact for championing diversity and inclusion in technology

Eaton names A.D. Naik senior vice president, FP&A and finance transformation

Eaton Declares Quarterly Dividend Payable November 22, 2024

Andre Schulten Elected to Eaton's Board of Directors

Eaton to Help Modernize Infrastructure for Miami's Metromover

Eaton Reports Record Third Quarter 2024 Results, with Accelerating Orders and Continued Backlog Growth

Eaton names Omar Zaire president, Corporate and Electrical Sector, EMEA; Tim Darkes to retire

Eaton selected by the United States Air Force Research Laboratory to design innovative aerial refueling system

Eaton and Treehouse Form Strategic Collaboration to Accelerate Mass Adoption of EV Charging and Electrification in U.S. Homes

Eaton's high-performance propellant tanks selected by MDA Space for MDA AURORA™ satellite technology

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