Eaton Corp PLC
ETN: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| m$z | LOCK|<<@ | LOCK|%kX%^m |
Eaton Earnings: Share Price Doesn’t Follow Solid Results as Shares Are Priced for Perfection
Eaton delivered a strong third quarter, but shares traded down around 5% early on Oct. 31. We’ve lowered our fair value estimate to $274 per share from $281 to reflect improved short-term margins combined with slightly muted long-term growth expectations.
