Eaton Corporation plc (NYSE:ETN) saw a downside of -0.65% to close Monday at $152.56 after subtracting -$1.0 on the day. The 5-day average trading volume is 1,389,460 shares of the company’s common stock. It has gained $154.76 in the past week. An average of 1,768,350 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,592,852.
ETN’s 1-month performance is -4.88% or -$7.83 on its low of $147.35 reached on 10/04/21. The company’s shares have touched a 52-week low of $101.52 and high of $171.32, with the stock’s rally to the 52-week high happening on 08/25/21. YTD, ETN has achieved 26.99% or $32.42. However, the current price is down -10.95%% from the 52-week high price.
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On Aug 20, 53 days have gone by since the last insider trading activity for Eaton Corporation plc (ETN). Hopgood Daniel Roy (See remarks below) most recently sold 1,000 shares at $166.97 per share on Aug 20. This transaction cost the insider $166,970. See Remarks below., CHERUVATATH NANDAKUMAR, sold 7,529 shares at a price of $168.00 on Aug 19. Then, on Aug 12, See Remarks below. Yadav Uday sold 1,624 shares at a price of $167.17 per share. This transaction amounted to $271,484.
The company’s PE ratio for the last five years has touched a high of 41.72 and a low of 10.59. ETN stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.19 while the price-to-book (PB) in the most recent quarter is 3.95, with the price to cash flow ratio at 55.66.
Eaton Corporation plc pays an annual dividend of $3.04 per share. Its dividend yield is 1.99% and the payout ratio is 63.10%. ETN’s most recent quarterly dividend payment was made on Aug. 27, when it paid $0.76 a share compared with prior rate of $0.76, down 0.0% from last year’s. The company has boosted its dividend for the last 10 consecutive years with the latest dividend increase of $0.03 reported on Wednesday February 24 2021. Measured over the last 3 years, the Dividend has been growing by 21.67% yearly.
It is projected that Eaton Corporation plc’s next ex-dividend date will be on 8-Nov. ETN is expected to distribute $0.76 as its next dividend.
Eaton Corporation plc’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.10 meaning that ETN stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.57, while the total debt to equity was 0.79. In terms of profitability, the gross margin trailing 12 months is 32.20%. The trailing 12-month EBITDA margin is 17.54% while for the period ending June 29; Eaton Corporation plc’s operating margin was 12.50%. The firm’s gross profit as reported stood at $5.45 billion against revenue of $17.86 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ETN to announce $1.57 per share in earnings in its latest quarter, but it posted $1.72, representing a 9.60% surprise. EBITDA for the quarter stood at more than $869.0 million. ETN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 21.35 billion, with total debt at $12.54 billion. Shareholders hold equity totaling $398.6 million
Let’s look briefly at Eaton Corporation plc (ETN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 43.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.89%.
The stock’s 5-day moving average is $152.60, reflecting a +2.83% or $4.20 change from its current price. ETN is currently trading -3.61% above its 20-day SMA, +6.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.47% and +30.37% respectively.
Stochastic %K and %D was 53.97% and 49.30% and the average true range (ATR) pointed at 2.96. The RSI (14) points at 41.77%, while the 14-day stochastic is at 46.89% with the period’s ATR at 2.96. The stock’s 9-day MACD Oscillator is pointing at 1.70 and 0.18 on the 14-day charts.
In the most recent analyst report for Eaton Corporation plc (NYSE: ETN), Wells Fargo launched coverage with an Equal weight rating. Analysts offering their rating for ETN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ETN as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 15 have offered a “buy” rating.
What is ETN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $152.00 and a high of $197.00, with their median price target at $180.50. Looking at these predictions, the average price target given by analysts is for Eaton Corporation plc (ETN) stock is $177.45.