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Valued at a market cap of $122.5 billion, Eaton Corporation plc (ETN) is a power management company and a global technology leader in electrical components and systems. The Dublin, Ireland-based company’s current reportable segments are Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility.
This power management company’s shares have lagged behind the broader market over the past 52 weeks. ETN has gained 13% over this time frame, while the broader S&P 500 Index ($SPX) has soared 23.5%. Moreover, the stock is down 7.3% on a YTD basis, compared to SPX’s 4% rise during the same time frame.