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New Big Money Means Eaton Corporation plc (ETN) Investors Could Reap Benefit

Eaton Corporation plc (NYSE: ETN) is 30.16% higher on its value in year-to-date trading and has touched a low of $182.20 and a high of $345.19 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 $326.59 in the last trading session, with the day’s loss setting it -13.13%.

Currently trading at $313.46, the stock is -5.61% and -2.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.03 million and changing -4.02% at the moment leaves the stock 20.00% off its SMA200. ETN registered 70.90% gain for a year compared to 6-month gain of 38.95%.

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The stock witnessed a -4.27% loss in the last 1 month and extending the period to 3 months gives it a 4.09%, and is -6.21% 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 4.32% over the week and 2.47% over the month.

Eaton Corporation plc (ETN) has around 94000 employees, a market worth around $125.32B and $23.66B in sales. Current P/E ratio is 37.00 and Fwd P/E is 26.78. Profit margin for the company is 14.38%. Distance from 52-week low is 72.04% and -9.19% from its 52-week high. The company has generated returns on investments over the last 12 months (12.11%).

The EPS is expected to grow by 15.25% this year

The shares outstanding are 399.40M, and float is at 398.86M with Short Float at 0.98%.

Eaton Corporation plc (ETN) Insider Activity

The most recent transaction is an insider sale by Monesmith Heath B., below. SEC filings show that Monesmith Heath B. sold 16,180 shares of the company’s common stock on May 16 ’24 at a price of $334.64 per share for a total of $5.41 million. Following the sale, the insider now owns 70350.0 shares.

Eaton Corporation plc disclosed in a document filed with the SEC on May 08 ’24 that Denk Peter sold a total of 2,416 shares of the company’s common stock. The trade occurred on May 08 ’24 and was made at $331.84 per share for $0.8 million. Following the transaction, the insider now directly holds 5086.0 shares of the ETN stock.

Still, SEC filings show that on Mar 11 ’24, Monesmith Heath B. disposed off 13,027 shares at an average price of $291.40 for $3.8 million. The insider now directly holds 69,472 shares of Eaton Corporation plc (ETN).

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