ETN Stock Trading at a Premium to its Industry: Time to Hold or Fold?

Eaton Corporation (ETN) shares are trading at a premium compared to the Zacks Manufacturing-Electronics industry. Its forward 12-month Price/Earnings of 22.57X is higher than the broader sector’s 18.39X and the Manufacturing-Electronics Industry’s 21.35X.Eaton’s near-term prospects look bright, given its VGM Score of B. Stocks with a high VGM Score have the most attractive value, best growth and most promising momentum compared with peers.Image Source: Zacks Investment ResearchEaton’s high-quality product o ...