Eaton Corporation plc (ETN) Insider Trading: What Insights Can Be Gained?

At the last check on Friday, Eaton Corporation plc’s (NYSE: ETN) stock was up $1.23, moving up 0.87 percent to $142.98. The average number of shares traded per day over the past five days has been 2,251,244 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.57 fall in that time frame. In the last twenty days, the average volume was 2,289,306, while in the previous 50 days, it was 1,979,962.


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Since last month, ETN stock rose 0.66%. Shares of the company fell to $138.69 on 05/12/22, the lowest level in the past month. A 52-week high of $175.72 was reached on 01/03/22 after having rallied from a 52-week low of $138.69. Since the beginning of this year, ETN’s stock price has dropped by -17.98% or -$30.11 and marked a new high 1 time. However, the stock has declined by -18.63% since its 52-week high.

Eaton Corporation plc (ETN) last reported insider trading activity 66 days ago on Mar 08. Faria Joao V, disposed of 11,852 shares for $150.00 on Mar 08. It resulted in a $1,777,800 divestment by the insider. Pianalto Sandra added 243 shares at an average price of $151.58 on Feb 08. The insider now owns 800 shares following the transaction. On Dec 10, Faria Joao V sold 2,662 shares at $170.12 apiece. The transaction was valued at $452,873.

Valuation Metrics

Right now, Eaton Corporation plc (ETN) has a P/E ratio of about 25.68. The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 2.88, the price-to-book (PB) ratio of 3.40, and the price-to-cash-flow ratio of 401.24 may also be considered.

The latest dividend of $0.81 per share was paid out and remained unchanged from last year’s $0.81. On Wednesday, February 23, 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended March 30, Eaton Corporation plc’s quick ratio stood at 0.60, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.41, and the total debt-to-equity ratio was 0.58. On the profitability front, the trailing twelve-month gross margin is 32.40% percent. In the year ended March 30, operating margins totaled 15.70%. Based on annual data, ETN earned $6.33 billion in gross profit and brought in $19.63 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.20%. Return on equity (ROE) for the past 12 months was 13.80%.

In Eaton Corporation plc’s quarter-end financial report for March 30, it reported total debt of $6.76 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Eaton Corporation plc to report $1.6 quarterly earnings, the actual figure was $1.62 per share, beating the consensus estimate by 1.30%. During the quarter, the company generated $863.0 million in EBITDA. The liabilities of Eaton Corporation plc were 18.55 billion at the end of its most recent quarter ended March 30, and its total debt was $9.11 billion. The value of shareholders’ equity is $399.0 million.

Technical Picture

This quick technical analysis looks at Eaton Corporation plc’s (ETN) price momentum. With a historical volatility rate of 29.10%, the RSI 9-day stood at 42.20% on 12 May.

With respect to its five-day moving average, the current Eaton Corporation plc price is down by -3.11% percent or -$4.57. At present, ETN shares trade +2.00% above its 20-day simple moving average and -13.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.91% below its SMA50 and -9.51% below its SMA200.

Stochastic coefficient K was 21.08% and Stochastic coefficient D was 17.32%, while ATR was 4.35. Given the Stochastic reading of 32.80% for the 14-day period, the RSI (14) reading has been calculated as 43.51%. As of today, the MACD Oscillator reading stands at -3.40, while the 14-day reading stands at -3.62.

Analyst Ratings

Wolfe Research reiterated its Outperform rating on Eaton Corporation plc (NYSE: ETN) in a note to investors. The analysts firm has however raised their price target to $194, representing a possible 27.05% increase in the stock price. Eaton Corporation plc (ETN) has been rated Overweight by analysts. According to 0 brokerage firms, ETN is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Eaton Corporation plc stock as a buy, with 16 recommending it as overweight.

With a median target price of $174.50, the current consensus forecast for the stock is $145.00 – $205.00. Based on these forecasts, analysts predict Eaton Corporation plc (ETN) will achieve an average price target of $173.95.

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