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Valued at a market cap of $128.8 billion, Eaton Corporation plc (ETN) is a power management company and a global technology leader in electrical components and systems. The Dublin, Ireland-based company’s current reportable segments are Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility.
ETN shares have struggled to keep up with the broader market over the past 52 weeks. ETN has declined 3.3% over this time frame, while the broader S&P 500 Index ($SPX) has soared 11.5%. Moreover, the stock is down 1.5% on a YTD basis, compared to SPX’s marginal rise during the same time frame.