Eaton Corporation plc (NYSE: ETN) is 2.49% higher on its value in year-to-date trading and has touched a low of $236.04 and a high of $379.99 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 $340.88 in the last trading session, with the day’s loss setting it -0.74%.
Currently trading at $340.14, the stock is -0.25% and -3.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.95 million and changing -0.22% at the moment leaves the stock 4.01% off its SMA200. ETN registered 39.73% gain for a year compared to 6-month gain of 4.01%. The firm has a 50-day simple moving average (SMA 50) of $354.3258 and a 200-day simple moving average (SMA200) of $326.8888.
The stock witnessed a -6.02% loss in the last 1 month and extending the period to 3 months gives it a -0.37%, and is -2.42% 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 2.33% over the week and 2.03% over the month.
Eaton Corporation plc (ETN) has around 94000 employees, a market worth around $134.42B and $24.61B in sales. Current P/E ratio is 36.17 and Fwd P/E is 28.31. Profit margin for the company is 15.32%. Distance from 52-week low is 44.10% and -10.49% from its 52-week high. The company has generated returns on investments over the last 12 months (13.24%).
with sales reaching $6.35B over the same period.The EPS is expected to grow by 18.27% this year, but quarterly earnings will post 7.86% year-over-year. Quarterly sales are estimated to grow 6.34% in year-over-year returns.
Eaton Corporation plc (ETN) Top Institutional Holders
2706.0 institutions hold shares in Eaton Corporation plc (ETN), with institutional investors hold 85.14% of the company’s shares. The shares outstanding are 395.20M, and float is at 394.39M with Short Float at 1.29%. Institutions hold 84.99% 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 5.5139% 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 sale by PAGE GREGORY R, the company’s Director. SEC filings show that PAGE GREGORY R sold 10,000 shares of the company’s common stock on Dec 13 ’24 at a price of $355.98 per share for a total of $3.56 million. Following the sale, the insider now owns 43203.0 shares.
Still, SEC filings show that on Dec 09 ’24, Monesmith Heath B. ( below.) disposed off 8,070 shares at an average price of $359.93 for $2.9 million. The insider now directly holds 63,880 shares of Eaton Corporation plc (ETN).
