Eaton Corporation plc (NYSE: ETN) is 16.42% higher 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 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 $362.89 in the last trading session, with the day’s gains setting it 17.83%.
Currently trading at $380.72, the stock is 7.58% and 13.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.69 million and changing 4.91% at the moment leaves the stock 16.73% off its SMA200. ETN registered 14.72% gain for a year compared to 6-month loss of 11.93%. The firm has a 50-day simple moving average (SMA 50) of $331.5216 and a 200-day simple moving average (SMA200) of $325.5795.
The stock witnessed a 12.64% gain in the last 1 month and extending the period to 3 months gives it a 37.38%, and is 6.45% 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 1.94% over the week and 2.14% over the month.
Eaton Corporation plc (ETN) has around 94000 employees, a market worth around $148.98B and $25.31B in sales. Current P/E ratio is 38.43 and Fwd P/E is 28.01. Profit margin for the company is 15.55%. Distance from 52-week low is 64.21% and 0.19% 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 11.38% this year
2823.0 institutions hold shares in Eaton Corporation plc (ETN), with institutional investors hold 86.36% of the company’s shares. The shares outstanding are 391.30M, and float is at 390.41M with Short Float at 1.96%. 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 9.2481 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.
