Analysts Issue Research Notes On Eaton Corporation plc (ETN)


Eaton Corporation plc (NYSE:ETN) finished Friday with a subtraction of -$0.4 to close at $156.95, a downside of -0.25 percent. An average of 934,320 shares of common stock have been traded in the last five days. There was a gain of $0.84 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,470,520 shares traded, while the 50-day average volume stands at 1,815,414.

ETN stock has decreased by -3.98% in the last month. The company shares reached their 1-month lowest point of $151.59 on 12/16/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $122.50 and a high of $173.68 in 52 weeks. It has reached a new high 1 time so far this year and lost -9.18% or -$15.87 in price. In spite of this, the price is down -9.63% from the 52-week high.

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Insider Transactions

ETN stock investors should be aware that Eaton Corporation plc (ETN) stock had its last reported insider trading activity 23 days ago on Dec 08. In this transaction, the insider spent $841,855. below., BRICKHOUSE BRIAN S, disposed of 27,438 shares at a price of $155.76 on Nov 04. The insider now owns more than $4,273,659 worth of shares. Prior to that, below. Okray Thomas B went on to Sale 6,736 shares at $156.25 each on Nov 03. An amount of $1,052,466 was transacted.

Valuation Metrics

Eaton Corporation plc (ETN) has a trailing price-to-earnings (P/E) ratio of 27.47. The stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.08, the price-to-book (PB) ratio at 3.89, and the price-to-cash flow ratio at 201.11.

The company has a payout ratio of 55.50%. The company’s most recent quarterly dividend payment was $0.81 a share, without any change from last year. Its latest increase dividend $0.05 reported on Wednesday February 23 2022.

Financial Health

The quick ratio of Eaton Corporation plc for the three months ended June 29 was 0.80, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.56 for the quarter ending June 29. Its gross profit as reported stood at $6.33 billion compared to revenue of $19.63 billion.

Earnings Surprise

For the three-month period that ended June 29, Eaton Corporation plc had $8.08 billion in total debt. The analyst consensus anticipated Eaton Corporation plc’s latest quarter earnings to come in at $1.82 per share, but it turned out to be $1.87, a 2.70% surprise. For the quarter, EBITDA amounted to $1.03 billion. Shareholders own equity worth $397.7 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Eaton Corporation plc (ETN) price momentum. RSI 9-day as of the close on 30 December was 47.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.54%.

As of today, ETN’s price is $156.84 +0.54% or $0.84 from its 5-day moving average. ETN is currently trading -3.92% lower than its 20-day SMA and +7.20% higher than its 100-day SMA. However, the stock’s current price level is +12.91% above the SMA50 and +2.35% above the SMA200.

The stochastic %K and %D were 37.07% and 37.26%, respectively, and the average true range (ATR) was 2.86. With the 14-day stochastic at 39.01% and the average true range at 3.05, the RSI (14) stands at 48.25%. The stock has reached 0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.78.

Analyst Ratings

Oppenheimer downgraded Eaton Corporation plc (NYSE: ETN) to a a Perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Eaton Corporation plc (ETN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ETN, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 14 others rate it as a “buy”.


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