The Insider Activity Of Eaton Corporation plc (ETN) Should Not Be Ignored

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At the last check on Thursday, Eaton Corporation plc’s (NYSE:ETN) stock was up $5.79, moving up 3.44 percent to $173.96. The average number of shares traded per day over the past five days has been 1,733,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.82 fall in that time frame. In the last twenty days, the average volume was 1,845,965, while in the previous 50 days, it was 2,027,096.

Since last month, ETN stock rose 7.44%. Shares of the company fell to $161.12 on 04/26/23, the lowest level in the past month. A 52-week high of $178.75 was reached on 03/06/23 after having rallying from a 52-week low of $122.50. Since the beginning of this year, ETN’s stock price has risen by 10.84% or $16.84, and marked a new high 12 times. However, the stock has declined by -2.68% since its 52-week high.

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ETN stock investors should be aware that Eaton Corporation plc (ETN) stock had its last reported insider trading activity 7 days ago on May 18. Okray Thomas B disposed of 23,964 shares for $171.10 on May 18. It resulted in a $4,100,199 divestment by the insider. Faria Joao V sold 2,500 shares at an average price of $178.26 on Mar 09. The insider now owns 68,814 shares following the transaction. On Mar 08, Faria Joao V sold 2,500 shares at $176.71 apiece. The transaction was valued at $441,763.

Valuation Metrics

Right now, Eaton Corporation plc (ETN) has a P/E ratio of about 26.24. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 3.14, the price-to-book (PB) ratio of 3.84, and the price-to-cash flow ratio of 74.35 may also be considered.

The latest dividend of $0.86 per share was paid out, remained unchanged from last year’s $0.86. On Thursday February 23 2023, a $0.05 dividend increase was announced.

Financial Health

In the three months ended March 30, Eaton Corporation plc’s quick ratio stood at 0.90, while its current ratio was 1.50, 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 0.50, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 33.60% percent. In the year ended March 30, EBITDA margin amounted to 20.21%, whereas operating margins totaled 15.00%. Based on annual data, ETN earned $6.89 billion in gross profit and brought in $20.75 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 10.20%. Return on equity (ROE) for the past 12 months was 15.30%.

In Eaton Corporation plc’s quarter-end financial report for March 30, it reported total debt of $8.7 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 $1.78 quarterly earnings, the actual figure was $1.88 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $1.04 billion in EBITDA. The liabilities of Eaton Corporation plc were 18.03 billion at the end of its most recent quarter ended March 30, and its total debt was $9.26 billion. The value of shareholders’ equity is $398.6 million.

Technical Picture

This quick technical analysis looks at Eaton Corporation plc’s (ETN) price momentum. With a historical volatility rate of 30.18%, the RSI 9-day stood at 58.51% on 24 May.

With respect to its five-day moving average, the current Eaton Corporation plc price is down by -0.47% percent or -$0.82. At present, ETN shares trade +3.47% above its 20-day simple moving average and +10.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.12% above its SMA50 and +18.70% above its SMA200.

Stochastic coefficient K was 47.89% and Stochastic coefficient D was 54.02%, while ATR was 4.37. Given the Stochastic reading of 69.80% for the 14-day period, the RSI (14) reading has been calculated as 57.42%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at 0.38.

With a median target price of $193.00, the current consensus forecast for the stock is $159.00 – $221.00. Based on these forecasts, analysts predict Eaton Corporation plc (ETN) will achieve an average price target of $192.59.


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