Eaton (NYSE:ETN) resets as $13 billion loss hits targets
Eaton (NYSE:ETN) plunged 7.6% in five sessions—wiping out $13.2 billion in equity value and closing 7.8% below its June 22 high—on heavy volume, as investors weighed its premium valuation at 30 times 2026 EPS estimates and awaited the next earnings report amid strong data-center order growth and a major mobility unit spinoff.