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Eaton Corporation plc (ETN) is a global leader in intelligent power-management solutions, serving a wide range of markets from electrical infrastructure and industrial systems to aerospace and vehicle components. The company is headquartered in Dublin, Ireland. Eaton’s market cap is around $143.5 billion.
Eaton’s shares have lagged behind the broader market. Over the past 52 weeks, ETN stock has surged marginally, while the broader S&P 500 Index ($SPX) has soared 14.5%. Moreover, the stock is up 11.3% on a YTD basis, compared to SPX’s 16.5% rise during the same time frame.