Eaton Corporation plc (NYSE: ETN) is 29.91% higher on its value in year-to-date trading and has touched a low of $161.12 and a high of $331.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ETN stock was last observed hovering at around $308.09 in the last trading session, with the day’s gains setting it 4.75%.
Currently trading at $312.84, the stock is -0.69% and 4.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.78 million and changing 1.54% at the moment leaves the stock 28.70% off its SMA200. ETN registered 92.07% gain for a year compared to 6-month gain of 61.27%.
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The stock witnessed a -1.18% loss in the last 1 month and extending the period to 3 months gives it a 28.61%, and is -0.80% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.52% over the week and 2.21% over the month.
Eaton Corporation plc (ETN) has around 94000 employees, a market worth around $125.10B and $23.20B in sales. Current P/E ratio is 38.99 and Fwd P/E is 27.20. Profit margin for the company is 13.88%. Distance from 52-week low is 94.17% and -5.62% from its 52-week high. The company has generated returns on investments over the last 12 months (11.57%).
The EPS is expected to grow by 12.57% this year.
Eaton Corporation plc (ETN) Top Institutional Holders
The shares outstanding are 399.40M, and float is at 398.43M with Short Float at 0.91%.
Eaton Corporation plc (ETN) Insider Activity
The most recent transaction is an insider sale by Monesmith Heath B.,the company’s below. SEC filings show that Monesmith Heath B. sold 13,027 shares of the company’s common stock on Mar 11 ’24 at a price of $291.40 per share for a total of $3.8 million. Following the sale, the insider now owns 69472.0 shares.
Eaton Corporation plc disclosed in a document filed with the SEC on Mar 01 ’24 that Szmagala Taras G. Jr. ( below.) sold a total of 8,157 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $293.08 per share for $2.39 million. Following the transaction, the insider now directly holds 7866.0 shares of the ETN stock.
Still, SEC filings show that on Mar 01 ’24, Yelton Michael ( below) disposed off 2,615 shares at an average price of $293.67 for $0.77 million. The insider now directly holds 2,823 shares of Eaton Corporation plc (ETN).
