Eaton Corporation plc (NYSE: ETN) is -2.95% lower on its value in year-to-date trading and has touched a low of $231.85 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 $309.87 in the last trading session, with the day’s gains setting it 12.22%.
Currently trading at $322.09, the stock is 11.40% and 13.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.54 million and changing 3.94% at the moment leaves the stock 1.50% off its SMA200. ETN registered -2.52% loss for a year compared to 6-month loss of -10.33%.
The stock witnessed a 18.98% gain in the last 1 month and extending the period to 3 months gives it a 0.69%, and is 7.87% 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 1.84% over the week and 3.07% over the month.
Eaton Corporation plc (ETN) has around 94000 employees, a market worth around $126.03B and $25.31B in sales. Current P/E ratio is 32.51 and Fwd P/E is 23.80. Profit margin for the company is 15.55%. Distance from 52-week low is 38.92% and -15.24% from its 52-week high. The company has generated returns on investments over the last 12 months (14.70%).
The EPS is expected to grow by 11.13% this year.
Eaton Corporation plc (ETN) Top Institutional Holders
The shares outstanding are 391.30M, and float is at 390.35M with Short Float at 2.04%.
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 9.2481% 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 7.2065 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 5.0281 of the shares totaling 20.07 million with a market value of $6.29 billion.
Eaton Corporation plc (ETN) Insider Activity
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Eaton Corporation plc disclosed in a document filed with the SEC on May 08 ’25 that ARNOLD CRAIG ( below.) sold a total of 51,054 shares of the company’s common stock. The trade occurred on May 08 ’25 and was made at $305.43 per share for $15.59 million. Following the transaction, the insider now directly holds 0.49 million shares of the ETN stock.
Still, SEC filings show that on May 07 ’25, MARSHALL ERNEST W JR ( below.) disposed off 16,650 shares at an average price of $300.05 for $5.0 million. The insider now directly holds 36,021 shares of Eaton Corporation plc (ETN).
