Eaton Corporation plc (NYSE: ETN) is 37.28% higher on its value in year-to-date trading and has touched a low of $191.82 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 $328.92 in the last trading session, with the day’s gains setting it 1.68%.
Currently trading at $330.60, the stock is 10.43% and 10.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.53 million and changing 0.51% at the moment leaves the stock 12.57% off its SMA200. ETN registered 54.02% gain for a year compared to 6-month loss of 4.78%.
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The stock witnessed a 10.31% gain in the last 1 month and extending the period to 3 months gives it a 3.29%, and is 8.11% up 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 2.31% over the week and 2.67% over the month.
Eaton Corporation plc (ETN) has around 94000 employees, a market worth around $131.61B and $24.14B in sales. Current P/E ratio is 36.36 and Fwd P/E is 27.49. Profit margin for the company is 15.12%. Distance from 52-week low is 72.35% and -4.23% from its 52-week high. The company has generated returns on investments over the last 12 months (12.84%).
with sales reaching $6.37B over the same period.The EPS is expected to grow by 17.54% this year, but quarterly earnings will post 8.30% year-over-year. Quarterly sales are estimated to grow 8.20% in year-over-year returns.
Eaton Corporation plc (ETN) Top Institutional Holders
2643.0 institutions hold shares in Eaton Corporation plc (ETN), with institutional investors hold 86.38% of the company’s shares. The shares outstanding are 399.40M, and float is at 397.14M with Short Float at 1.29%. Institutions hold 86.20% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 36.92 million shares valued at $11.58 billion. The investor’s holdings represent 9.232% of the ETN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 28.77 million shares valued at $9.02 billion to account for 7.1939 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 22.01 million shares representing 5.5042% and valued at over $6.9 billion, while FMR LLC holds 5.0193 of the shares totaling 20.07 million with a market value of $6.29 billion.
Eaton Corporation plc (ETN) Insider Activity
The most recent transaction is an insider purchase by Thompson Dorothy C, the company’s Director. SEC filings show that Thompson Dorothy C bought 2,205 shares of the company’s common stock on Sep 03 ’24 at a price of $300.30 per share for a total of $0.66 million. Following the purchase, the insider now owns 2205.0 shares.
Eaton Corporation plc disclosed in a document filed with the SEC on Sep 03 ’24 that Thompson Dorothy C (Director) sold a total of 2,205 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $300.14 per share for $0.66 million. Following the transaction, the insider now directly holds 798.0 shares of the ETN stock.
Still, SEC filings show that on Aug 29 ’24, Yelton Michael ( below) disposed off 3,136 shares at an average price of $303.12 for $0.95 million. The insider now directly holds 3,914 shares of Eaton Corporation plc (ETN).
