Eaton Corporation plc (NYSE: ETN) is -15.86% lower on its value in year-to-date trading and has touched a low of $255.65 and a high of $379.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ETN stock was last observed hovering at around $278.46 in the last trading session, with the day’s gains setting it 0.76%.
Currently trading at $279.22, the stock is -7.95% and -14.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.81 million and changing 0.27% at the moment leaves the stock -14.54% off its SMA200. ETN registered -3.38% loss for a year compared to 6-month gain of -7.26%.
The stock witnessed a -14.47% loss in the last 1 month and extending the period to 3 months gives it a -24.94%, and is -2.90% 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 4.95% over the week and 3.24% over the month.
Eaton Corporation plc (ETN) has around 94000 employees, a market worth around $109.45B and $24.88B in sales. Current P/E ratio is 29.39 and Fwd P/E is 20.77. Profit margin for the company is 15.25%. Distance from 52-week low is 9.22% and -26.52% from its 52-week high. The company has generated returns on investments over the last 12 months (13.73%).
with sales reaching $6.25B over the same period.The EPS is expected to grow by 11.31% this year, but quarterly earnings will post 7.71% year-over-year. Quarterly sales are estimated to grow 5.22% in year-over-year returns.
Eaton Corporation plc (ETN) Top Institutional Holders
The shares outstanding are 392.90M, and float is at 391.15M with Short Float at 1.41%.
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
A total of 0 insider transactions have happened at Eaton Corporation plc (ETN) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Thompson Dorothy C,the company’sDirector. SEC filings show that Thompson Dorothy C sold 285 shares of the company’s common stock on Aug 13 ’24 at a price of $289.51 per share for a total of $82510.0. Following the sale, the insider now owns 516.0 shares.
Eaton Corporation plc disclosed in a document filed with the SEC on Dec 13 ’24 that PAGE GREGORY R (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 13 ’24 and was made at $355.98 per share for $3.56 million. Following the transaction, the insider now directly holds 43203.0 shares of the ETN stock.
Still, SEC filings show that on Dec 13 ’24, PAGE GREGORY R (Director) Proposed Sale 10,000 shares at an average price of $355.98 for $3.56 million. The insider now directly holds shares of Eaton Corporation plc (ETN).
Eaton Corporation plc (ETN): Who are the competitors?
The company’s main competitors (and peers) include GE Aerospace (GE) that is trading 56.26% up over the past 12 months. Suncor Energy Inc. (SU) that is 0.40% higher over the same period.
